The US is not considering a release from government oil stocks to dull the price and supply impacts of Monday’s announcement it would not renew sanctions waivers for Iran’s top Continue Reading
Tokyo is still trying to prevent being caught in the geopolitical cross-fire between Washington and Tehran. On Friday, Japan’s Minister of Economy, Trade, and Industry (METI) Hiroshige Seko said that Continue Reading
The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, Continue Reading
The State Department is expected to announce the end of waivers for countries to import Iranian oil on Monday, part of the Trump administration’s effort to drive Iran’s exports to Continue Reading
Iranian oil exports have dropped this month as waivers are soon set to expire, Refinitiv Eikon and tanker tracking data showed, according to Reuters. The United States is set to Continue Reading
Heavy crude production in Iran’s flooded West Karun oil fields has dropped by about 10,000 b/d to 20,000 b/d, the state-run company in charge of the operations said Wednesday, according Continue Reading
Iran’s crude oil exports have dropped in April to their lowest daily level this year, tanker data showed and industry sources said, suggesting buyers are curbing purchases before Washington clamps Continue Reading
Iran has shut down some oil fields in its southwest Khuzestan province bordering Iraq and the Persian Gulf, as the Islamic Republic is looking to control the damage from recent Continue Reading
An Iranian exchange has offered investors as much as 6 million barrels of oil so far this year. Only a single deal closed, for the minimum 35,000 barrels. Iran’s oil Continue Reading
South Korea’s imports of Iranian crude last month reached 1.2 million tons, or 8.8 million barrels which was a 23-percent increase on February and a fivefold increase in January, when Continue Reading
Iran’s oil minister said on Sunday that U.S. sanctions on Iran and Venezuela and tensions in Libya have made the supply-demand balance in the global oil market fragile, and warned Continue Reading
India’s oil imports from Iran increased by some 5 percent between March 2018 and March 2019 compared to the previous fiscal year through March 2018, because Indian refiners rushed to Continue Reading
India imported about 5 percent more oil from Iran in the last fiscal year through March as companies raised purchases ahead of U.S. sanctions against Tehran from November, preliminary tanker Continue Reading
Highlights Exports jump to 1.70 million b/d in March Flows to China, South Korea increase Sharp fall seen in Iranian oil inventories London — Iranian oil exports, which have been Continue Reading
Companies that continue to do business with Iran, including oil trades allowed under US waivers, will have to conduct more due diligence after the US designated the Islamic Revolutionary Guard Continue Reading
Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from U.S. sanctions against the OPEC-member, four sources Continue Reading
Iran moved on Saturday to evacuate more towns and villages threatened by floods after continued rain in the southwest of the country, state television reported, as the nationwide toll from Continue Reading
Iranian President Hassan Rouhani called on Saturday for Iran and neighboring Iraq to expand their gas and electricity trade and work towards fulfilling a plan to connect their railroads. “The Continue Reading
Rescue operations are under way across Iran as the death toll from severe flooding has reached more than 60. There are new warnings that dams in some areas could overflow, Continue Reading
With Iran sanctions waivers set to expire in a few weeks, the Trump administration faces a difficult task. Oil prices are once again on the rise, just as they were Continue Reading
With US sanctions waivers set to expire early next month, a State Department official said Tuesday that the US remained committed to “zeroing out” Iranian crude oil exports, claiming that Continue Reading
Three of eight importers granted waivers by Washington to buy oil from Iran have now cut their shipments to zero, a U.S. official said on Tuesday, adding that improved global Continue Reading
Iran’s Oil Minister Bijan Zangeneh arrived in Moscow on Monday for senior-level talks regarding the global oil market and energy cooperation between Iran and Russia, the Islamic Republic News Agency Continue Reading
Iran can’t seem to get a break, at least as far as the U.S. is concerned. Yesterday, Sigal Mandelker, undersecretary of the Treasury for Terrorism and Financial Intelligence, told reporters Continue Reading
Syrian militiamen paid by Iran have seen their salaries slashed. Projects Iran promised to help Syria’s ailing economy have stalled. Even employees of Hezbollah, the Lebanese group that has long Continue Reading
The United States is keen to see that Malaysia, Singapore and others are fully aware of illicit Iranian oil shipments and the tactics Iran uses to evade sanctions, a top Continue Reading
Japanese refineries have put a halt on imports of Iranian oil after buying 15.3 million barrels between January and March ahead of the expiry of a temporary waiver on U.S. Continue Reading
Nearly a year has passed since the US implemented economic, financial and trade sanctions on Iran covering key sectors, while those on its oil and gas industry took effect last Continue Reading
It was a quiet day in January, and many oil traders were still on holiday, when two sources in the industry called to alert me to something unusual – a Continue Reading
US sanctions on Iran’s oil sector and the waivers of said sanctions are causing rifts among the US administration—pitting the National Security Council and the US State Department against each Continue Reading
The U.S. blacklisted members of what officials said was a “vast network” operating in Turkey and the United Arab Emirates that helped Iran exchange over $1 billion in currency to Continue Reading
President Trump’s national security team is deeply divided over whether to let a small group of countries keep buying Iranian oil after a U.S. deadline on sanctions waivers expires in Continue Reading
South Korean government officials are expected to press for extending a sanctions waiver on Iran’s petroleum exports that expires in May on a visit to Washington this week. South Korea’s Continue Reading
At least 18 people were killed and around 100 others were injured in flash floods in Iran’s southern Fars province, the semi-official Tasnim news agency reported on Monday, with more Continue Reading
The governor of Khuzestan, the biggest oil-rich province in Iran, has banned government officials from leaving it despite the danger of floods in the region, Radio Farda reports , citing Continue Reading
The US government on Monday warned the oil shipping industry to avoid violating sanctions against Syria and Iran by scrutinizing vessel histories and trading partners. The advisory includes a list Continue Reading
U.S. sanctions have cut off Iranian oil shipments to Syria, taking an unprecedented toll on a flow of crude that had persisted in the face of long-term international restrictions and Continue Reading
Iran’s Ministry of Defense unit responsible for developing nuclear weapons is poised to restart work and is using front companies to buy materials from Russia and China that could be Continue Reading
Iran’s oil exports have dropped in March to their lowest daily level this year, according to tanker data and industry sources, even before Washington formally requires importing countries to reduce Continue Reading
Iran has delivered for export the first shipment from a new development phase of the giant gas field South Pars, including 300,000 barrels of condensate, Iranian media report , quoting Continue Reading
When Washington announced the return of economic sanctions against Iran, the main idea was pretty clear: cut exports of vital oil to zero to paralyze the economy and prompt a Continue Reading
At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port Continue Reading
Another 90-day waiver allows for critical power purchases as Iraq tries to balance relations between rival powers. Iraqi Prime Minister Adil Abd al-Mahdi meets with U.S. Secretary of State Mike Continue Reading
Over the past few months, oil market participants and analysts focused on OPEC’s production cuts, soaring U.S. shale output, the U.S.-China trade dispute, projections of slowing oil demand growth, and Continue Reading
Iran’s President Hassan Rouhani officially launched four new development phases at the giant South Pars offshore gas field, which will add 110 million cubic meters to the daily output of Continue Reading
Iranian President Hassan Rouhani said on Monday that the government would file a legal case in Iran against U.S. officials who imposed sanctions on the country as a precursor to Continue Reading
Iran has lost $10 billion in revenue since U.S. sanctions in November have removed about 1.5 million barrels per day (bpd) of Iranian crude from global markets, a U.S. State Continue Reading
The United States aims to cut Iran’s crude exports by about 20 percent to below 1 million barrels per day (bpd) from May by requiring importing countries to reduce purchases Continue Reading
The US could extend waivers from sanctions on Iranian crude and product purchases if current sanctions on Venezuela significantly impact global oil supply and prices, Brian Hook, the US State Continue Reading
U.S. Secretary Of State Mike Pompeo will meet with top oil executives before he addresses a conference on Tuesday, seeking to get them to help the administration’s effort to boost Continue Reading
