72978
Iran's Light Crude Hits $54
Energy

Iran's Light Crude Hits $54

Iran's light crude extended its rally to $54 per barrel in the week to September 15 along with a global upturn in oil market. The light grade rose by $1.60 to $54.01 a barrel in the week.
Iran Heavy, one of the country's main export grades, settled at $51.60 a barrel, up 91 cents from the previous week, Shana reported on Saturday, citing a report by the Oil Ministry. Iranian crude has averaged $49.31 a barrel in 2017.
The upward trend comes as global oil benchmark Brent was close to $57 a barrel on Friday, holding firm at five-month high. The price of the Organization of Petroleum Countries' basket of 14 crudes stood at $54.59 a barrel on Thursday, compared with $54.06 the previous day, according to OPEC Secretariat calculations.

Short URL : https://goo.gl/Jye1Zs
  1. https://goo.gl/krf982
  • https://goo.gl/X5Hdqb
  • https://goo.gl/qywZ6v
  • https://goo.gl/anPiqc
  • https://goo.gl/Uzs8aw

You can also read ...

Italy's Ansaldo Set to Produce Power From Iran's South Pars Gas Flares
Italy's Ansaldo Energia signed a memorandum of understanding...
Norway’s Saga Signs $2.9b Iran Solar Power Venture
Norway’s Saga Energy signed a €2.5 billion ($2.94 billion)...
French, German Groups Ink Water Agreements
French and German groups on Wednesday signed broad-ranging...
Total Says Will Try to Move Ahead With Iran Gas Project
French oil and gas major Total will try to push ahead with its...
Tashkent Eyes Iran Oil Import, Mulls Transport Options
Uzbekistan is willing to join the list of Iran's crude oil...
Iraq Asks BP to Develop Kirkuk Fields
Iraqi Oil Minister Jabar al-Luaibi has asked BP to "quickly...
Brent, WTI Prices Pick Up
Oil prices rose on Wednesday as weekly US crude inventories...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus