India and Iran are good partners in the oil trade despite Washington’s discontent, and they should continue cooperating if they so wish, Germany’s Minister of State for Foreign affairs Niels Annen said on a visit to New Delhi, RT reported. “I am not a salesman for Iran but I have an impression that India is […]

TEHRAN – Brian O’Toole, a former senior adviser to the director of the Office of Foreign Assets Control (OFAC), says U.S. plan to reduce Iran’s oil revenue to zero is “impossible” and that the world would not be with the U.S. in re-imposing sanctions on Tehran. In 2013 there were rising sanctions as well as […]

Japanese oil companies are preparing for a complete cessation of oil imports from Iran, Russian TASS quoted a Japanese newspaper as saying. According to the Nikkei newspaper on Thursday, oil supplies from Iran should be completely stopped by October. Alternative suppliers include Saudi Arabia and the United Arab Emirates. Japanese suppliers of Iranian oil – […]

Crude oil prices could jump as high as US$250 a barrel if Iran goes through with its threat to close the Strait of Hormuz in response to U.S. pressure on oil buyers to cut their Iranian purchases to zero, RT reports, quoting analysts. The most bullish among these analysts was Artem Avinov from online broker […]

 Oil cooperation between and Russia can be boosted to some $50 billion and Moscow has expressed readiness to make this investment, said Iranian Leader’s senior adviser Ali Akbar Velayati on Thursday. He made the remarks during a live interview with Iran’s state TV on Thursday noon. Referring to his meeting with Russian President Vladimir Putin […]

 Reuters market analyst John Kemp has warned against the consequences of Iran’s oil removal from the global markets. MNA republishes the Reuters market analyst’s article published on July 9. The text of the article is as follows: The United States wants to eliminate all Iran’s crude oil exports from November, and is relying on Saudi […]

 Oil prices fell on Wednesday, with Brent dropping by more than $1, after the United States said it would consider requests for waivers from sanctions due to snap back into place on Iranian crude exports, Reuters news agency reported. Brent crude futures were down $1.10, or 1.4 percent, at $77.76 a barrel by 0112 GMT. […]

An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, media reports, citing an official from the refiner, Dongming Petrochemical Group. What’s more, the source said that Beijing is planning to slap tariffs on US crude oil imports and […]

 Reuters market analyst John Kemp has warned against the consequences of Iran’s oil removal from the global markets. MNA republishes the Reuters market analyst’s article published on July 9. The text of the article is as follows: The United States wants to eliminate all Iran’s crude oil exports from November, and is relying on Saudi Arabia […]

Oil will soon cost $100 per barrel due to supply disruptions caused by US President Donald Trump, Iran’s OPEC Governor told Reuters on Thursday, warning that expectations that Saudi Arabia and Russia would help bring down prices were in vain. Iranian OPEC Governor Hossein Kazempour Ardebili told Reuters that Trump “should have expected” when blocking […]