OIL REVENUES

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ENERGY

Iran’s oil revenues up over 60% y/y in April-May: Official

An Oil Ministry official says Iran’s oil revenues have increased by over 60% in the two month to late May.

oil tankers

IN-DEPTH

The Vision 2030 Saudi pipe dream

The future of oil as black gold, as well as the future of the world’s largest oil exporter, has become uncertain due to fluctuations in the value of oil.

Saudi

BUSINESS

Saudi economic outlook revised to negative from stable

The Fitch rating agency says Saudi Arabia’s economy awaits dire consequences of fall in oil prices.

saudi oil facilities

IN-DEPTH

Economic recovery prognosis for Iran

Contrary to major European companies who fled the Iranian market for fear of US sanctions, medium-sized companies have found dealing with Iran to be most lucrative.

IRAN

IN-DEPTH

Saudi Gift to Yemen: Bloodied oil

Reinstating Yemen's ex-President Abd Rabbuh Mansur Hadi, who was amenable to a long term deal with Aramco, is a cover story for the ulterior motives of Riyadh with respect to oil rich Yemen.

YEMEN-CONFLICT-SOCIAL-ECONOMY

ENERGY

Iran oil revenue dips but future holds bright promises

The Organization of Petroleum Exporting Countries (OPEC) says Iran's revenue from total crude oil exports and oil products in 2019 was just over $19 billion, less than a third of the previous year.

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ECONOMY

Iran GDP without oil grows 1.1%: Central Bank

Iran’s central bank says the economy without oil grew 1.1 percent over the past calendar year.

economy chart