Iran
News
April 22, 2019
Some of the biggest beneficiaries of sanctions aimed at crippling Iran are oil companies on the other side of the world.
News
April 22, 2019
Iran will close the Strait of Hormuz, a waterway vital for global oil shipments, if the country is prevented from using it, a senior military official said on Monday in what appears to be a response to the U.S. plan to end waivers on Iranian oil exports.
News
April 22, 2019
The Trump administration will not renew renew waivers that allow countries to buy Iranian oil without facing U.S. sanctions.
News
April 14, 2019
As Iran struggles to sell 6 MMbbl of oil, only one deal has closed for 35,000 bbls, so far.
News
March 17, 2019
U.S. officials said the global oil market can withstand the removal of all Iranian crude exports this year, a conclusion that could be pivotal in the coming weeks as President Donald Trump weighs whether to end sanctions waivers granted to several nations.
News
March 15, 2019
Uncertainty over U.S. waivers for buyers of Iranian oil is starting to grip the market again, under very different circumstances than when American sanctions were set to go into effect last year.
News
February 10, 2019
As Iran’s Islamic Republic enters a fifth decade, its energy industry has little to celebrate. The country’s crude output has yet to recover to pre-revolution levels and is unlikely to do so for many years, even without U.S. sanctions.
News
January 14, 2019
The U.S. plans to grant no new waivers to buyers of Iranian oil as it intensifies efforts to eliminate the Middle Eastern producer’s exports of crude, a senior official said.
News
January 13, 2019
Italy’s top oil producer and Oman’s energy minister predict the latest oil rebound will stick.
News
December 19, 2018
India will use escrow accounts of five Iranian banks held with UCO Bank to deposit money for oil purchases from the Middle East producer to overcome U.S. sanctions.
News
December 09, 2018
Saudi Arabia’s energy minister emerged from days of heated OPEC talks joking that he wasn’t an easy man to be friends with.
News
December 05, 2018
Saudi Arabia, Russia and other members of the OPEC+ group recommended an oil production cut, defying a Twitter plea from President Donald Trump to keep the taps open, but their meeting didn’t agree on how big any reduction should be.
News
November 23, 2018
Armed with waivers to keep importing Iranian oil without running afoul of U.S. sanctions, some of the Islamic Republic’s top customers are preparing to buy.
News
November 11, 2018
OPEC and its allies started laying the groundwork to cut oil supply in 2019, reversing an almost year-long expansion, with Saudi Arabia reasserting its role as swing producer by announcing fewer shipments from next month.
News
November 09, 2018
It’s all eyes on OPEC as U.S. oil prices fell for 10 consecutive days, wiping out any gains for the year.
News
November 09, 2018
The U.S. secretaries of state and defense met with their Chinese counterparts for an annual strategy session in Washington on Friday, with both sides highlighting deep differences on diplomacy and security weeks before Presidents Donald Trump and Xi Jinping plan to meet at a summit in Argentina.
News
November 09, 2018
The Trump administration’s sanctions on Iran are the latest irritant in relations between Turkey and the U.S. even as the two NATO allies move past their worst diplomatic crisis in decades.
News
November 07, 2018
U.S. sanctions on Iran won’t necessarily translate into a global shortage of oil, according to Nigerian Petroleum Minister Emmanuel Ibe Kachikwu.
News
November 07, 2018
President Donald Trump said the “fragile” global oil market was a key reason his administration decided to extend waivers this week to eight countries allowing them to continue importing Iranian oil in violation of new U.S. sanctions.
News
November 06, 2018
Iraq aims to supply China with 60% more crude next year, according to the head of the state-run Oil Marketing Co.
News
November 02, 2018
Midnight on Sunday, Nov. 4 will mark a dividing line in the world of oil. Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government.
