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
The Trump administration is working to provide alternative sources of oil to American allies that will be affected because of US sanctions on Iran, according to a senior administration official. Continue Reading
Iran’s oil exports started to fall noticeably in August as key customers in Asia began to curtail oil purchases to either comply with the U.S. efforts to bring Iranian exports Continue Reading
Iran’s LPG shipments loaded, or due for lifting, in September dipped to 356,000 mt ahead of new US sanctions in November, after hitting 568,000 mt last month, the highest since Continue Reading
Japanese refiners have temporarily suspended Iranian oil loadings ahead of US sanctions, while they are also closely monitoring government talks with Washington on securing a waiver to continue their imports, Continue Reading
Iranian Oil Minister Bijan Zanganeh will not attend this month’s meeting of OPEC and non-OPEC states in Algeria, a ministry spokesman said on Tuesday. “Zanganeh will not attend the meeting Continue Reading
Oil prices were up early on Tuesday morning amid reports that Saudi Arabia would be comfortable letting oil prices rise above $80 a barrel and OPEC may not be rushing Continue Reading
“This is unproductive, this is wrong,” Russia’s Energy Minister Alexander Novak recently said about the U.S. sanctions on Iran, indicating that Moscow will continue to back its ally in the Continue Reading
Painful sanctions on Iran have demonstrated the long reach of the U.S. Treasury, forcing much of the globe to fall in line and cut oil imports from Iran despite widespread Continue Reading
In July, Saudi Arabia saw its highest crude oil stocks draw in eight months at 5.51 million barrels, after the Kingdom unexpectedly reduced its production compared to June while it Continue Reading
