FNA - Iranian Vice-President and Head of the Management and Planning Organization (MPO) Mohammad Baqer Nobakht said that a total sum of $2.5 to $2.4 billion is estimated to be earned from the gas price hike in the country, adding that the whole amount is planned to be distributed among 18 million families of lower economic status. Nobakht said late ...

Bloomberg | Julian Lee: The deadline for the U.S. administration to decide whether to extend sanctions waivers granted to buyers of Iranian oil is now less than a month away, and President Donald Trump faces a tricky decision. He undoubtedly wants to increasepressure on the Persian Gulf nation, but in doing so he risks stoking oil prices and with them ...

Fox Business - Gas prices Opens a New Window. that have already risen for seven weeks in a row, with the national average now near $2.70 per gallon according to AAA, are poised to go even higher in the next few weeks. While refinery mishaps, the switch to summer blends, and rising demand are part of the story, the real reason may have to do with Iran,...

MNA Iranian Foreign Minister Mohammad Javad Zarif said that the Islamic Republic of Iran is ready to start negotiations with Indian officials regarding the price of gas delivered to Indian firms in Chabahar port. Iran is ready for talks with India so that Indian firms can start investing in Chabahar Port, and especially in petrochemical Industries,...

Bloomberg | Julian Lee: It's really hard to see how OPEC+ can make up for lost Iranian production before Americans go to vote. Gas prices are going in the wrong direction for American consumers. The national average is climbing towards $3 a gallon at a time of year when it should be falling. With mid-term elections around the corner, that is uncomfortable ...

Tasnim Yerevan has not received any official proposal from Iran on the purchase of natural gas at a price lower than the Russian one, an Armenian official said. The spokesman of Armenian Energy Infrastructure and Natural Resources Ministry, Vasak Tarposhyan, said Yerevan has repeatedly said it was ready to buy gas from any country at a competitive ...

Press TV- Iran is discussing possible discounts in its sales of natural gas to Turkey after a court of arbitration ruled in Ankaras favor in a dispute over pricing, Minister of Petroleum Bijan Zangeneh says. Turkey receives about 10 billion cubic meters of gas from Iran a year under a 25-year deal signed in 1996 but Ankara has taken Tehran to ...

A high-ranking economic and political delegation of Turkish officials arrived in Tehran on Friday to negotiate the amount of compensation Iran has to payTurkey under a court ruling over their enduring gas dispute. On February 3, International Court of Arbitration ruled that Iran supplied gas to Turkey at a higher price compared to other producers ...

TEHRAN (Tasnim) An Iranian petroleum official announced that Turkey has won a case in an arbitration court on a dispute with Iran over gas pricing, and the court has ruled that Tehran must pay a large amount of money to Ankara. Ankara had applied for an international court of arbitration on the pricing which it deemed too expensive. Turkeys state-...

DALLAS (AP) -- Gasoline is close to breaking below a key psychological barrier as drivers enjoy some of the cheapest pump prices since the recession. The nationwide average price of a gallon of regular Saturday was $2.02, down 58 cents from this time last year, according to auto club AAA. Experts say it could drop below $2 a gallon in the coming days....