TEHRAN, July 29 -Crude oil prices ahead of the start of U.S. trading on Friday were unmoved by strong GDP figures as market watchers wait for the next shoe to drop.
TEHRAN, July 27 - A shortage of raw materials has reportedly tripled the prices of plastic products in Iran with traders blaming a more expensive US dollar which they say is encouraging suppliers of petrochemicals to prefer exports over domestic demand.
TEHRAN, June 01 - Jordan's King Abdullah II ordered the government on Friday to freeze new price hikes on fuel and electricity, officials said, after angry protests across the cash-strapped country.
TEHRAN, April 25 - Iran’s Ministry of Petroleum has dismissed reports of a decline in oil exports to India, saying the South Asian country’s imports in fact hit an unprecedented record of 700,000 barrels per day (bpd) in April.
TEHRAN, January 1 - Drivers in Saudi Arabia have expressed concerns over the kingdom’s plan to increase local gasoline prices starting from Monday as the country struggles with a budget deficit.
TEHRAN, September 28 - US President Donald Trump seems to be mulling over the idea of firing Health and Human Services Secretary Tom Price in the wake of reports he has used taxpayer-funded private planes for government business.
TEHRAN, May 7, YJC - The FAO Food Price Index averaged 168 points in April, down 1.8 percent from March although remaining 10 percent higher than a year earlier.
Crude prices have edged up ahead of the Christmas with the global markets waiting to see how OPEC’s planned output cuts will affect oil prices in 2017.
SINGAPORE, Jan 26, 2015 (AFP) - Oil fell in Asia Monday after the anti-austerity party Syriza swept to victory in Greece's general elections, dealing a further blow to the struggling euro, analysts said.
TEHRAN – A lecturer in international political economy at Regent’s University London says if oil prices fall further even the Persian Gulf Arab members of OPEC will face huge economic problems.
SINGAPORE, Nov 05, 2014 (AFP) - Oil prices extended losses in Asia Wednesday as dealers looked ahead to the release of the latest US supply report after a sell-off in the previous session owing to price cuts by Saudi Arabia.
SINGAPORE, Oct 21, 2014 (AFP) - Oil prices rose in Asian trade Tuesday, buoyed by strong industrial production data from China, the world's top energy consuming nation, analysts said.