Latest news
Daily (08.01.2020): Crude oil down 1% on Tuesday on reduced fears of an eventual crude supply squeeze
Crude oil prices fell about 1% on Tuesday, recording the first decline in four sessions, dragged down by reduced fears of an eventual crude supply disruption in the Middle East after the U.S. killed an Iranian general last Friday.
read more... 08/01/2020
Daily (06.01.2019): Crude oil prices surged by over 3% on Friday on heightened U.S.-Iran geopolitical risk
Crude oil prices surged on Friday, hitting the highest level since September 2019 after a U.S. military strike killed General Qassem Soleimani, head of Iran’s elite Quds Force, increasing concerns about a crude oil disruption.
read more... 06/01/2020
Iran finds new oilfield of massive size
Iranian President Hassan Rouhani on Sunday said a new big oilfield has been discovered in Khuzestan province in southwestern Iran.
read more... 11/11/2019
Iran: Gas field discovered with $40 billion worth of reserves
A new gas field with 13,000 billion cubic feet of recoverable reserve and 385 million barrels of condensate, valued at $40 billion, has been discovered in Fars province, southern Iran.
read more... 15/10/2019
Daily (14.10.2019): Brent crude climbed by over 2.4% on Friday, following an Iranian tanker explosion in the Red Sea
Crude oil prices soared on Friday, bolstered by rising tensions in the Middle East following a missile attack on an Iranian tanker. Hence, Brent crude traded 2.4% up at $60.51, while WTI futures rose by 2.2% to $54.70 a barrel.
read more... 14/10/2019