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Oil rally ends amid COVID-19 concerns, returning supply
Aug 26, 2021 11:14Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut short a three-day rally, and as production returned in Mexico.
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Iran’s fuel shipment to Lebanon heralds defeat of US hegemony in region: Report
Aug 26, 2021 05:45Iran’s fuel shipment to Lebanon opens a new horizon in relations between the two countries and sets the stage for the defeat of US hegemony in the region, says a report.
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President stresses removal of obstacles to boosting Iran's non-oil exports
Aug 23, 2021 04:55Iran's President Seyyed Ebrahim Raeisi called for the adoption of practical policies to boost the country’s non-oil exports.
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Hezbollah warns foes: Tankers carrying Iranian fuel are Lebanese territory
Aug 19, 2021 13:11Hezbollah Secretary-General Seyyed Hassan Nasrallah has announced that a ship carrying Iranian fuel will set sail for Lebanon within hours, saying the resistance movement would regard this vessel and other tankers to carry Iranian fuel as Lebanese territory, in an apparent warning to Israel and the United States.
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Iran crude output up 28% y/y in July to nearly 2.5 million bpd: OPEC data
Aug 19, 2021 05:25Latest data by the Organization of Petroleum Exporting Countries (OPEC) shows Iran continued to increase its crude oil output in the calendar month to late July.
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Attempts to undermine Russia’s Nord Stream 2 project doomed to failure: Lavrov
Aug 18, 2021 06:11Russian Foreign Minister Sergei Lavrov says all future attempts by the US-led Western countries to undermine the Nord Stream 2 project, a sprawling undersea pipeline that will carry Russian gas directly into Germany, are doomed to failure.
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NIOC raises September crude prices for Asian customers
Aug 18, 2021 05:32The National Iranian Oil Company (NIOC) has raised the September official selling prices (OSPs) for crude deliveries to customers in Asia.
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Oil prices steady after US call for more oil raises supply concerns
Aug 12, 2021 11:50Oil prices remained steady on Thursday following two days of gains after a call by the US for major producers to increase output reinforced supply concerns.
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Iran’s nominated oil minister says he will push for increased gas output
Aug 11, 2021 16:37A nominee to take over the role of Iran’s oil minister in a new administrative government led by President Seyyed Ebrahim Raeisi says he’ll push for increased natural gas output beyond the current enviable record of nearly 1 billion cubic meters (3.5 billion cubic feet) per day.
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New oil terminal gives Iran greater geopolitical power
Jul 28, 2021 11:53A new oil exports terminal which Iran inaugurated on the Sea of Oman last week cuts travel time by five days, sharply reducing transportation expenses, its head says.