Iranian light crude breaks $60 mark
TEHRAN – The price of Iran’s light crude oil in the week ended on November 3 rose $2.59 to stand at $60.04 per barrel, IRIB reported on Sunday. The country’s light oil price was reported $50.39 on average since the beginning of 2017 until November 3. According to the report, Iran sold its heavy crude […]
Iran’s heavy crude oil price exceed $60
TEHRAN – Iranian heavy crude oil price hit the record high $60.15 per barrel on Tuesday following the recent price surge in the oil market. The price rose by $2.45 per barrel or 4.2 percent to push Iranian crude price once again into the $60 range after two years. According to Reuters, oil prices surged […]
Iran’s Crude Exports Set to Fall in Oct. to 16-Month Low
TEHRAN – Iran’s total crude and condensate exports for October are expected to tumble by nearly a fifth from the previous month to a 19-month low, a source said. Crude and condensate exports for October will be 2.09 million bpd, the lowest since March 2016, down from 2.57 million bpd in September dented by production […]
Prices for Iranian crude exceed $53 per barrel
TEHRAN – Iran’s light crude prices moved up by over one dollar to reach as high as 54 dollars per barrel in the week leading to September 15. In the seven days leading to September 15, Iran’s light crude prices grew by $1.60 climbing to 54 dollars and one cent a barrel while the average […]
Iran’s Crude Oil Output to Hit 4mln bpd in Coming Months
TEHRAN – CEO of the National Iranian Oil Company (NIOC) Ali Kardor said the country’s oil production would reach 4 million barrels per day (bpd) by the end of the current Iranian year (March 20, 2018). Speaking to the Tasnim News Agency, Kardor said currently, the total amount of Iran’s crude oil production amounts to […]
Iran’s Crude Exports to S Korea Rise by 40% in August
TEHRAN – South Korea’s imports of Iranian crude oil rose by 40.2 percent in August compared to the same period last year, a report said. South Korea brought in 1.55 million tons of Iranian crude last month, or 365,641 barrels per day (bpd), compared with 1.1 million tons in the same month in 2016, customs […]
Iran raises October light crude price for Asia
TEHRAN – Iran has raised its light crude’s official October selling prices for Asia by $0.48 to set 50 cents above the Oman/Dubai average for the same month, Reuters reported quoting an industry source with direct knowledge of the matter. Last month, OPEC’s third largest oil producer changed the pricing formula for its Soroush grade […]
Monthly crude oil exports from Iran up 9.3% in August
TEHRAN- Iran’s crude oil exports reached 2.135 million barrels per day (bpd) in August, a 9.3 rise from its previous month, Oilprice.com reported citing energy data provider Kpler. According to the report, Iranian crude oil exports rose by 182,000 bpd in August from July. The increases came at a time when most of the OPEC […]