Iran
News
May 05, 2019
Iran’s offshore oil production hasn’t seen any reduction and the country just loaded crude for export, said Hamid Bovard, head of the Iranian Offshore Oil Co.
News
May 05, 2019
Saudi Arabia, the world’s biggest oil exporter, cut June pricing for all crude grades to the U.S. and raised most pricing to other regions.
News
May 03, 2019
Iran’s oil minister warned that OPEC is in danger of collapse as some nations seek to undermine their fellow members, an apparent reference to Saudi Arabia’s pledge to fill the supply gap created by U.S. sanctions on Iranian exports.
News
April 24, 2019
Secretary of State Mike Pompeo proclaimed America’s ability to help offset supply losses when the the U.S. vowed to stop any sales of Iranian crude. Maybe, but it would be a stretch.
News
April 23, 2019
Europe confirmed its efforts to aid Iran after the U.S. tightened all exports of Iranian oil for sanctions.
News
April 22, 2019
As the U.S. ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market.
News
April 22, 2019
Some of the biggest beneficiaries of sanctions aimed at crippling Iran are oil companies on the other side of the world.
News
April 22, 2019
Iran will close the Strait of Hormuz, a waterway vital for global oil shipments, if the country is prevented from using it, a senior military official said on Monday in what appears to be a response to the U.S. plan to end waivers on Iranian oil exports.
News
April 22, 2019
The Trump administration will not renew renew waivers that allow countries to buy Iranian oil without facing U.S. sanctions.
News
April 14, 2019
As Iran struggles to sell 6 MMbbl of oil, only one deal has closed for 35,000 bbls, so far.
News
March 17, 2019
U.S. officials said the global oil market can withstand the removal of all Iranian crude exports this year, a conclusion that could be pivotal in the coming weeks as President Donald Trump weighs whether to end sanctions waivers granted to several nations.
News
March 15, 2019
Uncertainty over U.S. waivers for buyers of Iranian oil is starting to grip the market again, under very different circumstances than when American sanctions were set to go into effect last year.
News
February 10, 2019
As Iran’s Islamic Republic enters a fifth decade, its energy industry has little to celebrate. The country’s crude output has yet to recover to pre-revolution levels and is unlikely to do so for many years, even without U.S. sanctions.
News
January 14, 2019
The U.S. plans to grant no new waivers to buyers of Iranian oil as it intensifies efforts to eliminate the Middle Eastern producer’s exports of crude, a senior official said.
News
January 13, 2019
Italy’s top oil producer and Oman’s energy minister predict the latest oil rebound will stick.
News
December 19, 2018
India will use escrow accounts of five Iranian banks held with UCO Bank to deposit money for oil purchases from the Middle East producer to overcome U.S. sanctions.
News
December 09, 2018
Saudi Arabia’s energy minister emerged from days of heated OPEC talks joking that he wasn’t an easy man to be friends with.
News
December 05, 2018
Saudi Arabia, Russia and other members of the OPEC+ group recommended an oil production cut, defying a Twitter plea from President Donald Trump to keep the taps open, but their meeting didn’t agree on how big any reduction should be.
News
November 23, 2018
Armed with waivers to keep importing Iranian oil without running afoul of U.S. sanctions, some of the Islamic Republic’s top customers are preparing to buy.
News
November 11, 2018
OPEC and its allies started laying the groundwork to cut oil supply in 2019, reversing an almost year-long expansion, with Saudi Arabia reasserting its role as swing producer by announcing fewer shipments from next month.
News
November 09, 2018
It’s all eyes on OPEC as U.S. oil prices fell for 10 consecutive days, wiping out any gains for the year.
