Iranian Oil

 Iran's oil tanker breaks down in Red Sea - media

An Iranian oil tanker has broken down in the Red Sea but the crew are safe and repairs are underway, Iran's state news agency IRNA reported. "The ship's crew are fixing the defect and the vessel is in a stable condition …

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UN reports assesses Iran's situation

The UN expert on human rights in Iran has said in a report that US sanctions reimposed on the country in 2018 have hit oil sales and caused the devaluation of its currency

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Iran's tanker Grace 1 to leave Gibraltar under new name

Iran's oil tanker Grace 1, released yesterday from Gibraltar after being held there for over a month, will head to the Mediterranean Sea under a new name, Adrian Darya, deputy head of Iran's Ports and Maritime Organization Jalil …

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Zarif: Iran to sell oil but not its dignity

Iran will sell oil but not its dignity, Iranian Foreign Minister Mohammad Javad Zarif said in a reference to talks under the U.S. sanctions and pressures. "The Iranian nation's dignity is not for sale," …

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Iran's oil output slumps to new low

Crude production in Iran declined to 2.28 million barrels per day (mbpd) in June, according to the Oil Market Report from the International Energy Agency (IEA). The production in Iran declined by 120 thousand b/d, "hovering at a …

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Novak: tension in Persian Gulf not fault of Iran

Russian Energy Minister Alexander Novak said that Iran is not the cause of instability in the Persian Gulf and that sanctions against the country are “unlawful.” "As regards restrictions on Iranian …

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China stops buying Iranian oil

China and a number of other states have stopped buying oil from Iran after the U.S. announced a decision not to extend exemptions from its sanctions for certain countries, the Wall Street Journal reported, citing sources in the Iranian oil …

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India ends Iranian oil imports

India has ended all imports of oil from Iran, its ambassador in Washington Harsh Vardhan Shringla said. The diplomat said that India had already sharply decreased its imports from Iran and bought one million tonnes …

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CNG prices to increase in Iran

The compressed natural gas (CNG) will increase in price in Iran on May 22, the National Iranian Oil Products Distribution Company said. Each kilogram of CNG will cost 6,568 rials ($0.15 according to the official exchange rate and $0.04 …

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