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Oil price to fall as market ‘drowns in over-supply’ $22 is the target

Oil price to fall as market ‘drowns in over-supply’ $22 is the target

PARIS – The oil price is set to fall further this year as supply vastly exceeds demand, with major oil exporter Iran’s return to the market offsetting any production cuts from other countries, the IEA said on Tuesday. “Can it ...

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Iran-EU trade up 6% in 9 months

Iran-EU trade up 6% in 9 months

NEWsZENTS TEHRAN – Trade value between Iran and the European Union member states amounted to €5.597 billion in the first nine months of 2015, rising 6 percent from €5.296 billion in the same period of time in 2014.  EU exported ...

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Iran: Inflation hits almost 14%

Iran: Inflation hits almost 14%

The inflation rate for the 12-month period ended on the last day of the seventh Iranian calendar month of Mehr (October 22) was 13.3 percent, IRNA reported on Thursday. That was while the Statistical Center of Iran had put the ...

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Could Saudi Arabia Really Go Bankrupt?

Could Saudi Arabia Really Go Bankrupt?

In October 2015, the International Monetary Fund (IMF) warned Saudi Arabia that the country may run out of the financial assets needed to support spending within five years if planned expenditures are not curbed. Saudi’s fiscal condition has deteriorated rapidly ...

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European firm invests $6b in Iran’s power sector

European firm invests $6b in Iran’s power sector

TEHRAN- An European firm signed a deal with the Iranian Energy Ministry for making $6 billion investment in Iran’s power sector, Iran’s Government Spokesman Mohammad Baqer Nobakht announced in a press conference yesterday. The official said the European firm will ...

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Despite GOP Stand: TransCanada suspends its US permit on Keystone Pipeline

Despite GOP Stand: TransCanada suspends its US permit on Keystone Pipeline

TORONTO – The company behind the controversial Keystone XL pipeline from Canada to the U.S Gulf Coast has asked the U.S. State Department to pause its review of the project. a big blow to the Republican Party. TransCanada said Monday ...

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