oil prices
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OPEC’s oil earnings dip—but not for four members
SHANA (Tehran) – OPEC data shows Iran’s oil export revenue increased by 14% in 2024.
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Oil prices drop 10% last week
SHANA (Tehran) – Oil prices, which had recently surged to a five-month high amid escalating tensions between the Israeli regime and Iran, fell by about 10% last week as hostilities subsided.
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Easing tensions calm oil prices
SHANA (Tehran) – The decline in oil prices following the announcement of a ceasefire reflects the global market's realism, according to an energy expert.
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Trump tells everyone to keep oil prices down after Iran attacks
SHANA (Tehran) – US President Donald Trump expressed a desire on Monday to see oil prices kept down amid fears that the aftermath of the attacks on Iran's nuclear facilities could cause them to spike.
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Oil prices ease as Iran-Zionists conflict enters sixth day
SHANA (Tehran) – Oil prices eased in Asian trade on Wednesday, after a gain of 4% in the previous session, as markets weighed the chance of supply disruptions from the Iran-Israel conflict against a U.S. Federal Reserve rates decision that could impact oil demand.
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Oil rises as Iran-Zionists conflict keeps floor under prices
SHANA (Tehran) - Oil prices rose on Tuesday, with analysts saying that uncertainty would keep prices elevated, even as there were no concrete signs of any production losses stemming from the Iran-Israel conflict.
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Oil soars more than 6% after Israel's strike on Iran alarms market
SHANA (Tehran) – Oil prices jumped more than $4 a barrel on Friday, hitting their highest price in almost five months after Israel struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies.
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Expert warns of market instability following OPEC+ production move
SHANA (Tehran) - The former director of international affairs at the National Iranian Oil Company warned of the consequences of a recent decision by eight OPEC+ member countries, cautioning that instability could return to the oil market.
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‘Increased oil supply alone won’t lower prices’
SHANA (Tehran) – Morteza Behrouzifar, a faculty member at the Institute for International Energy Studies, said the recent decision by eight OPEC+ member countries to increase oil supply will not significantly reduce prices in the short term—barring a widespread global economic recession—unless geopolitical and economic stability persists.
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OPEC:
WSJ Claims Wholly Inaccurate and Misleading
SHANA (Tehran) - The OPEC secretariat announced today that the Wall Street Journal article, dated 2 October which quotes the Saudi Oil Minister as saying oil prices may fall to $50/B is inaccurate and misleading. the full text of the secretariat response to the article is as follows: