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OPEC will continue with supply adjustments for oil market, chief says
The Organization of the Petroleum Exporting Countries (OPEC) will continue with its supply adjustments for the oil market, the OPEC secretary general said.
Iran keen on expanding economic ties in ECO market
The upcoming 15th ECO Summit in Turkmenistan seems to be a good opportunity for Tehran to increase economic and trade cooperation with the nine member states of the bloc.
New COVID variant roils global markets with oil sinking 5%
Global markets went into a tailspin Friday following news of a heavily-mutated COVID-19 variant first detected in South Africa.
European markets retreat as investors monitor data
European stocks pulled back on Tuesday as markets monitored a COVID-19 surge, the prospect of U.S. rate hikes and the latest purchasing manager’s index (PMI) data for the euro zone.
Chopin portrait bought at flea market is from 19th century
A peeling portrait of Frederic Chopin purchased at a flea market in Poland hung modestly in a private house for almost three decades before an expert dated the painting to the 19th century, when the Polish piano composer lived.
Iranian cars can be introduced to int’l markets: Tajik official
Iranian-manufactured cars meet global standards which can be introduced to international markets, said the first secretary of the Tajikistan Embassy in Tehran.
Markets sink 2% on Evergrande fears; banks slide 4%; German Dax down 3%
European stocks were sharply lower on Monday as global markets contended with concerns over the U.S. Federal Reserve’s tapering timetable and fears surrounding embattled developer China Evergrande Group.
Asia-Pacific markets shares up
Shares in major Asia-Pacific markets rose on Monday, as data showed Chinese manufacturing activity growth slowed in July.
Europe markets drop 2%
European stocks fell on Monday as investors react skittishly to rising cases of COVID-19 around the world, fueled by the highly-transmissible Delta variant.
European markets muted; oil price watched after OPEC+ talks abandoned
European stocks were muted on Tuesday, with investors keeping a close eye on the oil markets after talks between members of the OPEC+ oil-producing alliance were abandoned.
Iran to return to oil markets as soon as sanctions lifted: Zanganeh
Iranian Oil Minister Bijan Namdar Zanganeh said that he told an OPEC+ meeting that Iran would return to the markets swiftly if US sanctions are lifted, regardless of decisions made by the producer group.
Mainland Chinese, Japanese stocks fall nearly 1% as Asia-Pacific markets slip
Shares in Asia-Pacific fell on Tuesday despite gains overnight on Wall Street as the S&P 500 and Nasdaq Composite closed at record highs.
Global market begins to make room for Iranian oil
The market has begun making room for Iran’s oil even as reports from Vienna have a dim view of the US folding back all its sanctions imposed on Tehran under the Trump administration.

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