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

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.

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 […]

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 […]

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 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 […]

 Iran’s crude oil exports to Japan jumped 65 percent year on year in August, marking the fourth consecutive month of increase, Platts reported citing Japan’s Ministry of Economy, Trade and Industry (METI)’s trade data. According to the data released on Thursday, the Asian country shipped in 177,475 barrels per day (bpd) of Iranian crude oil […]

Crude oil will be offered at Iran Energy Exchange (IRENEX) since Saturday to thwart U.S. sanctions, Deputy Oil Minister Ali Kardor told IRANNEWSDAILY on Monday. The government is to offer oil in form of 5,000-barrel-cargos and the total of one million barrels, he said. The offered oil at IRENEX will be exported, Kardor added. The […]

Deputy Ministry of Oil for Engineering, Research and Technology Affairs Habibollah Bitaraf put crude oil value exported from Iran in the past Iranian calendar year in 1396 (ended March 20, 2018) at $50 billion. Total export currency revenues of the country in the past year hit about $90 to $95 billion, $50 billion and $20 […]

TEHRAN- Iran’s light crude oil price rose $1.68 in the week ended on April 20 to reach its highest record in 2018. The Iranian light crude price settled at $69.79 per barrel in the mentioned week, IRNA reported on Saturday. The country’s light oil price was reported $65.39 on average since the beginning of 2018 […]