Iranians mark the National Persian Gulf Day, which is the anniversary of the victory over Portuguese troops during a war in the Persian Gulf in 1622.

Deputy Ports and Maritime Organization (PMO) for Ports and Economic Affairs of Sistan and Baluchestan said that seven investment contracts were concluded by the private sector during the last year and five more are underway in the first half of the current Iranian year.

Eurasia has granted preferential tariffs and exemptions from customs duties to 10 Iranian export goods since April 1, said the head of the Industry, Mine, and Trade Organization of Gilan Province on Tuesday.

Russia will need more than 1 trillion roubles ($13.44 billion) of additional borrowing this year to cover the shortfall in non-oil and gas revenues, the Interfax news agency cited Finance Minister Anton Siluanov as saying on Saturday.

What happens when you give industries that are frequently ostracized for their role in environmental degradation an 'open license to pollute?' They take it with open arms.

World Bank Group President David Malpass speaks at a virtual press conference, in Washington D.C., the United States, on April 17, 2020. The World Bank Group (WBG) is expected to launch health emergency programs in over 100 countries by the end of April to support the fight against COVID-19, with 64 already in operation, President David Malpass said Friday.

A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in over two decades.

Saudi Arabia’s oil giant Aramco has just announced the pricing for its oil for May, with deeper discounts for customers in Asia for the second month in a row, despite Sunday’s historic global production cut deal.

Quite aside from the subtler elements of the oil deal announced late last week that are likely to undermine its ability to stave off further oil price lows in the coming weeks...

The oil market is heading for the largest ever crude glut in the first half of 2020, which could be two to nearly four times bigger than the biggest surplus recorded so far, IHS Markit says, as quoted by Bloomberg.