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Tag: Oil Prices

Oil falls on oversupply worries despite Iran sanctions

Oil prices headed for a third weekly loss on Friday after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded…

Trump blamed for rising crude prices: Iran

Iranian Minister of Petroleum Bijan Zanganeh stated on Tuesday that U.S. President Donald Trump was responsible for rising oil prices. The official also reiterated that…

Trump, Prime Culprit of rising oil prices: Zanganeh

Iranian Minister of Petroleum Bijan Zanganeh said the main culprit of high oil prices was US President Donald Trump and his disruptive, illegal policies. According…

OPEC-Non-OPEC JMMC no decision-making body

Iran’s Minister of Petroleum Bijan Zangeneh said the Joint OPEC/Non-OPEC Ministerial Monitoring Committee (JMMC) is not legally competent to make decisions about adjustment of production…

US Pressuring Riyadh to Push Down Oil Prices: Iran

Hossein Kazempour Ardebili, Iran’s OPEC Governor, in response to the recent joint statement of Saudi Arabia and Russian’s oil minister and the meeting between Saudi…

Citigroup: Oil price will gradually decline this year

The correction of oil prices in the world market continues and there is potential for further price cuts. Report informs, the US’s Citigroup analysts said. According…

EIA updates its forecast for oil prices

Energy Information Administration (EIA) of the US Department of Energy increases forecast for Brent to $ 62.39/bbl in 2018.  Report informs, says the short-term EIA…

Iranian light oil price at $62.03 in a week

Iran’s light crude oil price fell 71 cents in the week ended on December 8 to settle at $62.03 per barrel, Mehr news agency reported…

Oil Prices Fall More Because of IEA Forecasts

The prices of reference brands of oil significantly accelerated the decline in trading on Tuesday after the International Energy Agency (IEA) lowered forecasts of world…

Societe Generale Reduces Forecast of Oil Prices for Second Time

Analysts predict a decline in oil prices in the second half of 2017 Analysts of Societe Generale for the second time since the beginning of…

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