crude oil


  • Trump 2020-04-22 14:11

    By Haniyeh Sadat Jafariyeh

    Trump, coronavirus go hand in hand to make American crude valueless: energy expert

    TEHRAN – Monday, April 20, 2020, was a historic day for the oil market. West Texas Intermediate (WTI) closed below zero for the first time. Mehr news conducted an interview with the Iranian president of Vienna Energy Research Group, Fereydoun Barkeshli to know why US oil is worth less than nothing under President Trump and coronavirus pandemic.

  • Oil Market 2020-04-10 10:18

    By Haniyeh Sadat Jafariyeh

    Intl. oil market cornered by coronavirus, Iranian economy remains resilient: energy expert

    TEHRAN – President of Vienna Energy Research Group believes the Iranian economy was oil-reliant but the country learnt, under US sanctions, how to scaffold its oil industry and economic structure over the years. Presently, Iran is not a loser in the coronavirus-hit global oil market.

  • US- China Trade war 2020-01-27 23:30

    Is it a powerful dollar or a declining one?

    Alarm sounding for U.S. economic collapse as Trump is insisting on trade deal with China

    Nowadays, if a country exports one billion euro of its crude oil to a European country, the mentioned billion euro of revenue can be accessible and utilized in the world trade system only and only after its equal dollar-based value has been recognized by the U.S. otherwise the said revenue has no any value in the international markets’ transactions.

  • IRENEX 2019-03-05 20:08

    IRENEX to hold next round of offering crude oil on March 11

    TEHRAN- The next (seventh) round of offering crude oil will be held at Iran Energy Exchange (IRENEX) on March 11, IRNA reported.

  • IRENEX 2019-02-19 22:15

    35,000 barrels of crude oil sold at IRENEX in fifth offering

    TEHRAN- National Iranian Oil Company (NIOC) sold 35,000 barrels of light crude oil at Iran Energy Exchange (IRENEX) at the base price of $52.25 per barrel for the fifth time on Monday, IRIB reported.

  • Budget bill 2018-12-23 21:23

    Budget bill sees $5.71b less oil revenues

    TEHRAN- The predicted income from sales of crude oil and oil byproducts in the upcoming Iranian year 1398 (starting March 21, 2019) has decreased about 240 trillion rials (about $5.71 billion) in the modified budget bill, from its previous 1.73 quadrillion rials (about $41.1 billion) to 149 quadrillion rials (about $35.4 billion), Tasnim news agency reported on Sunday.

  • IRENEX 2018-11-11 20:33

    700,000 barrels of oil sold at IRENEX

    TEHRAN- National Iranian Oil Company (NIOC) sold 700,000 barrels of light crude oil at Iran Energy Exchange (IRENEX) at the price of $64.97 per barrel on Sunday, the second offering day of oil at the capital market, Tasnim news agency reported.

  • 280,000 barrels of oil traded at IRENEX on 1st day 2018-10-28 20:53

    280,000 barrels of oil traded at IRENEX on 1st day

    TEHRAN- Some 280,000 barrels of crude oil were traded on Sunday, the first day of offering crude oil for export on Iran Energy Exchange (IRENEX), just few days before new round of U.S. sanctions on petroleum sector take effect, Shana reported.

  • IRENEX 2018-10-19 22:38

    By Mahnaz Abdi

    Debate over offering crude oil at IRENEX to tackle sanctions

    The issue of offering crude oil in the stock market of Iran dates back to the Iranian calendar year of 1379 (March 2000-March 2001). Since then it has come on the table several times but was never materialized.

  • IRENEX 2018-10-16 17:49

    Crude oil sales to initiate at IRENEX since Oct. 28

    TEHRAN- Offering crude oil at Iran Energy Exchange (IRENEX) will be commenced on October 28 to thwart U.S. sanctions, ISNA quoted Deputy Oil Minister Ali Kardor as saying on Tuesday.

  • IRENEX 2018-10-01 18:19

    Crude oil to be offered at stock market as of Sat.

    TEHRAN- Crude oil will be offered at Iran Energy Exchange (IRENEX) since Saturday to thwart U.S. sanctions, Deputy Oil Minister Ali Kardor told IRNA on Monday.

  • Visa-free entry an alternative to oil economy: expert  2018-09-13 11:00

    Visa-free entry an alternative to oil economy: expert 

    The head of Alborz province’s chamber of commerce, industries, mines and agriculture believes that starting a visa-free regime for inbound travelers to Iran is an alternative to the country’s oil-reliant economy.