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Russia Becomes China’s top crude oil supplier in April 28 May 2020

Russia Becomes China’s top crude oil supplier in April

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.

Rouhani orders boosting production of oil byproducts 19 Apr 2020

Rouhani orders boosting production of oil byproducts

Iranian President Hassan Rouhani called for boosting the production of oil byproducts and minimizing exports of crude oil.

Energy geography is changing, Zanganeh says 10 Oct 2019

Energy geography is changing, Zanganeh says

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 […]

Iranian oil prices increase in July as OPEC production falls 18 Aug 2019

Iranian oil prices increase in July as OPEC production falls

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.

IRENEX to hold 3rd round of heavy crude oil offering on Tuesday 16 Jun 2019

IRENEX to hold 3rd round of heavy crude oil offering on Tuesday

National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.

U.S. sanctions Iran’s metals; what’s the impact? 12 May 2019

U.S. sanctions Iran’s metals; what’s the impact?

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.

South Korea’s imports of Iranian oil soar in Feb. 19 Mar 2019

South Korea’s imports of Iranian oil soar in Feb.

South Korea's imports of Iranian crude oil more than quadrupled in February from a month ago, nearing a level before US sanctions on Tehran.

NIOC offering 6th round of oil at IRENEX today 05 Mar 2019

NIOC offering 6th round of oil at IRENEX today

National Iranian Oil Company (NIOC) commences the 6th round of offering light crude oil at Iran Energy Exchange (IRENEX) on Monday.

Asia’s Iran Crude Oil Imports to Nearly Double in February 03 Mar 2019

Asia’s Iran Crude Oil Imports to Nearly Double in February

Asia’s crude oil imports from Iran dipped in January to the lowest in two months after top buyers China and India slowed down purchases and as Japan recorded zero imports for a third month, government and trade data showed.

280,000 barrels of oil traded at IRENEX on 1st day 29 Oct 2018

280,000 barrels of oil traded at IRENEX on 1st day

Some 280,000 barrels of crude oil were traded on Sunday, the first day of offering crude oil for export on Iran Energy Exchange (IRENEX), just few days before new round of U.S. sanctions on petroleum sector take effect, Shana reported. National Iranian Oil Company (NIOC) started to sell crude oil at $74.85 per barrel in […]