Iranian Minister of Oil Bijan Zanganeh said that Islamic Republic of Iran will swiftly return to the global oil market after sanctions imposed on the country are lifted. Speakingafter OPEC+ meeting on Friday,Zanganeh reiterated on Friday at OPEC+ meeting that Iran would return to the markets swiftly if US sanctions are lifted, regardless of decisions ...

Since the lifting of anti-Iran sanctions is on the horizon, the Iranian oil industry is preparing to return to the energy market powerfully with 2.3 million barrels of oil production per day. Iran has experienced a long history of facing oil sanctions. The first case of such embargo dates back to 70 years ago when Britain imposed sanctions on the ...

Iranian Petroleum Minister Bijan Zangeneh said on Monday that Iran will not seek the permission of others to return to oil market because it believes it has the right to do so. He said that it is possible for Iran to revive a 2.3 million bpd of oil exports. As a minister, I will not promise something that I am not able to do, Zangeneh said,...

Reuters - The oil market has not yet stabilised, Iranian Oil Minister Bijan Zanganeh told state TV on Wednesday, but added that the measures implemented by OPEC have been successful in raising crude prices. The market is not stabilised yet for several reason including the coronavirus outbreak ... But OPEC has taken good measures, Zanganeh said. ...

Reuters - Russian Energy Minister Alexander Novak said after meeting his Iranian counterpart Bijan Zanganeh in Vienna on Monday that Moscow was interested in Iran remaining an equal player in the global energy market, according to a statement released by the Russian energy ministry. Washington has demanded that Saudi Arabia pump more oil to compensate ...

SHANA - A member of the Iranian parliament said offsetting the shortage caused by removal of Iranian oil from the market was not possible in the long run. Speaking to Shana, Asadollah Ghareh Khani, spokesperson of the parliaments energy committee, stated that it could be possible to replace Irans oil in the market in the short run but it would be ...

MNA After an expected hiatus in Irans oil exports to some of the countrys main customers following the reimposition of the US sanctions, once again the countrys old buyers are coming back to take advantage of the 180-day window which has been presented by the waivers granted in November. Although it took some of these buyers more than a month to ...

CNBC | Patti Domm: Saudi Arabia, the world's largest oil exporter, has become a source of market uncertainty just as the U.S. is about to curb Iran's oil exports. Yet, oil prices are hovering near five-week lows, and the market does not show any concerns about a potential loss of supply. The Iranian sanctions are expected to remove about 1 million ...

SHANA - The National Iranian Oil Company (NIOC) released details of selling crude oil on the domestic stock market. The company is planning to sell a million barrels of crude oil in the export floor of the market in October or early December. Buyers may pay 20 percent of the price of oil in Rials and the rest in dollars. Buyers are required ...

IRNA Moscow hopes for stabilizing oil market and introducing producers as responsible players that pay attention to sustainable and predictable regulations in oil market, Russian Energy Minister said. Alexander Novak made the remarks in a meeting with Iranian Petroleum Minister Bijan Namdar Zangeneh, according to Russian Energy Ministry. During ...

Bloomberg | Irene Garcia Perez: In November, U.S. sanctions on Iran are due to enter into force that could drive down the Persian Gulfnations exportsand upend theglobal oil market. There are already signs that it will be harder for the country to export, as some international insurersstop coveringshipments. The U.S. measures require buyers ...

Oil Price | Tsvetana Paraskova: For nearly a week, the oil market has been digesting reports that Saudi Arabia and Russia are considering bringing back some production to ease market and consumer anxiety over high oil prices. Accordingly, oil prices plunged, while market participants and analysts are trying to quantify how much oil supply OPEC and ...

SHANA - Iran would continue exporting oil at current levels in the future, a member of the Iranian parliament said. Elaborating on the highlights of a meeting of the parliament's energy committee with the CEO of the National Iranian Oil Company (NIOC), Hossein Amiri Khamkani said Iran-EU scenarios for preserving the Joint Comprehensive Plan of Action ...

Platts-- China state-run refiner Sinopec will cut back on its nominations of Saudi Arabian crude in May after the major OPEC producer's latest official selling prices came out above market consensus, potentially providing other producers in the Middle East and Asia Pacific with a chance to boost sales to the giant Asian consumer. Sinopec, one of Saudi ...

Reuters | John Kemp: President Donald Trumps decision to replace his secretary of state with a more hawkish figure should have been bullish for oil prices since it increases the probability the nuclear deal with Iran will be abandoned in May. Failure to recertify the deal could lead to the re-imposition of secondary sanctions and pressure from the ...

Press TV - Irans Minister of Petroleum Bijan Zangeneh says a possible boycott of the Islamic Republics crude oil as sought by US President Donald Trump would affect the market. Trump issued a statement last Saturday, saying because there was enough supply of oil from othercountries, it was possible to limit the purchaseof oil and its derivatives ...

Sputnik - The fact that Iran's average daily oil exports currently stand at 2.6 million barrels indicates that Tehran has managed to overcome the most difficult period of the anti-Iranian sanctions, Vladimir Sazhin, a Russian expert on the Middle East, told Sputnik. He recalled that the most severe blow toIran's economyand finances was ...

September 4, The Iran Project - Ananalyst saysthe US is seeking to prevent a flow of Iranian oil on the market in this particular historical moment, when the Saudis, with the back of Washington, made two different attempts to low the price. "US President Donald Trump, for sure, is not going to pull the brake on US fracking sector, therefore the ...