Oil prices rose on Friday, on signs that Iran sanctions might weigh on global supply, while China's demand for U.S. crude doesn't seem to be affected by trade disputes. Brent crude surged by $1.09, or 1.5%, to settle at $75.82 a barrel. Meanwhile, U.S. crude closed $0.89, or 1.3%, higher at $68.72.
read more... 27/08/2018
Iran and Russia have resumed negotiations to build a nuclear power plant capable of generating three thousand megawatts of electricity, Iranian Energy Minister Reza Ardakanian was quoted as saying by local press.
read more... 27/08/2018
On Wednesday, oil crude prices rose, as U.S reported a sudden draw in stocks, while sanctions on Iranian crude might put pressure on supplies. Brent crude price jumped by 3% to $74.78 a barrel. Moreover, WTI crude price closed 3.1% up at $67.86 a barrel.
read more... 23/08/2018
The U.K. will help Iran modify its Arak nuclear reactor after the U.S. withdrew from a 2015 nuclear deal between Tehran and world powers earlier this year, Iranian officials announced Wednesday.
read more... 23/08/2018
French oil major Total has confirmed its withdrawal from a $4.8 billion Iranian gas project, leaving the door open for co-investor China National Petroleum Company to take the lead on the asset.
read more... 22/08/2018