EghtesadOnline: Domestic red meat consumption has plunged since the outbreak of the coronavirus pandemic wreaking havoc on livestock breeders and nomadic livelihood.
EghtesadOnline: Gold prices in Tehran continued to decline on Monday amid lack of demand due to the closure of markets.
EghtesadOnline: As long as there is demand, there will be supply, and if demand is not met through official channels, it will be met by smuggling.
EghtesadOnline: Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the second half of the year also lending support.
EghtesadOnline: With domestic and international demand rising at a rapid pace, investment in the key petrochemical industry, now around $80 billion, will reach $108 billion by 2027, managing director of the National Petrochemical Company said.
EghtesadOnline: OPEC and its allies have revised oil demand scenarios for 2021 with demand seen weaker than previously anticipated, a confidential document seen by Reuters shows, supporting the case for a tighter supply policy next year.
EghtesadOnline: Natural gas supply surpassed 710 million cubic meters on Monday as cold weather pushed into the northern and western regions, head of the National Iranian Gas Company Dispatching Department said.
EghtesadOnline: Gas condensates from South Pars Gas Field in the Persian Gulf accounts for 40% of total gasoline output in Iran, managing director of Pars Oil and Gas Company, a subsidiary of state-owned National Iranian Oil Company that oversees the development of gas fields said.
EghtesadOnline: Oil fell more than 2% on Monday, extending last week’s losses as growing cases of Covid-19 in the United States and Europe raised worries about crude demand, while the prospect of increased supply also hurt sentiment.
EghtesadOnline: The number of electricity meters nationwide in household, agro and industrial sectors has grown 12 times in four decades, the Energy Ministry spokesman for the power department said.