Iran to Sell 2.3m bpd of Oil
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 Near $41 With OPEC+ Set to Meet on Output Hike Delay
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.
Iran Not Lagging Behind in Joint Oilfields: Minister
Iranian Oil Minister Bijan Namdar Zanganeh says Iran is by no means lagging behind the neighbors in this race.
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
Iranian President Hassan Rouhani called for boosting the production of oil byproducts and minimizing exports of crude oil.
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
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
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?
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.
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.