According to TankerTrackers, a million barrels of Iranian crude oil is approaching the Suez Canal from the Red Sea.
Iranian President Hassan Rouhani says the country will boost the oil output and sales in the next Iranian calendar year that will start on March 21, 2021.
Oil fluctuated near $41 a barrel as the dollar fell and traders weighed the potential for OPEC+ to delay a planned easing of output cuts.
Iranian Oil Minister Bijan Namdar Zanganeh says Iran is by no means lagging behind the neighbors in this race.
Russia overtook Saudi Arabia as China's top crude oil supplier in April, customs data showed, with imports rising 18 percent from the same month a year earlier.
Iranian President Hassan Rouhani called for boosting the production of oil byproducts and minimizing exports of crude oil.
TEHRAN (Iran News) – The Iranian oil minister has said that the arrival of the US in the gas and oil markets was becoming a crucial factor in changing the geography of energy in the world. According to the news service of the Oil Ministry ‘SHANA’, the Oil Minister Bijan Zanganeh was speaking to the […]
As the Iranian oil ministry reported, in July, the average price of Iranian crude stood at $62.65 per barrel, increasing 2.9 percent monthly, while the OPEC countries produced 29.609 million barrels of oil in the said month, registering a daily drop of 246,000 barrels compared to the preceding month.
National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.
Earlier this week, in an attempt to [as the U.S. president Trump put it] “choke off the country’s largest non-petroleum related sources of export revenue", Washington imposed new sanctions on Iran's metals and minerals sectors.