oil contracts

Oil prices recover from previous losses

Oil markets edged higher on January 10 on expectations that at least some planned production cuts would be implemented, though optimism earlier surrounding the deal lost its ground due to several developments that may undermine efforts of major producers to oust global oversupply.
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Tehran loses $4B a month due to delayed IPC

Iran’s monthly lucrum cessans (an actual loss) because of delaying the implementation of new oil and gas contracts, called Iran Petroleum contract, reached $4 billion, Mehdi Hosseini, head of Iranian Ministry of Petroleum’s Oil Contracts Revision Committee said July 10, Shana reported.
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