Iranian Oil

Lukoil VP predicts how much oil Iran can offer to market

If sanctions are lifted, Iran will be able to offer up to 1.5 mln barrels of oil per day to the market in the near time, Vice President of Lukoil Leonid Fedun told reporters on the sidelines of the St. Petersburg International Economic Forum on …

Iran may disrupt OPEC + market balancing strategy

A group of some of the world’s most powerful oil producers agreed on Tuesday to continue gradually easing production cuts amid a rebound in oil prices. OPEC and its oil-producing allies, known as OPEC+, will boost output in July, in accordance with the group’s April decision to return 2.1 million barrels per day to the market between May and July

Iran denies supply of oil to United States

Tehran denies information about oil supplies from Iran to the United States, the representative of the Oil Ministry, Kasri Nuri said. Yesterday, different outlets, citing data from the Energy Information Administration of the US …

Iran gears up for return to oil market

Iran is preparing to ramp up global oil sales as talks to lift U.S. sanctions show signs of progress. But even if a deal is struck, the flow of additional crude into the market may be gradual. State-controlled National Iranian Oil Co. …

Iran and US have common interests, Zarif says

Iran and the United States have common interests, and two countries could cooperate on security issues in the Persian Gulf and oil sales, Iranian Foreign Minister Mohammad Javad Zarif said today. “We see no …

Does Iran plan to double oil output in 2021?

ran said it planned to roughly double oil production in the next year, as the country anticipates a loosening of U.S. sanctions after Joe Biden becomes president, World Oil writes in the article Iran plans to double oil output in 2021 under weaker U.S. sanctions