EghtesadOnline: After a one-and-a-half-year hiatus in trade, Iran has exported $39,000 worth of commodities to its southern neighbor Saudi Arabia since President Ebrahim Raeisi’s first term began in August, according to the spokesperson of the Islamic Republic of Iran Customs Administration.
EghtesadOnline: Oil prices held near 11-month highs on Friday and were on track for a strong weekly gain as Saudi Arabia’s pledge to cut output continued to buoy market sentiment.
EghtesadOnline: Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed US crude stockpiles were down last week.
EghtesadOnline: Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand while a tanker explosion in Saudi Arabia jangled nerves in the market.
EghtesadOnline: Desalinated water accounts for a meager 0.1% of the total annual water consumption in Iran while in some neighboring countries like Saudi Arabia it is 70%.
EghtesadOnline: Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about demand recovery cooled amid the coronavirus pandemic.
EghtesadOnline: Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.
EghtesadOnline: Iran’s non-oil commercial exchanges with Persian Gulf Arab states, including Iraq, the UAE, Oman, Qatar, Kuwait, Syria, Lebanon, Jordan and Saudi Arabia, hit $21.5 billion in the last Iranian year that ended on March 19, 2020.
EghtesadOnline: Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help alleviate global oversupply as the coronavirus pandemic pummels demand.
EghtesadOnline: Under pressure from a cascade of events, Tehran should be cautious not to allow the US, Saudi Arabia and Israel to use this opportunity to build an international consensus against Iran with regard to the 2015 nuclear deal, an expert on Europe and America said.