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2018-08-27 14:25:00

IRAN'S ECONOMY DIFFICULTIES

IRAN'S ECONOMY DIFFICULTIES

ARAB NEWS - Iranian members of Parliament launched a scathing attack on their own government on Sunday as they fired a second Cabinet minister in less than a month.

Masoud Karbasian, the minister of finance and economic affairs, was impeached and stripped of his post. He follows Labor Minister Ali Rabiei, who was dismissed on Aug. 8. Central bank chief Valiollah Seif was also fired last month by President Hassan Rouhani.

Critics say the government squandered the opportunities…

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Tags: IRAN, ECONOMY, OIL
Chronicle:
IRAN'S ECONOMY DIFFICULTIES
2019, June, 14, 10:45:00
21ST AFRICA ENERGY FORUM | 11-14TH JUNE | PORTUGAL
The Africa Energy Forum (AEF) is the global investment meeting for Africa’s power, energy, infrastructure and industrial sectors.
IRAN'S ECONOMY DIFFICULTIES
2019, June, 13, 16:50:00
OIL PRICE: NOT ABOVE $63 ANEW
Brent crude futures were up $1.91, or 3.18%, at $61.88 a barrel by 1039 GMT, having risen as much as 4.45% to $62.64. U.S. West Texas Intermediate crude futures were up $1.42, or 2.78%, at $52.56 a barrel. WTI earlier rose as much as 3.85% to $53.11.
IRAN'S ECONOMY DIFFICULTIES
2019, June, 13, 16:45:00
OPEC OIL PRODUCTION 30.09 MBD
In all, OPEC's 14 members pumped 30.09 million b/d in May, a 170,000 b/d fall from April and the lowest since February 2015, before Gabon, Equatorial Guinea and the Republic of Congo joined and Qatar was still a member,
IRAN'S ECONOMY DIFFICULTIES
2019, June, 13, 16:40:00
GLOBAL ENERGY DEMAND +2.9%
Primary energy consumption grew at a rate of 2.9% last year, almost double its 10-year average of 1.5% per year, and the fastest since 2010.
IRAN'S ECONOMY DIFFICULTIES
2019, June, 13, 16:35:00
OIL PRICES 2019-20: $67
Front-month Brent crude futures were at $62.56 at 0707 GMT, up 27 cents, or 0.4%, from Monday’s close. U.S. West Texas Intermediate (WTI) crude futures were at $53.75 per barrel, 49 cents, or 0.9%, above their last settlement.
IRAN'S ECONOMY DIFFICULTIES
2019, June, 13, 16:30:00
OPEC CAUTIOUS ACTIONS
Even so, OPEC said it would tread cautiously. The organization forecast that 2019 oil consumption will rise 1.14 million b/d year-on-year, a downward revision of 70,000 b/d from last month's report, as "significant downside risks from escalating trade disputes spilling over to global demand growth remain."
IRAN'S ECONOMY DIFFICULTIES
2019, June, 13, 16:25:00
SANCTIONS FOR NORD STREAM 2
Nord Stream 2, a 760-mile (1,225-km) pipeline project to ship gas from Russia under the Baltic Sea to Germany, would double the capacity of the existing Nord Stream pipeline and has divided the European Union.
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