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crude oil Archives - Page 2 of 3 - Iran News Daily
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 […]

Debate over offering crude oil at IRENEX to tackle sanctions 20 Oct 2018

Debate over offering crude oil at IRENEX to tackle sanctions

The issue of offering crude oil in the stock market of Iran dates back to the Iranian calendar year of 1379 (March 2000-March 2001). Since then it has come on the table several times but was never materialized. But now, with the U.S.’s withdrawal from Iran’s nuclear deal in May and re-imposition of sanctions against […]

Crude oil sales to initiate at IRENEX since Oct. 28 17 Oct 2018

Crude oil sales to initiate at IRENEX since Oct. 28

Offering crude oil at Iran Energy Exchange (IRENEX) will be commenced on October 28 to thwart U.S. sanctions, ISNA quoted Deputy Oil Minister Ali Kardor as saying on Tuesday. The government is to offer oil in form of at least 35,000-barrel-cargos and the total of one million barrels per day at IRENEX, he announced addressing […]

Iran’s heavy crude oil price tops $80 in a week 14 Oct 2018

Iran’s heavy crude oil price tops $80 in a week

Iran’s heavy crude oil price jumped $2.09 in the week ended on October 5 to cross $80 per barrel. Iranian heavy oil prices surged to $80.86 in the mentioned week, Shana reported on Saturday. The prices experienced a $27.59 increase in comparison to the figures for last year’s same period of time. The rise in […]