EghtesadOnline: Saudi Arabia shut down half its oil production Saturday after a series of drone strikes hit the world’s largest oil processing facility in an attack claimed by Yemen’s Houthi fighters.
EghtesadOnline: The Ministry of Cooperatives, Labor and Social Welfare will initiate the identification of households belonging to the top three high-income deciles as of Sept. 23 to eliminate them from the list of cash subsidy receivers.
EghtesadOnline: OPEC oil output increased in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top exporter Saudi Arabia and losses caused by US sanctions on Iran, a Reuters survey found.
EghtesadOnline: Although peak electricity demand hour growth soared by 5% on average between 2008 and 2018, the figure has barely risen by 1% in the past two months compared to the average of the last ten years, the Energy Ministry spokesman for the power department said Saturday.
EghtesadOnline: Iran said on Sunday it will further scale back its commitments under the 2015 nuclear deal with world powers, raising its uranium enrichment level beyond the cap set in the agreement.
EghtesadOnline: Oil production at joint oil fields in West Karoun region bordering Iraq has been reduced by 6% as a precautionary measure to prevent environmental damage in the area, the managing director of the Petroleum Engineering and Development Company said.
EghtesadOnline: Russia is complying fully with its pledge to cut oil production gradually, Energy Minister Alexander Novak said on Monday.
EghtesadOnline: Saudi Arabia’s energy minister said an oil-output freeze would be "positive" if it happens, while ruling out a cut in production.