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Iran dismantles FOB pricing for refinery feedstock supply: Minister
Iran’s Oil Minister Bijan Namdar Zanganeh said the price of feedstocks supplied to refineries across the country would no longer be calculated using the free on board (FOB) system that is widely used in energy trade in the Persian Gulf region.
Iran hails OPEC for stabilizing crude price
OPEC has managed to raise crude prices and stabilize the oil market, Iran's Oil Minister Bijan Namdar Zanganeh said Monday.
Canadian canola prices spike as shippers find back door to China
Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China.
Gold barrels past $2,000 with stage set for prices to rally more
Gold’s scorching rally gathered more force, with prices driven higher into record territory above $2,000 an ounce as investors assessed prospects of more stimulus to combat the pandemic’s fallout, another slide in US real yields and increased geopolitical risks.
Oil falls as rising virus cases overshadow demand recovery
Oil prices eased on Tuesday on concerns that a fresh wave of COVID-19 infections will hamper a global demand recovery just as major producers ramp up output.
Bitcoin's price surges over $10,000
Bitcoin rose above $10,000 for the first time since June 2.
Iran lowers import tariffs for rice as prices soar
The Iranian government ordered a substantial reduction in tariffs imposed on imports of rice amid price hikes in the local market that came following a decision earlier this month to stop subsidizing rice imports.
Zanganeh says hard to predict oil prices as demand unclear
Iran’s oil minister said on Monday it was difficult to forecast crude prices amid uncertainties over prospects for demand, Iranian state radio reported.
OPEC output surged most in 30 years during price war last month
OPEC’s crude production surged by the most in almost 30 years last month as its biggest members fought to dominate a global market devastated by the coronavirus crisis.
Venezuelan oil price falls below $10, lowest level in 20 years
The price of Venezuelan oil has fallen to below $10 a barrel – its lowest level in more than two decades, the government said.
Rouhani: Iran will fare better than others after oil price drop
Iran will not suffer as much as other countries from the oil price drop because it is less reliant than others on crude exports, President Hassan Rouhani said on Wednesday.
Oil at two-decade lows, price of US crude for delivery below zero
Kremlin says OPEC+ 'contacts' can be set up if needed
Oil collapses to $11, level not seen in 22 years
US oil prices dived to 22-year lows at just $11 Monday after crashing almost 40 percent in a market flooded with crude and slammed by evaporating demand in the face of the coronavirus pandemic.
Moscow, Riyadh 'very close' to oil deal: Russian negotiator
Russia and Saudi Arabia are "very, very close" to a deal on oil production cuts, Kirill Dmitriev, the head of Russia's sovereign wealth fund, told CNBC on Monday.
Oil prices at 17-year lows as virus ravages world
Oil prices extended losses in Asian trade Monday and languished at 17-year lows, with the coronavirus crisis escalating around the world and no end in sight to a vicious price war.

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