On the other hand, we must raise the level of cooperation of the society to the highest level by meeting the basic needs of households. All in all, it seems that this two-week shutdown could slow down the chain of the virus outbreak a bit, and this is a matter of hope. Many social and economic problems will affect the capital and the whole of Iran.
recently, the Economist Analytical Journal revealed the state of Iran's economic growth, noting that Iran's economy has been on a downward trend due to the damage caused by the Coronavirus epidemic and the consequences of unilateral US sanctions, until a rate by the end of this year.
The world's major industrialized nations have entered a phase of shutdown due to the outbreak of the Corona virus, and their economies will need years to return to normal to offset the economic losses of this biological crisis.
The annual oil conference of the S&P Global Pellets Institute, held annually in Singapore, brought together the greats of the oil industry virtually this year. BP, Trafigura, Citigroup and Vitol are some of the familiar letters in the world oil and gas industry that attended the largest meeting of the world's oil industry and trade, sending messages about the future of the oil market, which are largely devoid of optimism.
The supply floor of steel companies in the commodity exchange had already been set, but it was not realized. Accordingly, a joint committee is currently scheduled to monitor the supply of steel companies on the Commodity Exchange on a weekly basis in the presence of representatives of the Attorney General's Office, government sanctions, the Consumers and Producers Protection Organization and other regulatory bodies. It is also emphasized that any unit that violates the quantities set for supply will be dealt with legally.
For more than a decade, the main concern in the oil market has been the depletion of oil resources, but reaching the peak of demand and then entering the downward path of this most important commodity market in the world has been an issue that has occupied the minds of analysts.The reason for this development is, on the one hand, the discovery of new resources around the world that have pushed supply into equilibrium with demand over time, and, on the other, the risk of global warming, which encourages governments to support renewable fuels and regulate the use of renewable fuels. It has forced fossil resources and greenhouse gas emissions.
Yesterday, at the time of writing (16:30 Tehran time), Brent crude fell 63 cents to $ 44.27 a barrel and returned to the $ 45 resistance. US crude fell 58 cents to $ 42.24 a barrel. Thus, Brent performance is negative this week and WTI performance is positive. According to available reports, the interference of positive and negative signals in the market has prevented a sharp rise or fall in prices and has entered the waiting phase.In fact, although the decline in demand and oil prices due to the outbreak of the Corona virus has occurred very quickly, but its recovery will be slow and long. One sign of a slowdown was the decline in Indian crude oil imports in July. This month, India's crude oil imports fell to their lowest level since March 2010 due to the resurgence of the Corona virus and its impact on the country's refineries. The emergence of this sign in India as one of the drivers of growth in crude oil consumption is while experts do not expect India's crude oil demand to return to pre-corona times in the short term.
The UK scrap market has boomed due to domestic consumers in August. Rather than low supply and good demand at home and abroad push for rising prices.
Domestic prices for hot rolled sheets have risen across Europe despite slow market activity.
Since the beginning of this year, this huge steel complex has tried to remain effective as a parent industry in the region and the country, despite the pressure of oppressive sanctions and the problems caused by the outbreak of the corona, which has put the country's economy in a difficult situation. Undoubtedly, this complex can play a significant role in the economy and national authority.