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
