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Oil Prices Reverse Some Losses, But Demand Concerns Persist

EghtesadOnline: Oil futures clawed back some of the losses they sustained in the previous session, but a rebound in Covid-19 cases in some countries undermined hopes for a steady recovery in global demand.
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Publish Date:10/September/2020 | 11:28

Businesses Booming Under Pandemic

EghtesadOnline: While many businesses are hurting during the coronavirus pandemic, some are seeing an increase in demand and sales.
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Publish Date:10/September/2020 | 11:17

Oil Skids as Demand Optimism Fades

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.
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Publish Date:08/September/2020 | 14:17

Sell-Off Pressure Rattles Bourse

EghtesadOnline: Relentless sell-off pressure hit the Tehran stock market on Sunday as retail investors struggled to get their money back while institutional buyers continued to boost demand.
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Publish Date:07/September/2020 | 24:57

Oil Near $44, Heads for Weekly Drop as Demand Concerns Rise

EghtesadOnline: Oil held around $44 a barrel on Friday and was heading for its biggest weekly decline since June, as weak demand figures added to concerns of a slow recovery from the COVID-19 pandemic.
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Publish Date:05/September/2020 | 13:07

Virus Destroying Gasoline Demand

EghtesadOnline: Gasoline consumption declined in the eighth month (July 21-August 21) of the Iranian calendar year by 30% compared to the corresponding period last year, a member of the Gasoline Station Owners' Association (GSOA) said.
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Publish Date:02/September/2020 | 13:35

70% Decline in Demand for Stationery, 20% Rise in Prices

EghtesadOnline: Stationery prices have increased by 20% compared with last year due to the rise in production costs while demand for these products has dropped by 60-70% following school closures caused by the outbreak of coronavirus, Mahmoud Reza Sanatkar, the head of Stationery Producers’ Association, says.
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Publish Date:27/August/2020 | 18:11

OPEC+ to Balance Market Share Gains

EghtesadOnline: OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.
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Publish Date:19/August/2020 | 10:23

Crude Prices Snap 4-Day Winning Streak

EghtesadOnline: Oil prices fell for the first time in four days on Wednesday, slipping from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut market confidence about a potential pickup in fuel demand.
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Publish Date:06/August/2020 | 18:41

EGFI to Open 21 Offices to Boost Exports

EghtesadOnline: The Export Guarantee Fund of Iran is planning to open 21 offices in the provinces to help address exporters’ increasing demand for guarantees.
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Publish Date:01/August/2020 | 13:18

Oil Gains as Vaccine Hopes Edge Out Rise in Infections

EghtesadOnline: Oil prices edged higher on Tuesday on positive news on vaccine trials, but are still within the narrow trading band of the past three weeks amid fears that new lockdowns could derail a recovery in demand.
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Publish Date:22/July/2020 | 10:34

Oil Prices Mixed as Virus Spike Casts Shadow Over US Demand

EghtesadOnline: Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while US benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb oil demand in the United States.
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Publish Date:07/July/2020 | 11:04

Large-Cap Stocks Lead

EghtesadOnline: Shares in Tehran closed trading week Wednesday with large-cap companies rallying in the absence of significant demand for small stocks.
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Publish Date:25/June/2020 | 20:47

Exxon Delays Key Refinery Expansion

EghtesadOnline: Exxon will postpone the start of expansion works at its Beaumont refinery in Texas because of still slow demand for fuels, Bloomberg reported, citing unnamed sources familiar with the situation.
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Publish Date:14/June/2020 | 11:09

TPPHC Prepares for Summer Demand

EghttesadOnline: Close to 1,800 megawatts will be added to the national grid next month to help meet rising demand in summer, managing director of Iran's Thermal Power Plants Holding Company said.
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Publish Date:17/May/2020 | 05:52

Tehran Stocks Climb Higher

EghtesadOnline: Tehran stocks extended weeks of consecutive rallies on Tuesday as demand remained high for shares of big listed companies.
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Publish Date:29/April/2020 | 05:18

WTI Tumbles to Lows Not Seen Since 1999

EghtesadOnline: Crude oil futures fell on Monday, with US futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that US storage facilities will soon fill to the brim amid the coronavirus pandemic.
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Publish Date:21/April/2020 | 24:00