Candidates in Iran’s presidential elections have always been strictly vetted, and those deemed insufficiently loyal to the Islamic Revolution were disqualified. Within those limits, contenders held differing views on easing Continue Reading
Bharat Petroleum Corporation Limited (BPCL), a state-controlled Indian refiner, could resume buying crude from Iran once U.S. sanctions are lifted, but it would only do so if the Islamic Republic Continue Reading
Iran is banning electricity-sapping cryptocurrency mining until the end of September as it grapples with power blackouts amid electricity scarcity. Even before the peak summer electricity demand season, Iran has Continue Reading
If the ongoing talks about the U.S. and Iran returning to the nuclear deal result in an agreement, it will be in August at the earliest that Iranian barrels will Continue Reading
The Arab Gulf oil producers are expected to slash their combined government deficits to some $80 billion this year from $143 billion last year, thanks to higher oil prices, reopening Continue Reading
Iran on Tuesday announced a list of mostly conservative or hard-line candidates for next month’s presidential election, after several moderate politicians were barred from running. Iran’s Guardian Council, which approves Continue Reading
Iran may have some 69 million barrels of oil in floating storage waiting on tankers to travel to buyers when U.S. sanctions on its crude oil exports are removed, estimates Continue Reading
April oil production was 3.39 million b/d Domestic crude 13% higher than earlier estimate Iraq has busted its quota since February Iraq, OPEC’s second largest producer, has revised upward its Continue Reading
The head of the UN’s nuclear watchdog has warned that Iran is enriching uranium at purity levels that “only countries making bombs are reaching”. Rafael Grossi, the director-general of the International Continue Reading
Some $150 billion in oil revenues has been stolen and smuggled out of Iran since the fall of Saddam Hussain in 2003, the president of Iraq said, as quoted by Continue Reading
