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Oil climbs above $100 after Iran–US negotiations fail

London, April 13 (SANA) Oil prices exceeded $100 a barrel on Monday as tensions escalated in the Strait of Hormuz following the failure of negotiations between Iran and the United States, according to Reuters. Brent crude futures rose by $7.11, or 7.47 percent, to $102.31 per barrel,...

Fuel depots cause daily public funds drain

Given the sensitive timing and the approaching restructuring of the Syrian Petroleum Company, which includes dissolving the Mahrukat Company and transferring its responsibilities to the Ministry of Energy and the Syrian Petroleum Company, informed sources have observed a significant increase in...