Abu Dhabi Lead Shares Market After Oil Price Jump

• Sunday, 18th January 2015
• by Egypt Oil & Gas

Shares in Abu Dhabi rose to the highest level in three weeks, leading gains in Gulf Arab markets, after crude oil surged the most in more than two years.

Iran Oil Price for Budget Reduced to $40

• Sunday, 18th January 2015
• by Egypt Oil & Gas

The Iran government is revising its draft budget to assume a base oil price of $40

Iran and Venezuela Join Forces to Stabilize Falling Oil Prices

• Sunday, 11th January 2015
• by Egypt Oil & Gas

Iran and Venezuela vowed Saturday to work together to stabilize falling global oil prices as Iran’s supreme leader accused “enemies” of using crude prices as a political weapon.

Iran says Saudi Arabia should move to curb oil price fall

• Friday, 2nd January 2015
• by Egypt Oil & Gas

Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes action to reverse the slump, Iran's deputy foreign minister told Reuters.

Oil Trades Near Nine-Month High After Iran Denies Access to UN Inspectors

• Wednesday, 22nd February 2012
• by Egypt Oil & Gas

Oil traded near a nine-month high after United Nations inspectors in Iran were denied access to a suspected nuclear site, raising concern that tensions between OPEC's second-biggest producer and Western nations may e ...