According to the latest data released by the Islamic Republic of Iran Customs Administration, Iran's trade with neighbors crossed $29 billion during the 7 months. Iran traded 45.28 million tons of goods worth $29.09 billion, excluding crude oil exports, with its 15 neighboring countries during the current Iranian years first seven months (March ...

The National Iranian Oil Company (NIOC) has raised its crude oil prices for deliveries to Asian and European customers in September. NIOCs international affairs department published a table on Sunday that showed the state-run company had increased its official selling price (OSP) for various Iranian crude oil grades. The table showed that NIOCs ...

A large shipment of Iranian crude has been delivered to China, according to a report and amid statements by Iranian government authorities insisting that exports to China have been robust despite claims that increased Russian supply of crude to China has affected Iranian shipments. The Wednesday report by Reuters news agency said that China had ...

  Iran has pumped steady amount of crude in July despite a 15-month record production reported by the Organization of Petroleum Exporting Countries (OPEC), a survey shows. Reuters news agencys analysis of data released by OPEC members in July showed that Irans exports was steady over the month compared to June when it had exported more than ...

Iran will be able to immediately restore its crude oil production to levels seen before US sanctions hit the country in 2018, according to a senior official in the National Iranian Oil Company (NIOC). Farrokh Alikhani, who serves as deputy for production at the NIOC, said on Wednesday the company will be able to restore a bulk of output lost due ...

Latest economic performance data released by the Central Bank of Iran (CBI) show the country nearly doubled its crude revenues in the quarter to late December. Thefigurespublished on the CBI website on Monday showed that Iran's crude revenues had reached $14.614 billion in the third quarter of the calendar year beginning March 2020, up from $8.558 ...

Central Bank of Iran (CBI) Governor Abdolnasser Hemmati says the country earned less than $20 billion from crude exports in 2020 as sanctions imposed by the US continued to affect shipments. In a Thursday post on his Instagram page, Hemmati said that Iran had a very restricted access to the funds generated from crude exports last year. However,...

IRNA National Iranian Oil Company announced on Sunday that it is going to offer two million barrels of crude oil in the international ring of the Iran Energy Exchange (IRENEX) on Tuesday. The oil is to be sold at a bid price of $59.28. The buyers will receive the oil in three months. This is the 12th time Iran is selling oil through the stock ...

IRNA/ Global Times - A total US ban on the purchases of Iranian crude oil took effect on May 2, according to the Voice of America. Last month, US Secretary of State Mike Pompeo announced the US would not extend sanctions waivers for Iranian oil importers, including China, India, Japan, South Korea and Turkey. The countries were told to stop buying ...

CNBC - Oil prices stabilized on Wednesday as markets remained relatively tight amid U.S. sanctions on crude exporters Iran and Venezuela. U.S. West Texas Intermediate (WTI) crude futures were at $61.56 per barrel at 0057 GMT on Wednesday, 17 cents, or 0.3 percent, above their last settlement. Brent crude oil futures were at $69.94 per barrel,...

Financial Tribune - Having hosted eight crude oil auctions since last year, Iran Energy Exchange is adapting to the possible needs of potential customers with the belated advent of the black stuff to its trading portfolio. Except for one initial enthusiasm for the new commodity in its early offerings, most of the subsequent oil offers have fallen ...

MNA Asias top four buyers of Iranian crude - China, India, Japan and South Korea - imported a total 710,699 barrels per day of crude from Iran in January, 49 percent lower than the same month in 2018, but it is more likely that Iran's oil export to these countries would double in Feb. 2019, the data collated by Thomson Reuters showed. Buyers had ...

MNA Japanese refiner Cosmo Oil will load around 900,000 barrels of Iranian Heavy crude oil in early March as local refiners are rushing to lift as much barrels from Iran during the current 180-day US sanctions waivers, sources with direct knowledge of the matter told S&P Global Platts on Tuesday. According to S & P Global Cosmo Platts, ...

MNA The National Iranian Oil Company (NIOC) has planned to offer a million barrels of crude oil on the Iran Energy Exchange (IRENEX) on February 4. This will be the 4th time crude oil is being sold on the Iranian market for the private sector to buy it from the state-run NIOC. On October 28, the first round of selling a million barrels of crude ...

SHANA - Members the parliamentary select committee to study budget law signed off on a measure which determines the share of the National Development Fund of Iran (NDFI) from all oil export revenues at 20 percent in their latest open session on Sunday. According to ICANA, Mohammad Mahdi Mofatteh, spokesperson of the committee, said that during deliberation ...

MNA Iranian crude in the global market is extremely important for sustaining a balance in oil trade, says Sanjiv Singh, chairman of Indian Oil Corporation Ltd. India is one of the largest consumers of crude oil and since Iran has been one of the key suppliers, the country hopes the US will extend sanctions waiver, Singh said, Hindu Business Line ...

December 9, The Iran Project FM Zarif highlights US hypocritical behavior towards UN resolution;Iran backs Yemen peace talks, wants end of crisis: state TV;If Iran cant export oil, no country will do it from the Persian Gulf Rouhani;Irans supreme leader comments on no-retirees law;Iran wants to expand missile range despite U.S. opposition; Irans ...

Sputnik - President Donald Trump's intention to impose sanctions on Iranian crude exports could entail a significant drop in global oil supply. This is what analysts told CNBC earlier this week amid concerns that oil prices could reach a three digit number. Sputnik discussed the correlation betweenIran sanctions and oil prices withGawdat ...

Sputnik - Iran is seeking to extend or renew a $1 billion oil deal with the Swiss giant Vitol Group ahead of the promised return in November of crippling US sanctions, media reported. The US administration inMay withdrew fromthe 2015 nuclear deal withIran, which eased sanctions onthe Islamic Republic. It said restrictions onoil trade would ...

MNA Ambassador of the Republic of Korea to Iran said that his country will continue buying Irans oil based on prior agreements. Ryu Jeong-Hyun said that despite US withdrawal from Joint Comprehensive Plan of Action (JCPOA), Republic of Korea keeps on buying oil from Islamic Republic of Iran. He made the remarks in a Sunday meeting ...