Tehran, YJC. As Iran starts discussing oil business with France and Germany, an American delegation from the oil section is going to visit the country in one month.
Tehran, YJC. As the oil price is going down in international markets, Saudi Arabia in a fresh coalition with the US has started selling oil to costumers for one dollar below the international average.
Oil prices were mixed in Asian trade Tuesday, weighed by the prospect of a return of iranian supplies after a landmark deal to curb Tehran's disputed nuclear programme takes effect January 20
Global oil prices fell on Tuesday on easing fears about supplies from the crude-rich Middle East, eclipsing bright data from Europe and China, analysts said.
Oil prices were mixed in Asian trade Tuesday as concerns over a sudden glut in Iranian supply eased amid scepticism over an international agreement on its controversial nuclear programme.
Tehran, YJC. OPEC leaders are trying to pose calm as the current production race indicates that it will take long for the market to see oil sold at $100.
Oil prices edged higher in Asia Monday on escalating violence in crude producer Libya following a coup attempt by a rogue general that has raised concerns about potential supply disruptions, analysts said.
SINGAPORE, Jan 7, 2015 (AFP) - Oil prices fell in Asia Wednesday to their lowest levels in five-and-a-half years on fears about fresh global turmoil over a political crisis in Greece, analysts said.
TEHRAN - A lecturer in international political economy at Regent's University London says if oil prices fall further even the Persian Gulf Arab members of OPEC will face huge economic problems.
SINGAPORE, Dec 22, 2014 (AFP) - Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predicting the sector has bottomed out after plunging almost 50 percent since June.
Kurdish regional administration PM Nechirvan Barzani said the energy deals they signed with Turkey are the start of a new Iraq and there is no need for fear.
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