August 2015
Zangeneh: We Will Increase Oil Exports Even If Prices Halve
Iran's oil minister, Bijan Namdar Zangeneh, asserts that Iran will boost oil exports despite potential price drops, emphasizing the importance of its OPEC share. He…
Zangeneh Reports Lack of 'Sufficient Resources' for Investment in Oil Industry
Iran's Oil Minister Bijan Zangeneh announced a severe lack of investment in the oil sector due to plummeting oil prices, which have fallen from $108…
Sharp Decline in Chinese Stock Market; Decrease in Dollar Value
The Chinese stock market has experienced an unprecedented drop of 9%, raising concerns about Beijing's ability to manage economic issues. This decline has also affected…
Post-Sanctions Era in Iran from the Perspective of the World Bank
The World Bank's report outlines the economic implications of lifting sanctions on Iran, highlighting potential increases in oil exports and foreign trade. It predicts growth…
Possible 9% Decrease in Russia's Gross National Product Due to Sanctions
The IMF predicts that Western sanctions against Russia could lead to a 9% decrease in its GDP, with initial impacts already causing a 1-1.5% decline.…
Global Oil Prices Hit Lowest Level in Four Months
Global oil prices have fallen to their lowest levels in four months due to oversupply concerns and OPEC's decision not to cut production. The strengthening…