Oil falls amid trade war flare up
Financial Tribune – Oil prices weakened on Monday after new tariffs imposed by the United States and China came into force, raising…
Tag Archives: crude oil
NIOC to offer 2mn barrels of heavy crude at IRENEX on Tue.
MNA – The National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX)…
Crude games: Why US attempt to flood oil market to hurt Iran will backfire
Sputnik – Last week, the Department of Energy announced plans to sell off up to 6 million barrels of crude stocks from…
KOGPC treats 32,000 barrels of oil with MOT
MNA – The CEO of Karoon Oil & Gas Production Co. (KOGPC) says his company has processed 32,000 barrels of crude oil…
Prices of Iranian light crude reaches $68 per barrel
MNA – Iranian light crude price which has started going up since the beginning of 2018 reached 68 dollars in the week…
SPOL total output crosses 2.5m barrels
SHANA – Iran’s production of crude oil from the oil layer of the supergiant South Pars Gas Field (SPOL) has exceeded 2.5…
Winners and losers of cheap oil ahead of OPEC summit
TEHRAN, Sep. 25 (MNA) – The upcoming meeting of OPEC ministers in Algeria in late September has given rise to a great…
Oil prices won’t exceed $60 in short-term – analysts
ILNA: Oil prices will not exceed $60 a barrel in the short-term perspective, according to the forecasts of the British economic research…
Yadavaran crude recovery at 95,000 b/d
TEHRAN, June 22 (Shana) – Iran is currently recovering 95,000 barrels of crude oil per day from Yadavaran oil field of…
West Karoun crude output up
TEHRAN, June 21 (Shana) — Iran has raise oil recovery from West Karoon oilfields by adopting proper policies and setting the…
Iran’s light crude oil price up about $2
Tehran, June 19, IRNA – The price of Iran’s crude oil, both light and heavy, increased about $2 in the week ending…
S.Korea’s Iran crude imports for May more than double on year
SEOUL, June 15 South Korea’s imports of Iranian crude oil jumped around 130 percent in May from the same month a year…
More Saudi crude to hit saturated market
Saudi Arabia’s national oil and gas company, Saudi Aramco, is all set to pour more crude into a global market already reeling…
Iran offers to swap oil, gas with Turkmenistan
EHRAN (Tasnim) – Iranian Oil Minister Bijan Namdar Zanganeh and visiting Turkmen Foreign Minister Rasit Meredow held talks on ways to boost…
India’s imports of oil from Iran up by 49%
The latest market figures show that India’s imports of crude oil from Iran jumped by a whopping 49 percent in April from…
Goodwill trade: India likely to pay interest on crude dues to Iran
India likely to pay interest to Iran on accumulated oil dues to compensate for the loss incurred due to foreign exchange volatility.…
India’s Reliance eyes buying more crude from Iran
TEHRAN (Tasnim) – A senior official with India’s biggest oil refiner Reliance Industries Ltd said the company plans to purchase more oil…
Oil sinks after producers fail to agree on freezing output
Crude oil prices have taken a hit from the failure of oil-rich countries to reach an agreement Sunday on freezing production. U.S.…
ELPE will have to buy first loads of Iran oil from Total
Hellenic Petroleum (ELPE) will not be able to purchase its first delivery of Iranian crude oil directly from Tehran, as had been…
Investment disability wrapped in stylish oil freeze plan
TEHRAN, Feb. 24 (Shana) — If production freeze by oil-producing countries continues until the third quarter of 2016, the return of…
Hellenic petroleum buys 60 kb/d crude oil from Iran
TEHRAN, Feb. 20 (Shana) – Greek’s Hellenic Petroleum will purchase 60 thousand barrels a day of crude oil from Iran which…
Iran exports 7.1mn barrels of oil only in 2 days
Iran has announced that it shipped more than seven million barrels of crude oil in only two days thus setting a new…
Iran ships first oil to Europe in 3 years
The first shipment of Iranian crude oil to the European Union in more than three years is poised to depart as soon…
Iran H1 Crude, Condensate Exports 13% Higher than 2013
TEHRAN, Feb. 13 (Shana) – Iran’s average crude oil and gas condensate exports during the first 6 months of the current…
Oil prices rebound from sharp selloff; more volatility expected
Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an…
Iran Sets Crude Oil Export Volumes for Europe
Iran plans to sell 300,000 barrels of crude oil a day to European customers now that Western sanctions have been lifted, the…
Crude oil reserves reach 175nb barrels
TEHRAN, Feb. 03 (MNA) – By the end of the last Iranian calendar year (ended March 20, 2015), country’s crude oil reserves…
60kb/d of oil recoverable by mid-2016
TEHRAN, Jan 31 (Shana) — South Azadegan oil field is planned to start early production of 60,000b/d of crude oil by…
Gasoline cargoes sail to Iran, crude exports still tough
Major oil firms and trade houses are gradually resuming energy trading with Iran but efforts remain very cautious and often face huge…
Iran signs oil deal with European refiner as sanctions end
Tehran, Jan 23, IRNA – Iran signed an agreement to supply crude oil with Hellenic Petroleum SA, a Greek oil refinery, in…
Iran’s oil minister says OPEC’s emergency meeting may hurt market
Iran’s oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would hurt the crude oil market…
Russian oil companies ready to withstand falling oil prices
Crude has already dropped to $30 a barrel but it is still far from hitting rock bottom. Analysts and traders predict $20…
Iran, buyers agree on post-sanctions oil deals: CEO
Tehran, Dec 26, IRNA – Managing Director of National Iranian Oil Company (NIOC) said Tehran has reached agreements with buyers of its…
End of US crude export ban not to affect global oil market: Iran
Tehran, Dec 26, IRNA – Iran says the US Congress decision to end a 40-year ban on crude oil exports by this…
Erdogan’s oil plot: evidence continues to mount against Turkish president
Daesh (ISIS/ISIL) is stealing crude from Syria and Iraq with the knowledge of NATO, because it is precisely NATO that the terrorist…
OPEC fails to alter production ceiling after Iran pledges to boost output
Oil prices have hovered near $40 a barrel in recent weeks on ongoing concerns about the global oversupply of crude, which had…
Iran finalizing plans to build oil refineries in Europe
Negotiations to build oil refineries in Europe with Iranian investment to process the country’s crude are on verge of finalization, a news…
Iran to announce 500k bpd output rise at next OPEC meeting
TEHRAN Oct. 31 (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran will officially announce its crude oil output rise by…
Iran to boost crude oil exports thru new marketing methods
TEHRAN, Oct. 26 (Shana) – Director of international relations of the National Iranian Oil Company (NIOC) said in the post-sanction period ,…
‘I am back’: Iran to unveil newest oil deals soon as nuclear deal reached
Iran will unveil its newest oil contracts, clinched after the signing of the historic deal on its nuclear program, at a conference…