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 ...

Sweden Approves Nord Stream 2 Pipeline
While Denmark is yet to give permission for the Nord Stream 2...
India Sees $55-60 Oil Price Reasonable
India, the world’s third-largest oil consumer, expects a...
Chinese Tariffs Will Crimp American Shale Production
China’s proposed tariffs on US petroleum imports, part of a...
NIOC Plans to Increase Oilfield Capacity
National Iranian Oil Company plans to increase the production...
OPEC reached an agreement with Russia in 2016 to keep 1.8 million bpd off the market.
Oil Minister Bijan Namdar Zanganeh rejected leaving the 2016...
Sixfold Rise in Zanjan Petrochem Plant Capital
Zanjan Petrochemical Complex’s registered capital has...
Renewable Power Plants' Dues Settled in Full
The state-run Renewable Energy Organization of Iran, aka SUNA...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus