Iranian Oil

US considers waivers on Iran oil sanctions - media

The Trump administration is actively considering waivers on sanctions it will reimpose next month for countries that are reducing their imports of Iranian oil, Reuters reported, citing a U.S. government official. The administration is …

 Riyadh ready to replace Iranian oil

Following U.S. President Donald Trump’s pressure to tame surging crude prices, Saudi Arabia’s crown prince Mohammed Bin Salman said the world’s top exporter is doing its part by pumping …

Iran gives reply to 'oil bulls'

Managing director of the National Iranian Oil Company (NIOC) Ali Kardor said Tehran has no plans for any reduction in the country’s oil output despite the looming US sanctions. "We are not planning on …

Will U.S. help allies to replace Iranian oil sources?

U.S. President Donald Trump's administration is working to provide alternative sources of oil to American allies that will be affected because of U.S. sanctions on Iran, Financial Times writes, citing a senior administration …

Iran oil exports dip ahead of looming US sanctions

Oil exports from Iran have fallen steeply in the first half of August, according to preliminary tanker tracking data, as the threat of US sanctions is already beginning to curb demand from some of the OPEC member’s key …

Iran offers discount oil to Asian customers

Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions. The "informed source" in Iran's oil ministry did not give details of the discount, but sought to downplay the move …