The chances of France’s Total obtaining a U.S. waiver from the returning sanctions on Iran are not good, Total’s chief executive Patrick Pouyanné told the shareholders’ meeting on Friday. “The Continue Reading
Iraq’s crude exports rose nearly 5 percent last month, from 3.62 million barrels per day (bpd) in April to 3.8 million bpd in May, as tanker loading rates increased from Continue Reading
Leaders of China and Iran are expected to meet on the sidelines of the Shanghai Cooperation summit this weekend, which Russian president Vladimir Putin will also attend. The three leaders Continue Reading
Iran started oil swap arrangements with Iraq’s Kirkuk Sunday after resolving logistical issues, the oil ministry news service Shana reported Sunday. Kirkuk oil was unloaded from tanker trucks into tanks Continue Reading
As Opec and Russia prepare to meet in Vienna next month to discuss raising oil output, three strongman leaders will loom over proceedings. Russian president Vladimir Putin, Saudi Arabia’s crown Continue Reading
OPEC members at their next regular meeting in June should prioritize measures aimed at protecting members targeted by sanctions, Iran’s oil minister said. The Iranian government is busy courting European, Continue Reading
Iran is seeking support from fellow OPEC members against the returning U.S. sanctions and wants the issue on the agenda at the Vienna meeting in June, Iranian Oil Minister Bijan Continue Reading
Iran is taking a firm line with its OPEC counterparts that could threaten the current 24-country crude producer alliance, warning members not to take its market share it risks losing Continue Reading
Over the past few weeks, Iran has repeatedly sought (even demanded) EU support to offset renewed U.S. sanctions that will be imposed on the oil producing country. In fact, not Continue Reading
Saudi Arabia, other OPEC states, and non-OPEC allies aim to stick to a global pact on cutting oil supplies until the end of 2018 but are ready to make gradual Continue Reading
