Oil prices drop after Israel's limited strikes on Iran

Oil prices fell by more than 5%, below $73 per barrel, after Israel's Saturday strike against Iran spared the country's oil installations, media reports.

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Publish Date:28/October/2024 | 11:16

Iran State Finances in Disarray

EghtesadOnline: Low crude prices severely restricted government revenues that fell far short of expectations in the first half of this year, raising alarms about the future growth in the economy of OPEC's No.3 exporter.

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Publish Date:13/November/2016 | 18:31

Saudi Arabia’s Monarch Scraps Bonuses, Cuts Minister Salaries

EghtesadOnline: Saudi Arabia canceled bonus payments for state employees and cut ministers’ salaries by 20 percent, its latest steps to rein in a budget deficit that ballooned amid the oil price slump.

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Publish Date:27/September/2016 | 06:52

Crude Slips to $47 as Dollar Retreats; European Stocks Advance

EghtesadOnline: Oil extended its retreat from a seven-week high on supply concerns, while the dollar weakened versus major peers as traders weighed prospects for a U.S. interest-rate hike this year. European shares rose as data showed economic activity in France picked up this month.

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Publish Date:23/August/2016 | 08:40

Oil Prices Heading for Fourth Weekly Decline

EghtesadOnline: Oil prices fell on Friday, set for their fourth weekly decline, as renewed economic concerns in the United States and China revived anxieties about fuel demand growth in the world's two largest oil consumers.

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Publish Date:13/May/2023 | 22:30

Biggest Oil Price Surge Since 1991

EghtesadOnline: Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Persian Gulf War in 1991, after an attack on Saudi oil facilities on Saturday shut over 5% of global supply.

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Publish Date:17/September/2019 | 24:23

IMF’s Christine Lagarde: Oil Exporters Have Not Fully Recovered From 2014 Shock

EghtesadOnline: Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the International Monetary Fund said on Saturday, and she cautioned against spending money on "white elephant projects."

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Publish Date:12/February/2019 | 13:23

Iran: Equity Market Sinks as Selloff Continues

EghtesadOnline: After ending the past week 3.5% lower, the Tehran Stock Exchange continued to reel under selling pressure on Saturday. Falling global stocks, US-China trade war, declining oil and commodity prices and the effects of US sanctions all weighed on sentiment.

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Publish Date:26/November/2018 | 24:05

Saudi Arabia Signals Ambition for $80 Oil Price

EghtesadOnline: Saudi Arabia wants to get oil price s near $80 a barrel to pay for the government’s crowded policy agenda and support the valuation of state energy giant Aramco before an initial public offering.

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Publish Date:11/April/2018 | 06:52

Renewed oil weakness sparks demand fears

EghtesadOnline: U.S. oil price s topped $50 a barrel in June, boosting optimism a two-year price rout might end. Six weeks later, the long hoped for recovery has yet to take hold.

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Publish Date:26/July/2016 | 11:30