The return of Iranian oil to the world market needs to be taken into account, but first, there has to be an understanding of the exact schedule and volume limits, Russian Deputy Prime Minister Alexander Novak said. "Of course, this …
Investors may have sold off some contracts to take profit when WTI hit $70
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 …
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 started its first transfer of crude oil via its strategic Goreh-Jask pipeline, allowing the country to bypass the Strait of Hormuz, the state-run Islamic Republic News Agency reported. The oil passed through the pipeline’s …
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’s oil production has been rising in recent months, likely in anticipation of a lifting of the sanctions
Iranian Offshore Oil Company (IOOC) applied a pilot improved oil recovery (EOR) project that in it a nanofluid was added into an oilfield in southern Iran for the first time to increase its recovery factor, MENAFN reports. …
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. …
Disputes over water between Iran and Afghanistan date to the 1870s
While pressuring Washington to drop sanctions and renew the JCPOA, Beijing has expanded trade and military relations with Tehran and its neighbors, …
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 …
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
The return of Iranian oil will depress prices even further, deepening the pain for the Arab producers. This bodes ill for the chances of a U.S.-Iran deal
Non-oil exports exceeded the country's oil exports
U.S. officials say they will not tolerate systematic Iranian supplies of gasoline to Venezuela
For Iran, commercial ties to China have assumed near-existential importance
What does America need Saudi Arabia for, exactly, if not for oil?
