Iran: Saudis Aren’t Replacing Our Oil Exports
The market will never buy Saudi Arabia’s claim that it has been compensating for the loss of Iran’s oil exports, Iranian Oil Minister Bijan Zanganeh said on Monday, adding that Continue Reading
Iran’s Crude Exports Plunge To 1.1 Million Bpd
Iran’s crude oil exports plunged to 1.1 million bpd in the first seven days of October, sliding further down from 1.6 million bpd in September as we are just four Continue Reading
Iran Reports 46% Drop In Condensate Exports
Iran’s condensate exports fell by 46 percent over the first six months of the Iranian year, from March to September, local news agency Isna reported , citing customs data. Quoting Continue Reading
Iranian tanker discharges oil into storage in China ahead of U.S. sanctions
A vessel carrying 2 million barrels of Iranian oil discharged the crude into a bonded storage tank at the port of Dalian in northeast China on Monday, according to Refinitiv Continue Reading
U.S. grants BP, Serica license to run Iran-owned North Sea field
The United States has granted BP and Serica Energy a new license to run a North Sea gas field partly owned by Iran in a rare exemption by U.S. President Continue Reading
Analysis: Iran’s oil exports slip but ‘ghost’ shipments start to surface
Iranian oil exports dropped to a new low in September ahead of looming US sanctions, but some shipments not visible through vessel-tracking data are thought to be taking place. VLCCs Continue Reading
U.S. actively considering waivers on Iran oil sanctions
The United States is “in the midst of an internal process” of considering sanctions waivers for countries that are reducing their imports of Iranian oil, a U.S. government official said Continue Reading
U.S. Sanctions Hit Iran’s Plan to Tap Giant Gas Trove
Iranian natural gas sales are also prohibited under the sanctions, which could scuttle Tehran’s ambition to boost exports of the commodity. Iran holds the second-largest natural-gas reserves in the world. Continue Reading
Iran says Saudi Arabia, Russia violated OPEC deal on output cuts
Iran accused Saudi Arabia and Russia on Wednesday of breaking OPEC’s agreement on output cuts by producing more crude, adding that the two countries would not be able to produce Continue Reading
As oil prices rise, US locks in on Iran sanctions
Rising global oil prices will not deter the Trump administration from pushing sanctions forward on Iranian crude exports in November, several analysts told S&P Global Platts Tuesday. Receive daily email Continue Reading
Iran oil minister reiterates Trump to blame for rising crude prices
Iran’s oil minister reiterated on Tuesday that U.S. President Donald Trump was responsible for rising oil prices, and warned that the only way to bring balance to the market was Continue Reading
Iran To Build Power Plant In Syria
Iran and Syria signed on Tuesday a memorandum of understanding under which Iran will build a power plant in Syria’s coastal city of Latakia in a project worth US$475 million Continue Reading
Iran has no plans to cut oil output: national oil company boss
Iran has no plans to cut oil production, the head of the state-run National Iranian Oil Company (NIOC), Ali Kardor, said on Monday, according to the Tasnim news agency. The Continue Reading
Iran To Offer Oil For Export Via Its Stock Exchange
Iran plans to start offering oil for exports via its national stock exchange as early as next week, the Islamic Republic News Agency (IRNA) reported on Monday, quoting the head Continue Reading
Iran has no plans to reduce oil output: National Iranian Oil Company boss
Iran has no plans to reduce oil production, the head of the state-run National Iranian Oil Company, Ali Kardor, said on Monday, according to the Tasnim news agency. The United Continue Reading
China’s Sinopec halves Iran oil loadings under U.S. pressure: sources
China’s Sinopec Corp is halving loadings of crude oil from Iran this month, as the state refiner comes under intense pressure from Washington to comply with a U.S. ban on Continue Reading
Oil Market Shocked As China’s Top Refiner Halves Iranian Oil Imports
China’s top refiner Sinopec is halving its oil imports from Iran as of September, bowing to pressure from the United States, which is seeking to bring Iranian oil exports down Continue Reading
Iran close to accepting global financial rules as sanctions press
Iran is moving closer to accepting international rules on combating financial crime as the authorities struggle to keep banking channels open for oil exports in the face of crippling US Continue Reading
Iranian Revolutionary Guards warns Saudi Arabia, UAE to respect its ‘red lines’
Iran’s Revolutionary Guards (IRGC) told Saudi Arabia and the United Arab Emirates on Friday to respect Tehran’s “red lines” or face retaliation, as the United States and its Gulf allies Continue Reading
The Biggest Wildcard In The Iran Sanctions Saga
In the last 24 hours there have been two fascinating media reports about the Iran sanctions: one is a Bloomberg story saying Indian refiners will not buy any Iranian crude Continue Reading
Will Iran become the next Venezuela?
Truck drivers from the Zarandiyeh steel mill striking. ( Iran’s truckers are on strike for the second time this year, the Middle East Monitor reported yesterday , protesting inflationary insurance Continue Reading
Saudi Arabia Just Made An Unconventional Move To Replace Iran’s Condensate Sales
Amid a growing number of buyers fleeing Iranian crude oil and condensate purchases ahead of the U.S. sanctions, Iran’s fellow OPEC member and regional arch foe Saudi Arabia is offering Continue Reading
Bolton: U.S. Will Be “Aggressive and Unwavering” On Iran Oil Sanctions
The United States will be “aggressive and unwavering” in enforcing the sanctions on Iran and won’t let those sanctions be evaded by the European Union or anyone else, U.S. national Continue Reading
Major Crude Buyer Increasing US Purchases
After South Korea became the first of Iran’s major oil customers to reduce imports to zero under American pressure, the nation’s biggest refiner is seeking alternative supplies to fill the Continue Reading
Trump takes hard line on Iran, fueling SPR oil sale speculation
Highlights Administration working to ensure ‘well-supplied’ oil market SPR release may address OPEC supply concerns, elections worries Sources believe SPR action may be unprecedented Washington — US President Donald Trump Continue Reading
Vitol to halt business with Iran after U.S. sanctions start: executive
Energy trader Vitol will stop doing business with Iran after the United States re-imposes sanctions on Tehran’s oil trade from Nov. 4, a senior company executive said on Tuesday. “Business Continue Reading
Has Iran Started To Switch Off Oil Tanker Tracking Systems?
With U.S. sanctions on Iran’s oil exports just six weeks away, at least ten Iranian oil supertankers have gone dark, not having broadcast any signal for at least a week, Continue Reading
Fuel Supplies Tight As Oil Truck Drivers Go On Strike In Iran
Oil truck drivers in Iran have started a new strike demanding improved working conditions, and the industrial action has resulted in large lines forming at gasoline stations in Iran, The Continue Reading
Iran says Trump should stop interfering in Middle East if he wants cheap oil
U.S. President Donald Trump should stop interfering in the Middle East if he wants the price of oil to stop rising, Iranian Oil Minister Bijan Zanganeh was quoted as saying Continue Reading
Column: Looming loss of Iranian crude is latest in a long line of disruptions
If there was any hope of an early resolution to the reanimated dispute between the United States and Iran, it was extinguished by the testy exchanges between the countries’ leaders Continue Reading
How The EU Is Helping Iran Skirt Sanctions
At the UN General Assembly on Tuesday, U.S. President Donald Trump was laughed at by global leaders when he boasted about his accomplishments. He may feel insulted by the reception Continue Reading
Iran says oil to rise as Saudi, Russia do ‘little and late’
Saudi Arabia and Russia won’t add significantly more oil to the market because of a lack of capacity, a top Iranian official said on Monday, predicting prices will probably rise Continue Reading
Rouhani warns U.S. on sanctions, does not rule out talks
Iranian President Hassan Rouhani on Monday warned the United States against pursuing hostile policies toward Tehran, saying preventing Iran from exporting oil would be “very dangerous”, though he did not Continue Reading
Europe Hopes Oil Demand From China, India and Turkey Will Keep Iran in Nuclear Deal
But Western officials say that the impact of any European measures is likely to be modest and that Tehran’s decision to stay in the pact after U.S. sanctions fully kick Continue Reading
Iran warns U.S., Israel of revenge after parade attack
The deputy head of Iran’s Revolutionary Guards warned U.S. and Israeli leaders on Monday to expect a “devastating” response from Tehran, accusing them of involvement in an attack on a Continue Reading
Iran Seethes at Saudi Arabia, West After Deadly Terror Attack
Iranian officials blame Saudi Arabia for training and funding the separatist group. Saudi officials haven’t commented on the attack and didn’t respond to questions seeking comment. Late Saturday, Iran’s foreign Continue Reading
Rouhani says Iran ready to confront U.S. after military parade attack
President Hassan Rouhani said on Sunday Iran was ready to confront the United States and its Gulf Arab allies, a day after an attack on an Iranian military parade killed Continue Reading
South Korea has bought no Iranian crude oil for about three months: SHANA
South Korea has bought no Iranian crude oil for about three months after the reimposition of U.S. sanctions on Tehran, a spokesman for the Iranian oil ministry was quoted as Continue Reading
Iran accuses US of ‘starting a war’ in fight over sanctions
Iran’s president Hassan Rouhani has accused the US of “starting a war” against the Islamic system as he prepared to visit New York in a bid to rally the UN Continue Reading
Iran Starts Air Force Drills Near The World’s Crucial Oil Chokepoint
Iran’s Air Force and the Islamic Revolution Guards Corps began on Friday fighter jet drills over the waters near the world’s most important oil chokepoint, the Strait of Hormuz, Iran’s Continue Reading
Gunmen kill 24, including 12 Revolutionary Guards, in attack on Iran military parade: ISNA
Gunmen fired on a military parade in southwestern Iran on Saturday, killing 24 people, half of them members of the Revolutionary Guards, state news agencies reported, in one of the Continue Reading
Revolutionary guards killed in attack on Iran military parade
At least 10 people have been killed, including members of Iran’s elite Revolutionary Guards, and at least 21 people wounded after militants opened fire on a military parade in the Continue Reading
Iran sends out ghost tankers as US oil sanctions loom
A supertanker called Happiness is carrying 2m barrels of trouble for Iran. The crude vessel filled up at a terminal operated by Iran’s national oil company on Kharg Island at Continue Reading
Japanese Refiners Stop Buying Iran Oil Ahead Of Sanctions
Japanese refiners have stopped buying Iranian crude ahead of the November 4 deadline set by Washington to all countries doing business with Iran before economic sanctions return. Reuters quoted today Continue Reading
Iran: We Won’t Let OPEC Boost Production
We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! Continue Reading
Iran dismisses U.S. offer of talks, says Washington broke last deal
Iran hit back at a U.S. offer of negotiations on Thursday, saying Washington had violated the terms of the last big deal they agreed, the 2015 nuclear accord. U.S. President Continue Reading
Indian oil refiner part-owned by Iranian company cancels Iran oil imports
India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources Continue Reading
Ultra Light Texas Oil Could Replace Iran’s Sales To Asia
U.S. producers of ultra-light condensate have the opportunity to gain a market share in a tightening Asian condensate market, which is expected to further tighten with the return of the Continue Reading
Iranian Hackers Step Up Attacks On Energy Firms
Iranian cybercrime group APT33 has stepped up its attacks on a variety of companies in the Persian Gulf, including energy firms, The National reports , citing research from security company Continue Reading
Japan’s oil refiners temporarily halt Iranian loadings on sanctions threat: PAJ
Japanese oil refiners have temporarily halted Iranian oil loadings ahead of U.S. sanctions and are buying alternatives as it remains unclear whether Japan will receive an exemption, the head of Continue Reading