Iranian Oil

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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 Iran's oil exports plunges due to US sanctions

Iran’s oil exports slid below 500,000 barrels per day in May under the US sanctions, oil industry sources report. These sources are confirmed by tanker data. It is reported that this month, the volume of oil supplies from Iran …

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 IEA: Iran's oil supply drops as U.S. sanctions bite

Iran's oil production could slump to its record-low level since the 1980s due to the U.S. sanctions, according to a monthly report issued by the International Energy Agency. "Crude oil output in Iran fell 130 kb/d to 2.61 …

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Iran issues ultimatum on Strait of Hormuz

Iran does not intend to close the Strait of Hormuz, but would severely confront those who endanger its security, Chief of staff of Iran's armed forces, Major-General Mohammad Baqeri said. "The [Iranian] …

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Khamenei: Iran to export as much oil as it needs

Iran can export as much oil as it needs, Iran’s Supreme Leader Ayatollah Ali Khamenei said, according to his official website. "America’s efforts in sanctioning the sale of Iranian oil won’t get …

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Oil prices soar on fears about Iran sanctions

Oil prices jumped more than 2% in the previous session, hitting their highest level this year amid intensifying concern about global supplies after the U.S. announced a further clampdown on Iran’s oil exports. International …

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Iran again threatens to close Strait of Hormuz

Iran will disrupt oil shipments through the Strait of Hormuz, if the United States tries to strangle Tehran’s economy by halting its oil exports, the commander of the Revolutionary Guards’ navy, General Alireza …

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