Oil Turbulence Amid Political Currents
May 2025 proved to be a turbulent month for the global oil market, marked by significant fluctuations driven by a combination of economic concerns and geopolitical tensions. Brent crude, which had traded above $82 per barrel in January, fell sharply to approximately $63.91 in early May.
Administration to announce good news about oil industry soon: Spokesperson
Administration to announce good news about oil industry soon: Spokesperson TEHRAN (Iran News) The administration of President Masoud Pezeshkian will announce good news related to the oil industry in the coming days, spokesperson Fatemeh Mohajerani says. The announcement will be made by the petroleum minister, Mohajerani said in her weekly briefing on Tuesday. It will be […]
Non-oil trade between Iran, neighbors exceeds $41b in March-October
The head of the Islamic Republic of Iran Customs Administration (IRICA) announced that the Iranian non-oil trade with neighboring countries in the first seven months of the current Iranian year (March 21 to October 21) increased by 23% to 41.1 billion dollars.
Tehran Oil Refinery’s activities underway as usual: Official
A spokesman of Tehran Oil Refinery has rejected reports the facility was a target of any attack by the Israeli regime, saying that the refinery is operating normally.
Iran’s 4-Month Oil Sales Hit $15.7 Billion: IRICA Chief
Iran exported $15.7 billion of oil overseas in the first four months of the current Iranian calendar year (March 21 to July 22, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) said.
Iran Produced 3.24 Million bpd of Oil in June 2024, Report Says
Iran produced 3.240 million barrels of oil per day (bpd) in June 2024, according to EIA.
Iran’s Oil Output Rises by 60%: Oil Minister
Iran's oil minister said that the country’s oil production volume has risen by 60 percent over the three past years, namely during the administration of the late President Ebrahim Raisi that assumed office in August 2021.
Iran’s Crude Oil Output Increases 60% during Current Administration’s Term: Oil Minister
Iran’s minister of oil revealed that the country’s crude oil production surged 60 percent in the administration of President Ebrahim Raisi, who took office in August 2021.
28th Iran Oil Show Inaugurated in Tehran
The 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show) was inaugurated in a ceremony at the Tehran Permanent International Fairgrounds Wednesday, attended by Iran’s Oil Minister Javad Owji and senior managers of the oil industry.
Minister: Iran signs oil contract worth $13bn
The Iranian petroleum minister says the country has signed the biggest ever contract in the nation’s oil history worth $13 billion.