Iran Economy News

Iran Economy News

Iran out billions of dollars in oil revenue

Source: UPITEHRAN, Jan. 12 (UPI) -- A decline in oil exports, largely because of Western economic sanctions, has cost the Iranian economy more than...
Mehdi Hosseini -
Iran Economy News

Iran’s Repressive Apparatus Gets a Raise

Source: THE WALL STREET JORNAL By: EMANUELE OTTOLENGHI andSAEED GHASSEMINEJAD To pay for it, Rouhani will have to tax a disgruntled middle class. Luckily...
Mehdi Hosseini -
Iran Economy News

Oil prices hit five-year low in longest losing streak since 2008 financial crisis

Source: Reuters Oil prices fell over US US $2 a barrel to a five-year low in Asian trade on Monday, extending a steep sell-off...
Mehdi Hosseini -
Iran Economy News

Asian imports of Iran crude fall below 1 million bpd to one-year low

(Reuters) - Asian imports of Iranian crude fell below 1 million barrels per day (bpd) for a second time this year to a one-year...
Mehdi Hosseini -
Iran Economy News

Exclusive: Indian Essar’s planned oil-for-steel deal tests Iran sanctions

(Reuters) - Essar Group, a $39 billion Indian conglomerate, is looking to tap frozen Iranian oil revenues to pay for its steel exports to...
Mehdi Hosseini -
Iran Economy News

OPEC heading for no output cut despite oil price plunge

Source: Reuters OPEC Gulf oil producers will not propose an output cut on Thursday, reducing the likelihood of joint action by OPEC to prop...
Mehdi Hosseini -
Iran Economy News

Some fund managers see oil falling to $60 without OPEC cut

Source: Ruters LONDON – Some commodity fund managers believe oil prices could slide to $60 per barrel if OPEC does not agree a significant...
Mehdi Hosseini -
Iran Economy News

South Korea Reduced Dependence on Iran

Source:The MARITIME EXECUTIVE South Korea's imports of Iranian crude in the first 10 months of 2014 were below the 2013 average, meeting international sanction requirements,...
Mehdi Hosseini -
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