Iran
News
March 05, 2016
The Monte Toledo oil tanker covered the uneventful voyage from Iran to Europe with a haul of one million barrels of crude in just 17 days, but its journey has been four years in the making.
News
February 29, 2016
Iran sold a light hydrocarbon liquid pumped from its South Pars fields to South Korea’s Hanwha Total Petrochemicals Ltd., as the removal of sanctions help it challenge producers of similar supplies, such as Qatar.
News
February 24, 2016
The success of a proposal for the world’s biggest producers to freeze crude output hinges on unified support, Iraq’s oil minister said, a day after fellow OPEC member Iran called the plan “ridiculous.”
News
February 23, 2016
Iran called a proposal by Saudi Arabia and Russia to freeze oil production “ridiculous” as it seeks to boost its own output after years of sanctions constrained sales.
News
February 23, 2016
Rystad Energy’s latest research expects Iranian crude oil production to rise to 3.4 MMbpd in 2017, from approximately 2.8 MMbpd in 2015, reflecting the largest growth in oil production for almost a decade.
News
February 17, 2016
Iran’s crude oil exports will reach 1.5 MMbpd next month as Tehran moves to benefit from sanctions relief.
News
February 17, 2016
The search for a grand bargain among oil producers now shifts to the Iranian capital.
News
February 15, 2016
Iran loaded its first cargo of oil to Europe since international sanctions ended, signaling more supplies will add to the global glut of crude.
News
February 08, 2016
The world’s largest independent oil trader said it’s "business as normal" with Iran as Vitol Group BV confirmed it has already bought cargoes from the country after the end of economic sanctions.
News
February 05, 2016
Iran will start sending 300,000 bpd of crude to Europe, 54% of the total it shipped before authorities on the continent put an embargo in place.
News
February 04, 2016
Mozambique and Anadarko Petroleum Corp. are racing to tap gas from one of the biggest discoveries in decades as a global glut looms.
News
February 01, 2016
Iran is struggling to finalize the terms under which foreign energy companies can drill for oil there, as a political battle rages between the country's more moderate forces and its conservative hard-liners.
News
January 29, 2016
OPEC oil production has jumped to its highest in recent history in January as Iran increased sales following the lifting of sanctions and its rivals Saudi Arabia and Iraq also boosted supply, a Reuters survey showed on Friday.
News
January 28, 2016
Iranian President Hassan Rouhani said on Thursday that oil prices would not stay low for long as producers restore market balance.
News
January 25, 2016
The head of the Organization of Petroleum Exporting Countries said he wants oil producers outside the group to assist in reducing the global oversupply, signaling once again that OPEC won’t make output cuts alone.
Article
January 2016
Saudi-Iranian rift adds new dimension to global oil market
News
January 19, 2016
Iran’s oil ministry issued an order to increase production by 500,000 bpd as the country moved ahead with plans to add supply to a glutted market even at the risk of contributing to a price collapse.
News
January 18, 2016
Brent crude fell to a 12-year low in London, briefly dipping below $28/bbl, after the lifting of international sanctions on Iran paved the way for increased supply amid a global glut.
News
January 14, 2016
Iran may only be able to deliver about half of the promised surge in crude output after sanctions are lifted as it struggles to revive idled fields, according to banks including UBS Group AG and Saxo Bank A/S.
News
January 08, 2016
Iran’s diplomatic rift with regional rival Saudi Arabia will stiffen the challenge it faces in attracting foreign investment once sanctions on its economy are lifted.
News
January 03, 2016
Iran is trying to regain its lost share of global crude sales and has no intention of harming the oil market with its planned increase in production once sanctions are lifted from its economy, Oil Minister Bijan Namdar Zanganeh said.
