Oil Price

Oil prices drop after Israel's limited strikes on Iran

TEHRAN, Oct. 28 (MNA) – Oil prices fell by more than 5%, below $73 per barrel, after Israel's Saturday strike against Iran spared the country's oil installations, media reports.

Oil shoots up on the back of Middle East conflict

TEHRAN, Oct. 02 (MNA) – Prices for West Texas Intermediate (WTI) crude and Brent futures both rose more than 2% Wednesday after overnight missile attacks by Iran and Israel erupted tensions in the region.

Oil prices jumped in reaction to Hamas leader assassination

TEHRAN, Jul. 31 (MNA) – After the announcement of the assassination of Hamas leader Haniyeh in Tehran, Oil prices jumped, with Brent crude climbing 1.5% to just below $80 a barrel.

Global crude oil prices fall on demand concerns

TEHRAN, Jan. 22 (MNA) – Global crude oil prices fell on Monday amid persistent demand concerns which offset geopolitical concerns in West Asia and an attack on a Russian fuel export terminal over the weekend, media reported Monday.

Putin extends countermeasures on oil cap until June 30, 2024

TEHRAN, Dec. 18 (MNA) – Russian President Vladimir Putin signed on Monday a decree to extend countermeasures against the West and its oil price cap.

Saudi Crown Prince threatened to damage US economy: media

TEHRAN, Jun 09 (MNA) – Crown Prince bin Salman privately threatened to harm the American economy after Biden warned Riyadh of “consequences” for agreeing on an oil production cut with Russia, an American newspaper reported, citing leaked material.

Oil prices extend losses on fears of recession

TEHRAN, Apr. 21 (MNA) – Oil prices eased on Friday, extending losses from the two previous days and heading for a weekly decline, as softening US economic data and a rise in US gasoline inventories raised concerns about a recession.

Russia rules out possibility of supplying oil at forced price

TEHRAN, Dec. 25 (MNA) – Russia will look for new markets and logistics even at higher costs so as not to supply oil at prices set by the West, Finance Minister Anton Siluanov said on Sunday.

Report:

Moscow mulls 3 options to retaliate against EU price cap

TEHRAN, Dec. 07 (MNA) – Moscow is considering three possible options to respond to the introduction of a price cap on Russian oil by the EU and G7, a Russian newspaper reported.

Venezuela's Maduro, opposition return to negotiation table

TEHRAN, Nov. 26 (MNA) – The government of Nicolas Maduro and the Venezuelan opposition are to restart political talks in Mexico on Saturday after a 15-month standoff.

IEF predicts:

Oil price to hit $100 with EU sanctions against Russia

TEHRAN, Nov. 02 (MNA) – The International Energy Forum (IEF) on Wednesday anticipated that oil price will reach $100 with the implementation of European Union’s sanctions against Russia.

US Democrats want drastic punishments for Saudi Arabia

TEHRAN, Oct. 19 (MNA) – In wake of the troubled relationship between Washington and Riyadh, in recent days Democrats have called for more punitive measures against Saudi Arabia.

Amid OPEC+ measure:

US to release 15M barrels from oil strategic reserve

TEHRAN, Oct. 19 (MNA) – After the OPEC+ decision to cut oil production, US President Biden is set to announce Wednesday that the US plans to draw 15 million barrels of oil out of its strategic stockpiles in December.

Oil prices jump over 3% as OPEC+ mulls cuts of up to 1 mn bpd

TEHRAN, Oct. 03 (MNA) – Oil prices jumped more than 3 percent in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market.

OPEC sec. gen.:

Russia membership in OPEC+ vital for success of agreement

TEHRAN, Aug. 01 (MNA) – OPEC's new secretary general said that Russia’s membership in OPEC+ is vital for the success of the agreement.

Kazakhstan oil export to Europe through Russia halted

TEHRAN, Jul. 06 (MNA) – Due to possible environmental pollution found by Russia's federal transport watchdog Rostransnadzor, marine terminal of the Caspian Pipeline Consortium will be shut down for 30 days by order of a Novorossiysk district court.

Russia’s Medvedev says oil prices could top $300-$400

TEHRAN, Jul. 05 (MNA) – Russia’s former president Dmitry Medvedev said Tuesday the oil prices could increase above $300-$400 a barrel if Japan caps the price of Russian oil at around half its current level.

France wants Iran, Venezuela return to oil markets

TEHRAN, Jun. 27 (MNA) – France wants sanctions-hit Iran and Venezuela to return to the oil markets to ease the pressures from Russian sanctions that has spiked prices, a French presidency official said on Monday.

Oil up due to tight US supply, declining China's reserves

TEHRAN, Sep. 24 (MNA) – Oil prices increased on Friday over ongoing supply shortfalls after two powerful hurricanes hit the US Gulf of Mexico and after China's first public sale of state crude reserves.

Imran Khan:

Iran-Saudi Arabia understanding to be in favor of Pakistan

TEHRAN, Sep. 18 (MNA) – Stating that the tensions between Iran and Saudi Arabia are affecting oil prices Pakistani Prime Minister Imran Khan called the understanding between the two countries in favor of Pakistan.