India Gets Much Needed Iran Sanction Waiver From U.S.
Washington has granted India a waiver from the sanctions against Iran that snap back this Monday, the Economic Times reports , noting the waiver was secured after India agreed to Continue Reading
U.S. grants eight countries Iran sanctions waivers: Bloomberg
The U.S. government has agreed to let eight countries, including close allies South Korea and Japan, as well as India, keep buying Iranian oil after it reimposes sanctions on Tehran Continue Reading
Trump: There’s Enough Oil To Offset Iran Loss
President Donald Trump has determined there was enough crude oil and oil products supply globally to offset any loss of supply from Iran after U.S. sanctions enter into force next Continue Reading
Europeans Eye Sanctions on Iran Over Covert Activities
The allegations are forcing EU leaders to confront a dilemma they have tiptoed around: how to protect the nuclear accord while countering Iranian actions—a balancing act they have struggled to Continue Reading
Iraq To Stop Oil Exports To Iran In Compliance With U.S. Sanctions
With a week to go until U.S. sanctions on Iran’s oil snap back, it’s not only Iranian crude exports that the United States looks to cut. Iran’s neighbor Iraq currently Continue Reading
Will Iran’s Oil Exports Fall To Zero?
The deadline for implementation of U.S. sanctions on Iran is just days away, and the Trump administration is having second thoughts about how hard to press the Islamic Republic. More Continue Reading
Can Russia Relieve The Iranian Oil Crisis?
Charles de Gaulle once said: “no nation has friends, only interests.” Cooperation between Russia and Iran has been increasing over the years. The countries are drifting towards each other due Continue Reading
Trump’s sanctions on Iran tested by oil-thirsty China, India
Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them Continue Reading
Iraq Expects Exemption From U.S. Sanctions Against Iran
Iraq should be exempted from U.S. sanctions against Iran because of the heavy reliance of the former on the latter for gas and electricity supplies, a senior Iraqi official told Continue Reading
Iran Sells First 280,000 Barrels Of Crude On Exchange
A little over a quarter of a one-million-barrel offering of Iranian crude on the local energy exchange found buyers in the first day of trading, IRNA reports , as Iran Continue Reading
Rouhani Replaces Key Economic Officials Ahead Of Sanctions
Iran’s president Hassan Rouhani has replaced several senior economic officials a week before U.S. sanctions against Tehran come into effect, Sputnik reports , citing a statement by Rouhani from Sunday. Continue Reading
Iran’s Worst Nightmare Is Coming True
In what must seem like a nightmare scenario for Iran, not only is another U.S. president leveling sanctions against its economy, and particularly that economy’s lifeblood, its oil sector, but Continue Reading
EU Struggles To Create Iran Oil Trade Payment Vehicle
Although the European Union (EU) has vowed to create a special purpose vehicle to continue trade with Iran after the U.S. sanctions on Tehran’s oil return next week, the bloc Continue Reading
Iran starts oil sales to private exporters to beat U.S. sanctions
Iran began selling crude oil to private companies for export on Sunday, part of a strategy to counter U.S. sanctions which come into effect on Nov. 4 and aim to Continue Reading
Trump’s Iran sanctions resolve faces test from oil-thirsty China, India
Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them Continue Reading
Iran starts oil sales to private exporters to beat U.S. sanctions
Iran began selling crude oil to private companies for export on Sunday, part of a strategy to counter U.S. sanctions which come into effect on Nov. 4 and aim to Continue Reading
Iranian Port Project Poses a Dilemma for U.S.
Those measures aim to punish Iran for what the U.S. sees as unacceptable behavior in Syria, Lebanon, Yemen and elsewhere. They follow the Trump administration’s decision this year to withdraw Continue Reading
Trump Admin May Stun Iran Oil Waiver Seekers
The oil market could be in for a surprise when U.S. sanctions on Iranian crude exports are implemented in 10 days. (Bloomberg) — The oil market could be in for Continue Reading
Iranian fuel oil exports decline in Oct ahead of US sanctions: sources
Fuel oil supply from Iran is expected to decline to below 1 million mt in October from the usual 1.2 million-1.4 million mt a month, ahead of the US sanctions Continue Reading
Rosneft CEO: Iran Sanctions Could Hurt European Economy
Europe’s economy could suffer from the refusal of European companies to work with Iran under pressure from the U.S. sanctions on Tehran, Rosneft’s chief executive Igor Sechin said at the Continue Reading
Top Chinese Refiners Not Booking Iranian Oil For November
China’s largest refiners, state-held Sinopec and China National Petroleum Corporation (CNPC), haven’t booked any crude oil cargoes from Iran for November due to fears that in doing so, they would Continue Reading
Iran’s oil minister says U.S. sanctions cannot stop crude exports
The United States cannot stop Iranian oil exports by imposing sanctions on Tehran, Iran’s oil minister said on Tuesday, warning that such restrictions will ensure the market remains volatile. Washington Continue Reading
Think Tank: India Can Do Without Iranian Oil Imports
India can probably do without importing Iranian crude oil, the chairman of a Switzerland-based think tank told Times of India on Tuesday, but warned that the trade wars and tariffs Continue Reading
Saudi, Russian oil output unable to compensate for Iranian crude: Zanganeh
Iranian oil output cannot be replaced by other oil-producing countries if Tehran is hit by sanctions by the United States in November, Iranian Oil Minister Bijan Zanganeh told the Ministry’s Continue Reading
Mnuchin: Washington Will Insist On At Least 20% Iran Oil Import Cuts
U.S. Treasury Secretary Steven Mnuchin warned this weekend that countries importing Iranian crude that want to continue importing it will need to reduce their intake of Iranian crude by more Continue Reading
Iran’s oil minister says U.S. sanctions cannot stop crude exports
The United States cannot stop Iranian oil exports by imposing sanctions on Tehran, Iran’s oil minister said on Tuesday, warning that such restrictions will ensure the market remains volatile. Washington Continue Reading
With few buyers, Iranian oil armada heads to China ahead of U.S. sanctions
An unprecedented volume of Iranian crude oil is set to arrive at China’s northeast Dalian port this month and in early November before U.S. sanctions on Iran take effect, according Continue Reading
Iran Sends Record Amount Of Oil To China
Tankers carrying some 22 million barrels of Iranian crude are on their way to the Chinese port of Dalian, Reuters reports , citing ship-tracking data, and noting this is a Continue Reading
The Oil Keeps Flowing: Iran Evades U.S. Sanctions
U.S. sanctions on Iran take effect in a little over two weeks, and the Trump administration has already had quite a bit of success in knocking Iranian supply offline. But, Continue Reading
Iran calls U.S. efforts to cut its oil exports to zero ‘political bluff’
Statements by the United States that it would reduce Iran’s oil exports to zero are a “political bluff”, the head of state-run National Iranian Oil Company (NIOC) said, according to Continue Reading
Chinese companies said to be planning a $2B refinery in Iran
Chinese companies have offered to invest $2 billion to build a refinery in a northern region of Iran located in the southern shores of the Caspian Sea, according to an Continue Reading
High Prices Benefit Iran Despite Lost Oil Exports
Iran is raking in more cash from oil exports thanks to higher prices despite the decline in amount of oil exported, the country’s Vice President Eshaq Jahagiri told Iranian media, Continue Reading
Refinery Official Sees India Getting U.S. Waiver For Iran Oil Imports
Mangalore Refinery and Petrochemicals, a subsidiary of India’s Oil and Natural Gas Corporation (ONGC), expects India to receive this month a waiver from the U.S. sanctions on Iranian oil, Mangalore’s Continue Reading
Analysis: India crafts alternative crude buying strategy amid Iran vacuum
India will be looking to ship in more crude oil from Saudi Arabia and the United Arab Emirates to fill part of the vacuum created by reduced appetite for supplies Continue Reading
Iran says Trump cannot bring oil prices down by ‘bullying’
U.S. President Donald Trump cannot bring oil prices down by “bullying” other nations, Iran’s oil minister said on Tuesday, adding that the market was suffering from short supply. U.S. sanctions Continue Reading
Iran says oil exports, production holding up despite looming sanctions
Highlights NIOC head says output will depend on sales Bourse base price set at $79.15/b Zanganeh says sanctions to lead to oil shortage Tehran — Iran’s oil exports have only Continue Reading
Russian, Iranian energy ministers discuss bilateral, OPEC cooperation
Russian energy minister Alexander Novak discussed bilateral and OPEC+ cooperation with Iranian oil minister Bijan Zanganeh, according to a statement released by the Russian energy ministry late Monday. Receive daily Continue Reading
Iran’s New Gray Area Oil Trade Strategy
Iran is resurrecting its stock exchange, last used four years ago, to sell one million barrels of crude, the National Iranian Oil Company said in a statement quoted by S&P Continue Reading
South Korea’s Sept imports of Iran oil fall to zero ahead of U.S. sanctions
SEOUL (Reuters) – South Korea did not imported any oil from Iran in September for the first time in six years, before U.S. sanctions against the Middle East country take Continue Reading
India Yet To Figure Out Way To Pay for Iranian Oil Imports
India hasn’t worked out yet a payment system for continued purchases of crude oil from Iran, Subhash Chandra Garg, economic affairs secretary at India’s finance ministry, said on Friday. India’s Continue Reading
India’s Iranian Oil Imports Inch Up In September
India imported 528,000 bpd of Iranian oil in September, up by 1 percent from August, due to delays of some August cargoes until Indian refiners received the government nod to Continue Reading
IMF: U.S. Sanctions Drive Iran’s Economy Into Recession
Iran’s economy is expected to shrink by 1.5 percent in 2018 and by another 3.6 percent in 2019, the International Monetary Fund (IMF) said in the October update of its Continue Reading
Iran gets creative to beat sanctions and keep oil flowing
When Donald Trump’s sanctions hit Iran’s oil exports next month, the Islamic republic will not just scramble to find alternative revenues to provide an 80m-strong population with medicine and other Continue Reading
Goldman: The Oil Market Can Handle Iran Outages
At least two companies in India have lined up oil shipments for November, the month that sanctions on Iran take effect. The 9 million barrels of oil secured for next Continue Reading
A New Era Of Geopolitical Risk In Global Oil Markets
Amid never ending talk and speculation over how many more barrels of Iranian oil will be removed from global markets once sanctions slated to hit Iran’s oil production on November Continue Reading
India ups pressure for Iran sanctions relief while US sticks to hard line
India appears confident that it will be able to keep importing Iranian oil this fall despite US sanctions, signaling that high-stakes negotiations between the two countries will continue up until Continue Reading
Rocked by Trump’s sanctions, Iranian oil exports drops further
Iran’s crude exports fell further in the first week of October, according to tanker data and an industry source, taking a major hit from U.S. sanctions and throwing a challenge Continue Reading
Tehran says Saudi Arabia unable to replace lost Iranian oil
Iran’s Oil Minister Bijan Zanganeh has dismissed as “nonsense” claims by the Saudi crown prince that Saudi Arabia can replace sanctions-hit Iranian oil in the market. “(Mohammed) bin Salman’s remarks Continue Reading
U.S. could issue waivers for Iran crude; oil prices dip Monday
Oil prices were down Monday morning on reports that the United States could issue waivers for countries to continue importing Iranian crude. Brent prices were down more than 50 cents Continue Reading
Iran moves against banking isolation as it faces crude oil sanctions
Iran took a step to combat banking isolation that could hamper any future dealings with nations that currently buy its oil, the country’s state agency reported. The moves come as Continue Reading