Demand
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Water Demand in Tehran Intensifies
EghtesadOnline: Potable water consumption in Tehran Province jumped to 626 million cubic meters in the last water year that ended on Sep 22, managing director of Tehran Regional Water Company…
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Faltering Crude Demand Puts Pressure on OPEC+ Production Agreements
EghtesadOnline: It was meant to be the week when OPEC nations gathered in Baghdad to celebrate the organization’s six decades as a dominant force in global oil markets.
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Domestic Raw Materials Meet 100% of Construction Demand
EghtesadOnline: Iran’s building and construction industry meets 100% of its requirements for raw materials from the local market, says Jafar Sarqeini, the caretaker of the Ministry of Industries,…
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Domestic Raw Materials Meet 100% of Construction Demand
EghtesadOnline: Iran’s building and construction industry meets 100% of its requirements for raw materials from the local market, says Jafar Sarqeini, the caretaker of the Ministry of Industries,…
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Oil Extends Losses as Stockpiles Rise Amid Weakening Demand
EghtesadOnline: Oil prices fell for a second day on Friday, pressured by a surprise rise in US stockpiles as the coronavirus pandemic continues to erode demand for fuels.
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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…
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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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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…
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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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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…
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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…
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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…
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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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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…
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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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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…
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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…
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Oil Falls as Growing Coronavirus Cases Stoke Fuel Demand Worries
EghtesadOnline: Crude prices fell on Friday as the resurgence of the coronavirus globally and in the United States, the world’s largest oil consumer, dimmed the prospects of fuel demand recovery.
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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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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…
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Domestic Production Meets 95 Percent of Food Demand
EghtesadOnline: Ninety-five percent of food demand in Iran are met by domestic production, a board member of the House of Industry, Mine and Trade of Iran said.
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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…
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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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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…
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Coronavirus Visiting Int’l Oil Prices
EghtesadOnline: Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears…
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Iran Meets 70% of World Demand for Damask Rose
EghtesadOnline: Iran is the world’s biggest producer of damask rose, accounting for 70% of the global production, according to the executive manager of the Agriculture Ministry's National Medicinal…
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Tehran Stocks Open Higher
EghtesadOnline: Tehran stocks rallied at the start of trading week on Saturday boosted by demand for refinery shares amid a sell-off in auto and telecom equities.
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Brent, WTI Extend Decline
EghtesadOnline: Oil prices extended declines on Monday, dragged down by worries about lower demand in the world’s largest oil importer China following the coronavirus breakout.
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Underground Water Resources Crucial
EghtesadOnline: Underground water resources meet close to 57% of the domestic water demand from households, farming and industries. The balance (43%) comes from renewable resources.
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Oil Drops Below $60 as China Virus Drives Demand Concern
EghtesadOnline: Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China’s coronavirus rose and more businesses were…