Iranian Oil

 Will U.S. impose additional Iran sanctions in May?

The U.S. government is considering additional sanctions against Iran that would target areas of its economy that have not been hit before, a senior U.S. administration official said. According to the official, the administration aimed …

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Will Iran and Israel unleash war over oil?

Iran’s defense minister Amir Hatami said Tehran will respond firmly to any Israeli naval action against its oil shipments. The minister said such confrontation would be considered as “piracy” and …

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 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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