A consortium of Russian and Iranian companies signed an agreement with Tehran to develop two oilfields located on the country’s border with Iraq, according to emerging reports —Iran’s second deal Continue Reading
President Donald Trump sacked Secretary of State Rex Tillerson via Twitter on Tuesday, replacing him with current CIA Director Mike Pompeo. The move has some grim implications for the U.S.’ Continue Reading
Iranian oil minister Bijan Zanganeh said OPEC could agree in June to begin easing current oil production curbs in 2019, the Wall Street Journal reported on Sunday. Zanganeh also told Continue Reading
Iran’s crude and condensate exports are set to fall to a two-year low this month as loadings for its main Asian buyers will tumble by one-third from the previous month, Continue Reading
Iran’s oil-and-gas industry was supposed to take off after the nuclear deal. Instead, one of the world’s largest energy sectors is languishing. International oil companies are staying on the sidelines Continue Reading
The government of Iran imposed new restrictions on the use of the US dollar in the country. The use of the US dollar for import operations in the Islamic Republic Continue Reading
An Iraqi-Iranian oil swap deal under which Iraq would truck 60,000 bpd of Kirkuk oil to Iran in exchange for Iranian oil to southern Iraq cannot be currently fully implemented Continue Reading
“Iran is rich in oil and natural gas resources. It is ready to share the natural resources with India for its development and progress,” Indian media quoted Rouhani as saying Continue Reading
Oil production from the West Karoun oilfields in southwest Iran nearly doubled in the past year, oil minister Bijan Zanganeh said in an interview broadcast live on state TV Saturday. Continue Reading
In recent years, Tehran has mainly been covered in yellow smog during the winter months, but it was blanketed in snow on Sunday. Some had started praying for rain. Others Continue Reading
The Iranian nuclear deal that Tehran and the world powers signed in 2015 and that led to the lifting of restrictions on Iran’s crude oil exports is “ absolutely not Continue Reading
This exclusive account of 14 days of unrest in Iran reveals at least 213 anti-government protests and 34 pro-regime rallies across 90 cities. The protests were fueled by working-class grievances, Continue Reading
The oil slick spreading from the site of the sunken Iranian oil tanker Sanchi is getting bigger and moving north, Chinese maritime authorities said. The Chinese State Oceanic Administration said Continue Reading
Russian Foreign Minister Sergei Lavrov said on Monday Moscow will not support attempts by Washington to modify the Iran nuclear deal. Lavrov spoke days after U.S. President Donald Trump said Continue Reading
An Iranian oil tanker has sunk after burning for more than a week following a collision on Jan. 6 in the East China Sea, Chinese state media said on Sunday, Continue Reading
Iran said on Saturday it would retaliate against new sanctions imposed by the United States after President Donald Trump set an ultimatum to fix “disastrous flaws” in a deal curbing Continue Reading
Sanchi oil spill covers 4 square miles and is still burning Authorities collecting data from spill area to assess impact The oil tanker on fire after a collision on Jan. Continue Reading
The Trump administration extended sanctions relief under the landmark 2015 Iran nuclear agreement, keeping the deal intact for at least another several months, but said it would issue no more Continue Reading
WASHINGTON — President Trump again stopped short of reimposing punitive sanctions on Iran that could break up its nuclear deal with world powers, the White House said on Friday. But Continue Reading
Waivers of U.S. sanctions targeting oil exports up for renewal Trump’s scorn for Iran nuclear deal damping energy investment World oil markets are about to get a clearer idea of Continue Reading
Jitters ahead of President Trump’s decision on oil-related sanctions for Iran and high global demand pushed oil prices ever close to $70 per barrel on Thursday. Crude oil prices are Continue Reading
Gas prices might get to $3 per gallon and the current rally in oil prices will kick into overdrive if Trump denies a waiver on Iranian sanctions, experts said. U.S. Continue Reading
Oil prices hit a fresh three-year high on Thursday ahead of a U.S. decision on whether to extend temporary waivers on sanctions against Iran . Light, sweet crude for February Continue Reading
U.S. President Donald Trump will extend sanctions relief granted to Iran under its 2015 nuclear deal with the United States and other world powers, leaving the accord intact for now, Continue Reading
An Iranian tanker carrying condensate that collided with a Chinese freight ship on Saturday is still burning and could burn for a month, the South Korean Ministry of Oceans and Continue Reading
Donald Trump is being urged by some top advisers not to bring back U.S. economic sanctions on Iran this week, a move by the president that would effectively end a Continue Reading
In a few days, U.S. President Trump may try to re-impose sanctions on Iran , a dramatic step that could heighten tensions between the two countries. Some analysts believe the Continue Reading
Iraq will start exporting oil from the northern Kirkuk fields to Iran before the end of January, Iraqi Oil Minister Jabar al-Luaibi told reporters on Sunday in Baghdad. About 30,000 Continue Reading
All eyes will be on developments in Iran this week, with the US set to decide January 12 whether to issue a waiver suspending sanctions. Street protests have yet to Continue Reading
At this point, the oil market has factored in any risk from the political unrest gripping Iran, one of OPEC’s top producers, analysts said. More than a dozen people were Continue Reading
Oil prices started the year on a high note as some geopolitical tension pushed aside bearish concerns. Both WTI and Brent opened above $60 per barrel for the first time Continue Reading
Antigovernment protests roiled Iran on Tuesday, as the death toll rose to 21 and the nation’s supreme leader blamed foreign enemies for the unrest. But the protests that have spread Continue Reading
Iranian students clashed with riot police during an anti-government protest around the University of Tehran on December 30. A wave of protests in Iran on a scale not seen in Continue Reading
Police have arrested more than 450 protesters in the Iranian capital Tehran over the past three days, the deputy provincial governor said on Tuesday, as a crackdown intensified against anti-government Continue Reading
Iran’s president Hassan Rouhani appealed for calm on Sunday after the country was rocked by the biggest anti-regime protests in a decade. He told protesters they had the right to Continue Reading
Ten people were killed during street protests in Iran on Sunday, state television said on Monday. The nationwide protests have drawn in tens of thousands of people and represent the Continue Reading
An oil pipeline company established decades ago by Israel and Iran, and a new Israeli company that is meant to replace it, can continue to operate secretly, an Israeli parliamentary Continue Reading
Thousands of demonstrators poured on to the streets in cities across Iran on Friday in the biggest protests since the pro-democracy unrest of 2009, as anger over the economy came Continue Reading
State TV showed crowds carrying flags Thousands of pro-government demonstrators are attending rallies in Iran, after two days of anti-government protests. State TV showed crowds of black-clad supporters in the Continue Reading
Iran says its economy is in good shape in the post-sanctions environment, even amid warnings of external pressures. File photo by Maryam Rahmanian/UPI. Dec. 28 (UPI) — The economy for Continue Reading
While facing uncertainties because of external factors, the Iranian economy is expected to pick up the pace, the International Monetary Fund said Monday. “Growth has begun to broaden to the Continue Reading
China National Petroleum Corporation (CNPC) is mulling the taking over of the majority stake in an Iranian gas project from Total if the French company walks out of Iran to Continue Reading
The oil swap deal that Iraq and Iran agreed to last week will run for one year and is subject to renegotiation, Iraq’s Oil Minister, Jabbar al Luaibi told media. Continue Reading
Iraqi Oil Minister Jabar al-Luaibi said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk Continue Reading
Turkish authorities and banks cooperated with Tehran in the development of a scheme aimed at providing Iran with international markets for its gas in exchange for hard currency that was Continue Reading
A small gas field on the edge of the British North Sea could become a litmus test for U.S. policy towards Iran. London-based BP this week agreed to sell to Continue Reading
At the Middle East’s oldest oil refinery, giant, yellow-brick silos that stored Iranian crude and fuel products are mottled by bullet marks from the war with Iraq in the 1980s. Continue Reading
Iran is pushing to retain customers for its oil in Asia, hoping that price reductions will boost the appeal of its crude compared with other Middle Eastern supply even as Continue Reading
Iran’s oil minister said Monday that most members of the Organization of Petroleum Exporting Countries back extensions to a production cut agreement. On Friday, Phil Flynn , a senior market Continue Reading
Iran’s oil minister said on Monday that a majority of OPEC members support extending output cuts but a final decision will be taken at their next meeting on Nov. 30. Continue Reading
