Iran hopes that the special purpose vehicle that would allow the European Union (EU) to continue buying Iranian oil amid the U.S. sanctions will become operational by the end of Continue Reading
Saudi Arabia’s energy minister said he wasn’t confident OPEC would reach a deal on Friday to cut oil output as sources said the producer group’s leader had yet to agree Continue Reading
Iran will seek an exemption from OPEC proposals to cut production, adding that the group of oil producers is close to securing an agreement as talks begin in Vienna, the Continue Reading
China’s Iranian oil imports are set to rebound in December after two state-owned refiners in the world’s largest oil importer began using the nation’s waiver from U.S. sanctions on Iran, Continue Reading
Japanese and South Korean refiners have so far resisted loading Iranian oil for January despite US waivers allowing them to restart the trades amid a lack of clarity over rules Continue Reading
Iraq, OPEC’s second-largest oil producer and one of Iran’s largest trade partners might come to enjoy even longer sanction waivers from Washington than the eight countries that scored a 180-day Continue Reading
Improvised explosive devices (IED) were found in the vicinity of two oil fields in southern Iraq this week, a discovery that occurred in conjunction with a shooting at another oil Continue Reading
The U.S. government confirmed that Saudi Energy Minister Khalid al-Falih met with U.S. special representative for Iran Brian Hook in Vienna on Wednesday, contradicting a Saudi denial that the talks Continue Reading
OPEC’s meeting this Thursday in Vienna may not lead to an agreement to start reducing production, Iran’s OPEC governor said, as quoted by S&P Global Platts. Hossein Kazempour Ardebili said Continue Reading
Quitting OPEC the week of one of its most intensely watched meetings was not meant to be a slap in the face to the organization, nor a statement against geopolitical Continue Reading
