Search Result

Raeisi urges self-sufficiency in basic foodstuffs

President Seyyed Ebrahim Raeisi instructed the Agriculture Ministry to devise scientific plans to make the country self-sufficient in the production of basic commodities and end reliance on imports.

Price of oil rises as supply concerns persist

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply.

Oil slides as Shanghai lockdowns stoke demand fears

Oil slumped nearly 5% to the lowest in almost two weeks on Monday, extending last week's decline as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases to U.S. interest rates would hurt global growth and oil demand.

Crude oil prices rise to over $110

Oil prices rose on Monday in choppy trade, with Brent crude topping $112 a barrel, as outages in Libya deepened concern over tight global supply.

Sustainable recovery spending could be derailed by commodity price spikes: IEA

The world’s governments have pledged more than $710 billion to “sustainable recovery measures” by the year 2030 since the beginning of the COVID-19 pandemic, the International Energy Agency said.

Oil prices keep rising with falling supplies in focus

Oil prices rose by more than 2% on Wednesday after Moscow said that peace talks with Ukraine had hit a dead end, fuelling supply worries, while weak economic data from China and Japan kept a lid on gains.

Global renewable power prices soar on heavy demand, chaotic supply chain

Prices for wind and solar power in major global markets have climbed nearly 30% in a year as developers have struggled with chaotic supply chains and surging costs for everything from shipping to parts to labor, according to a report published on Wednesday.

Food prices hit record high in March, U.N. agency says

World food prices jumped nearly 13% in March to a new record high as the Ukraine conflict caused turmoil in markets for staple grains and edible oils, the U.N. food agency said on Friday.

Iran orders meat imports to control domestic prices

The Iranian Agriculture Ministry (MAJ) has ordered imports of red meat into the country in an attempt to control rising prices in the domestic market.

Oil price spikes to $139, highest since 2008

Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies considered banning Russian oil imports.

Oil prices gain after IEA says market tight

Oil prices rose on Friday after the International Energy Agency (IEA) said oil markets were tight.

Oil prices stable at $90 per barrel

Oil prices were stable around $90 per barrel on Wednesday but the prospect of increased supply from Iran and the United States kept pressure on the market.

Oil dips below $89, eyeing faster OPEC+ hike

Oil slipped on Tuesday, staying close to a seven-year high, weighed by speculation OPEC+ could go further than expected to add supply at a meeting this week and expectations of a rise in U.S. inventories.

Oil steady as rising Libyan output offsets supply worries

Oil prices were steady on Monday as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output.

Oil prices steady as Omicron caution lingers

Oil prices were steady on Wednesday as fears of tight supply were offset by COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases.