Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from U.S. sanctions on Tehran, sources familiar with the matter said. Steam Continue Reading
Even if some Japanese refiners resume Iranian oil purchases thanks to the U.S. waiver, refiners have just a small window to clear all related transactions, so they are likely to Continue Reading
Japanese refiners are considering resuming Iranian oil imports from January following Washington’s recent sanctions waiver, but the window to load cargoes could halt in two months amid uncertainty about whether Continue Reading
Taiwan’s Iranian crude oil imports would be capped at 5.99 million barrels in 2018, down 40% from the 9.95 million barrels in 2017 due to the snapback of US sanctions Continue Reading
The US granted Iraq a 45-day waiver to sanctions on dealing with Iran to allow Baghdad to continue to pay for natural gas and electricity imports in the face of Continue Reading
Gains mostly came from the UAE and Saudi Arabia, and were supported by OPEC ally Russia’s 50,000 barrels-a-day increase last month, to average 11.6 million barrels a day—a post-Soviet record. Continue Reading
Iran’s army is ready to protect its commercial fleet, including crude oil tankers, from any threats, a senior Iranian military commander said on Monday, in an apparent response to last Continue Reading
Iran is likely to ride out the storm from U.S. oil sanctions, suffering recession but no economic meltdown, thanks to rising crude prices and deepening divisions between the United States Continue Reading
The U.S. sanctions on Iran are not biting yet, as global oil markets are well supplied. In the coming weeks, Iranian crude volumes should show a decline. At the same Continue Reading
A general view of an oil dock is seen from a ship at the port of Kalantari in the city of Chabahar, 300km (186 miles) east of the Strait of Continue Reading
Saudi Arabia and Russia need to cut oil output, a top Iranian official said on Wednesday, adding that extra supply from the two countries had caused a slide in prices Continue Reading
The United States on Monday re-imposed sanctions against Iran’s oil exports to punish Tehran for its involvement in several Middle Eastern conflicts. Washington had been pushing governments to cut imports Continue Reading
In anticipation of the U.S. sanctions against Iranian oil exports, which were reimposed by the Trump Administration on Monday (along with additional sanctions on everything from Iranian shipping to banking Continue Reading
“Russia is playing on all sides,” said Helima Croft, chief commodities strategist at Canadian broker RBC. Russia counts Iran as a key ally in its widened geopolitical role in post-civil Continue Reading
Iran said on Tuesday it had so far been able to sell as much oil as it needs despite U.S. pressure, but it urged European countries opposed to U.S. sanctions Continue Reading
Iran’s oil minister said on Tuesday that U.S. sanctions on Iranian crude exports mean difficult days for oil consumers worldwide, adding that waivers issued by Washington to eight importing countries Continue Reading
India’s oil imports from Iran in 2018-19 could be higher than the previous year despite the imposition of U.S. sanctions, a Reuters analysis of industry data shows, forcing the government Continue Reading
The United States government is preparing more sanctions against Iran, national security adviser John Bolton told Fox Business News, commenting on what the current sanctions have already helped Washington accomplish, Continue Reading
Iran is calling on OPEC to have its two committees set up to monitor compliance with the OPEC+ deal and review the state of the oil market stop working immediately, Continue Reading
As Iran sanctions went into effect today following President Donald Trump’s withdrawal from the nuclear accord, Washington has agreed to grant Iraq a key exemption that would spare it from Continue Reading
The Trump administration has dropped the hammer, officially putting sanctions on Iran’s oil exports. Why, then, might Iran’s oil exports actually increase in the near future? The U.S. granted waivers Continue Reading
The United States on Monday restored sanctions targeting Iran’s oil, banking and transportation sectors and threatened more action to stop its “outlaw” policies, steps the Islamic Republic called economic warfare Continue Reading
India’s top banker State Bank of India, which was handling most of the payments to Iran for oil purchases, is now complying with the U.S. sanctions against Tehran, its chairman Continue Reading
The new sanctions will deliver an unmistakable message to Tehran: Change your ways or suffer the consequences. The Obama administration’s deal with Iran failed to curb Tehran’s egregious misconduct and Continue Reading
The United States has decided to issue temporary allotments to China, India, Italy, Greece, Japan, South Korea, Taiwan, and Turkey to continue importing Iranian oil, due to the specific countries’ Continue Reading
Iran posted higher-than-expected oil shipments in October signaling its last hurrah before US sanctions come into effect this week, underscoring the looming supply risk and the importance of exemptions to Continue Reading
Iran’s oil exports have fallen sharply since U.S. President Donald Trump said at mid-year he would re-impose sanctions on Tehran, but with waivers in hand the Islamic republic’s major buyers Continue Reading
Iran has been able to sell as much oil as it needs despite U.S. pressure, Iranian Vice President Eshaq Jahangiri was quoted as saying on Tuesday. Iranian Vice President Eshaq Continue Reading
A U.S. waiver to sanctions on Iran allows China to buy 360,000 barrels per day (bpd) of oil from the Islamic Republic for 180 days, two sources familiar with the Continue Reading
“Unfair sanctions are against the law, U.N. resolutions and international accords. Therefore, we will proudly break the sanctions,” Mr. Rouhani said. “It’s not going to work out only through words,” Continue Reading
The United States said on Friday it will temporarily allow eight importers to keep buying Iranian oil when it re-imposes sanctions on Monday to try to force Iran to curb Continue Reading
Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Share Save Save to myFT Najmeh Bozorgmehr in Tehran 11 HOURS AGO Continue Reading
The United States re-introduced sanctions against Iranian oil exports on Monday, although it also gave some of its closest allies exemptions that will allow Tehran’s biggest customers, mostly in Asia, Continue Reading
1. Energy, shipping and finance are off limits The measures, timed to take effect after the stroke of midnight on Nov. 5, notably target Iran’s oil, port operators, shipping and Continue Reading
European governments are locked in negotiations over a special purpose vehicle to safeguard trade with Iran as they prepare for a long-awaited US crackdown on Tehran’s oil and finance sectors Continue Reading
The United States said on Friday it will temporarily allow eight importers to keep buying Iranian oil when it reimposes sanctions on Monday to try to force Iran to curb Continue Reading
Nearly 40 years after the 1979 Islamic revolution saw the exit of Western oil companies from Iran, the Iranian oil sector faces yet another costly disruption after a series of Continue Reading
Russian state-owned oil producer Zarubezhneft has pulled out of projects in Iran because of looming U.S. sanctions, two sources at the company told Reuters on Friday. The National Iranian Oil Continue Reading
Turkey has been told it will receive a waiver on U.S. sanctions against Iranian oil sales, Turkish Energy Minister Fatih Donmez said on Friday. The restoration of sanctions is part Continue Reading
The U.S. believes that global oil supplies will exceed demand next year making it easier for countries to cut Iranian oil imports to zero, a senior U.S. official said on Continue Reading
Iran said on Friday it had no concerns over the reimposition of new U.S. sanctions on the country’s vital oil and financial sectors, expected to be announced by Washington on Continue Reading
Unlike the global support for the Obama administration’s sanctions, broad opposition to the U.S. policy, including from allies, is expected to make that task much harder. Still, the Trump administration Continue Reading
The Trump administration announced on Friday it is exempting eight countries from bruising sanctions that the United States is reimposing against Iran, undercutting its economic punishment for what officials called Continue Reading
The prospects of Indian refiners cutting their intake of Iranian crude oil to zero are unrealistic, the chairman of Indian Oil Corp. told S&P Global Platts in an exclusive interview Continue Reading
Highlights Iran’s biggest oil customer may be “too big to sanction” China may reduce, but not dramatically cut imports Sanctions compliance could be “bargaining chip” in trade talks Washington — Continue Reading
The US on Monday will issue temporary sanctions waivers allowing eight countries to keep importing Iranian oil, but two countries have agreed to end those deals within months while the Continue Reading
China’s crude oil imports from Iran in September fell sharply from the same month last year in a sign that China has curbed its purchases from the Islamic republic as Continue Reading
“Iran’s ability to turn its tankers truly into ghost-ships will be more limited,” said Richard Nephew, former deputy coordinator for sanctions policy at the U.S. State Department. On a typical Continue Reading
Those energy analysts who are not yet bored to death with the whole Iran business must be having a field day making forecast after forecast about how many barrels the Continue Reading
China’s imports of Iranian crude dropped in September both compared to the same month last year and to August, while crude oil imports from the U.S. doubled year-on-year in September Continue Reading
