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Chevron Corp Books Worst Loss Since 1989 as Oil Prices Crash

EghtesadOnline: Chevron Corporation reported on Friday a net loss of $8.3 billion for the second quarter on the back of impairment charges due to lower commodity price outlook and write-off its Venezuela operations due to the US sanctions.
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Publish Date:02/August/2020 | 14:00

Rouhani: Resistance Key to Defeating US Pressures

EghtesadOnline: President Hassan Rouhani described the harsh pressure being exerted by the United States on Iran and Venezuela as a crime against humanity, saying the two independent nations will continue to stand up to the oppression.
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Publish Date:22/January/2020 | 10:48

Zarif in Venezuela to Attend NAM Confab

EghtesadOnline: Foreign Minister Mohammad Javad Zarif arrived in Caracas, Venezuela , early on Saturday to address a high-level meeting of Non-Aligned Movement.
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Publish Date:21/July/2019 | 10:11

OPEC Output Hits Five-Year Low

EghtesadOnline: OPEC oil output sank to a new five-year low in June as a rise in Saudi supply did not offset losses in Iran and Venezuela due to US sanctions and other outages elsewhere in the group, a Reuters survey found.
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Publish Date:07/July/2019 | 11:22

UN Expert: American Unilateral Sanctions Breach Human Rights

EghtesadOnline: The imposition of "unilateral coercive measures" on Cuba, Venezuela and Iran by the United States violates human rights and international norms, an expert appointed by the UN Human Rights Council said on Monday.
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Publish Date:08/May/2019 | 24:14

US Oil Prices Up 50%

EghtesadOnline: Venezuela is in chaos. Iran is grappling with US sanctions. And now there is a surge of violence in Libya. Trouble in these three OPEC nations has helped send US oil prices climbing back above $64 a barrel.
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Publish Date:13/April/2019 | 14:38

Oil Climbs to 5-Month High Amid OPEC Cuts

EghtesadPnline: Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, US sanctions against Iran and Venezuela , fighting in Libya as well as strong US jobs data.
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Publish Date:09/April/2019 | 13:01

Venezuela Model Not Applicable to Iran

EghtesadOnline: The United States is adopting hostile policies toward both Iran and Venezuela but the model it is using for the Latin American country is not applicable to Tehran, given the economic, geopolitical and domestic structural differences between the two oil-rich countries, an analyst said.
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Publish Date:02/March/2019 | 24:15

Venezuela 's Maduro denounces election call but says ready to talk

EghtesadOnline: Venezuela ’s embattled President Nicolas Maduro rejected an international ultimatum to call elections within eight days and said opposition leader Juan Guaido had violated the country’s constitution by declaring himself leader.
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Publish Date:27/January/2019 | 14:44