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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

Exxon Set for Second Consecutive Loss in Q2

EghtesadOnline: ExxonMobil may be set for its second consecutive loss in Q2 as the oil price collapse and weak refining margins will hit both the upstream and downstream divisions of the US supermajor.
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Publish Date: 04/July/2020 | 24:35

UN Chief Urges All-Out Push to Uphold JCPOA

EghtesadOnline: Amid the unrelenting US drive targeting the 2015 nuclear agreement between Iran and world powers, the United Nations secretary-general called for the exhaustion of all possible means to prevent the “destruction” of the historic accord.
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Publish Date: 27/June/2020 | 10:16

Dollar Dips 4% in Tehran

EghtesadOnline: The US dollar paused on Wednesday following two weeks of strong rallies after Central Bank of Iran reportedly stepped in to stop further deprecation of the rial.
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Publish Date: 25/June/2020 | 20:50

CBI Reprimands South Korea for Illegally Withholding $7 Billion

EghtesadOnline: Iran is escalating its pressure on South Korea to release billions of dollars of oil-export revenue, arguing that Seoul is buckling to pressure from its US ally and illegally withholding funds needed to counter the Middle East’s worst coronavirus outbreak.
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Publish Date: 12/June/2020 | 19:24

Rising Liquidity Stress Tied to Borrowing From NDFI, Sanctions

EghtesadOnline: In a press release outlining reasons behind the monumental growth in liquidity in recent months, the Central Bank of Iran blamed borrowing from the National Development Fund of Iran and the new US sanctions on oil exports.
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Publish Date: 07/June/2020 | 06:57

When oil became waste: a week of turmoil for crude, and more pain to come

EghtesadOnline: The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures, which had never dropped below $10 a barrel in its nearly 40-year history, plunged to a previously unthinkable minus $38 a barrel.
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Publish Date: 26/April/2020 | 14:24

$500 billion coronavirus aid package passes U.S. Senate, headed to House

EghtesadOnline: The U.S. Senate on Tuesday unanimously approved $484 billion in fresh relief for the U.S. economy and hospitals hammered by the coronavirus pandemic, sending the measure to the House of Representatives for final passage later this week.
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Publish Date: 22/April/2020 | 24:23

Time for IMF to Act Now

EghtesadOnline: Iran’s central bank governor has again called on the International Monetary Fund to resist US pressure and approve its application for financing to help bridge a 10 billion-euro ($10.9 billion) deficit as the country’s sanctions-hit economy struggles to cope with the coronavirus pandemic.
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Publish Date: 21/April/2020 | 11:42

US Push for Violation of Int’l Law Against Iran Will Fail

EghtesadOnline: The United States is asking the United Nations Security Council to violate international law by extending an arms embargo on Iran, but its illegitimate request will fail to secure approval, Iran’s envoy to the UN said.
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Publish Date: 20/April/2020 | 13:08

US Pursuing Self-Serving Goals in Iraq

EghtesadOnline: The United States is refusing to withdraw its forces form Iraq despite a parliamentary resolution calling for their exit, as it pursues its own self-serving agenda, Iranian lawmakers said.
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Publish Date: 18/April/2020 | 14:22

Senator Urges Trump to Shift Iran Policy Amid Pandemic

EghtesadOnline: Democratic US Senator Chris Murphy warned on Monday that the Trump administration could be partially responsible for “the death of innocent people” if it continues its current policies toward Iran.
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Publish Date: 18/April/2020 | 14:20

Oil Gains as US Shale Production Set to Fall Sharply

EghtesadOnline: Oil prices rose more than 1% on Tuesday after the main US energy forecasting agency predicted shale output in the world’s biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.
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Publish Date: 18/April/2020 | 14:16

Sticking to Sanctions During Pandemic ‘Treachery’ Against Humanity

EghtesadOnline: Iran's Permanent Mission to the United Nations in New York has released a message to member countries, describing how the continued application of sanctions during the new coronavirus pandemic is undermining the world's ability to control the outbreak and is therefore a "treachery" against humanity.
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Publish Date: 14/April/2020 | 19:22