Iranian Oil

 U.S. Sanctions on Venezuela beneficial for Iran?

The United States sanctions on Venezuelan crude complicate its effort to bring Iran’s oil exports to zero. According to some experts, to avoid a price spike, Washington will likely be forced to allow some buyers to continue purchasing …

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Oil discovered in Iran's Abadan region

Iran has discovered oil in the southwestern Abadan region for the first time, the republic's Oil Minister Bijan Namdar Zanganeh said. According to him, the oil was found at a depth of 3,570 meters in an exploratory …

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Japanese resumes Iranian oil imports

Japanese refiners have loaded Iranian oil onto a tanker, resuming imports after halting purchases because of sanctions by the United States, governor of the Central Bank of Iran Abdolnaser Hemmati said. "After …

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OPEC oil production sinks in December

OPEC slashed production in December, delivering a bullish signal to the market one month before the producer group officially began a fresh round of output cuts. Oil supplies from OPEC nations plunged by 751,000 barrels per day to …

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EIA expects anti-Iran oil sanctions to be prolonged

The U.S. Energy Information Administration (EIA) forecasts the U.S. oil sanctions imposed on Ian will remain in place until 2020. "EIA assumes that US sanctions on Iranian oil exports will remain in place through the end of the …

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Turkey resumes Iranian oil imports - source

Turkey has resumed imports of Iranian crude oil after a one-month hiatus in November when U.S. sanctions on Iran were reimposed, trading and shipping sources said. Washington granted Turkey and other countries import waivers in early …

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Iran finds new oil and gas reserves

Iran discovered 40 new oil and gas reserves, head of exploration at the National Iranian Oil Company (NIOC) Seyyed Saleh Hendi said.     "After the enactment of the new US sanctions against …

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Iran finds 40 new oil and gas reserves

Iran is now ranked first in the world for oil and gas reserves, head of exploration at the National Iranian Oil Company (NIOC) Seyyed Saleh Hendi said.     "A few years ago, we were …

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Rosneft decides to leave Iranian market - media

Last year, Russia’s oil giant Rosneft and the National Iranian Oil Company planned to fulfill joint projects in oil and gas production to the tune of $30 bln and produce up to 55 mln tonnes of oil per year. The sides signed a …

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OPEC+ Succeeds, What’s Next For Oil?

OPEC+ managed to pull off an eleventh-hour agreement, checking all the boxes after a contentious set of meetings. There were a lot of competing interests at play, but the agreement offers a little bit of everything, enough for all parties to …

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Iran not to cut oil output while under sanctions

Iran will not discuss its OPEC quota as long as it is under sanctions, Iranian Oil Minister Bijan Namdar Zanganeh said, speaking after the session of the OPEC-Non-OPEC Joint Ministerial Monitoring Committee (JMMC) in …

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