Iranian Oil

Iran seeks OPEC support against US sanctions

Iranian Oil Minister Bijan Zanganeh has asked OPEC president, United Arab Emirates Energy Minister Suhail al-Mazrouei to support it against new U.S. sanctions. “I would like to seek OPEC’s …

Azerbaijan and Iran to unite efforts in Caspian

The creation of the Iran-Azerbaijan joint oil company will be beneficial for both parties and will allow to resolve the issue with the disputed  Araz-Alov-Sharg oil field, however, the project implementation is a distant possibility so far, …

Will EU buy Iranian oil in euros?

The European Union is planning to switch from US dollars to euros when paying for the oil supplies from Iran, a diplomatic source said. On May 15, EU foreign policy chief Federica Mogherini said that after talks with …

Oil steadies boosted

It is supported by concerns that U.S. sanctions on Iran are likely to restrict crude exports from the country

Could oil prices hit $100 per barrel?

Oil prices look set to temporarily hit $90 a barrel during the first half of next year, if not sooner, and risk spiking to as much as $100 a barrel, depending on geopolitical events and other factors, Bank of America Merrill Lynch analysts …