oil prices

Total:6

  • Efforts by the world’s top oil producers to cut supplies and boost prices are being overshadowed by concerns that fresh outbreaks of the coronavirus could lead to further economic losses. (Photo: Richard Carson/Reuters) 2020-05-15 13:10

    By Salman Parviz

    Saudis react to economic squeeze

    Saudi Arabia and the UAE introduced the five percent Value Added Tax (VAT) in January of 2018, a first for the Persian Gulf region which had long prided itself on its tax-free, cradle-to-grave welfare system. On the same day, Saudi Arabia announced a petrol price hike of 127 percent. Measures were taken to boost revenues, cut spending, and lowering the ballooning budget deficits.

  • U.S. oil 2020/04/21

    By Salman Parviz

    Historic fall in U.S. oil prices amid virus outbreak

    TEHRAN – When the capital city of Tehran partially emerged out of the shutdown on Saturday, we witnessed some traffic on the roads for the first time after almost a month, since the beginning of Nowruz holidays. President Hassan Rouhani has refused to implement 24-hour lockdowns seen in other Middle Eastern countries.

  • oil market 2019-06-23 18:42

    By Ebrahim Fallahi

    Oil market shrugs off as tensions rise in Persian Gulf region

    Despite what was expected, the oil market doesn’t seem to be moved drastically by the recent turbulences in the Persian Gulf region as Iran shot down a high-technology U.S. surveillance drone when it trespassed its borders in the politically sensitive Strait of Hormuz.

  • Iran’s oil exports 2019-04-29 19:56

    Iranian official warns of oil going above $100

    TEHRAN - Chairman of Majlis (Parliament) Energy Commission, Fereydoun Hasanvand warned that oil prices are going to surge above $100 per barrel following the U.S. decision to end the waivers.

  • oil price 2019-04-06 20:17

    By: Ebrahim Fallahi

    Optimism growing among oil traders on signs of a tightening market

    In the last two weeks, a variety of boosting factors have come together to push the oil prices up to their highest in near six months.

  • oil price 2018-12-05 22:52

    By Mahmood Khaghani in association with Chris Cook

    Iran at the crossroad of 1398 budget

    TEHRAN - A journalist called me the other day and requested my opinion with regard to the next Iranian year 1398 budget that it seems the government considers oil prices will be higher than 50 dollars per barrel. I, in turn, asked a Senior Research Fellow at University College London about his prediction with respect to oil market during 2019. He said: "As a wise man said, "It is difficult to make forecasts, especially about the future."