Iran
News
April 11, 2018
The 2016 OPEC initiative to clear surplus supply was successful. By year-end, the group could lose the same amount of crude unintentionally.
News
April 06, 2018
Analysis of crude oil production in Iran shows that approximately $21 billion in capital expenditure (capex) will be spent by Iran on oil projects between 2018 and 2021, to ensure that production grows to around 4.9 MMbpd in 2021, according to GlobalData, a leading data and analytics company.
News
March 21, 2018
Brent crude extended gains as investors assessed geopolitical risks, with speculation that the U.S. president and Saudi Arabia’s crown prince discussed countering the influence of Middle East producer Iran.
Article
February 2018
The changing energy landscape of the Middle East
News
February 06, 2018
Iran’s armed forces, some of which are under U.S. sanctions, must divest from energy assets and other businesses to help save the Persian Gulf nation’s economy, President Hassan Rouhani said.
News
February 05, 2018
Iran can swiftly increase production of crude if OPEC decides to scrap limits on global output when the group meets next in June, Oil Minister Bijan Namdar Zanganeh said.
News
January 17, 2018
OPEC and other global oil producers including Russia won’t be discussing how to end output cuts when they meet this weekend in Oman even as crude prices have recently been rising, Kuwait’s oil minister said.
News
January 14, 2018
All 32 crew members on board an Iranian oil tanker that’s been burning for a week near China’s eastern coast are presumed dead, an Iranian official said.
News
January 11, 2018
World oil markets are about to get a clearer idea of what Donald Trump’s presidency means for one of the biggest crude exporters, Iran.
News
January 09, 2018
A key OPEC minister has warned that the group risks overheating the oil market as crude prices head toward $70/bbl.
News
January 08, 2018
Hanwha Total Petrochemical Co. bought alternative supply after a fire on board an Iranian oil tanker that was destined for the South Korean company.
News
January 02, 2018
The Trump administration threatened new sanctions on Iran as the number of civilians arrested in spontaneous nationwide protests that began last week neared 1,000.
News
January 02, 2018
Oil steadied after a second annual increase, supported by concern that protests in Iran could lead to a supply disruption in OPEC’s third-biggest member.
News
November 09, 2017
Crude resumed its march toward levels last seen in 2015 as escalating tensions in Saudi Arabia raised concerns about stability in the region.
News
November 03, 2017
A number of documents were signed in Tehran on the margins of the visit to the Islamic Republic of Iran by Russian President Vladimir Putin. The documents are aimed at fostering Russian-Iranian cooperation in the gas sector.
News
November 01, 2017
During the visit of the Russian President Vladimir Putin to the Islamic Republic of Iran, Rosneft Oil Company and National Iranian Oil Company signed an agreement termed the “Road Map and Key Terms of Strategic Cooperation in the Field of Oil and Gas.”
News
October 17, 2017
Iran said it would support an extension of OPEC oil-production cuts to the end of next year, and insisted its own output plans won’t be disrupted by U.S. President Donald Trump.
Article
October 2017
Middle East/North Africa grapples with production cut commitment, despite urge to boost output
News
October 11, 2017
Iran, already struggling to attract investors to its energy industry, may find things tougher still as U.S. President Donald Trump tries to undermine the nuclear deal that eased sanctions on OPEC’s third-largest crude producer.
News
October 10, 2017
Iraq and Iran boosted crude exports in September, taking advantage of a slower pace of shipments from rival Saudi Arabia to win buyers in key markets like China and the U.S.
News
October 04, 2017
A Lukoil a wholly-owned subsidiary, Lukoil-Engineering, and the National Iranian Oil Company, signed a memorandum of understanding.
