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  • 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.

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