Saudi Arabia to Raise Oil Shipments to India
Saudi Arabia may recover part of its previous market share on the Indian market, especially after the US sanctions on Iran.
Iran | Egypt Oil & Gas - Part 16
Iraq Prepares for Halting Iranian Gas Imports
Iraq has its contingency plans to be able to absorb any stoppage in importing Iranian gas for its power grid with hopes that no such disruptions will take place, according to Iraqi Oil Minister Thamer Ghadhban.
Japan’s Idemitsu Kosan Mulls Replacement for Iranian Oil
The Japanese oil refining company expects to deal with alternatives for Iranian crude oil supply due to the US sanctions.
Oil Prices Surge on Geopolitical Tensions in Middle East
Recent incidents in the Arabian Gulf led to global oil prices rising to their highest level in two weeks.
Iran, India Hold Oil Trade Talks
India was the second biggest importer of Iranian oil after China before the US sanctions more than halved Iran's oil exports to 1 million barrels per day (b/d).
Sinopec, CNPC Halts Buying Iranian Oil
China Petrochemical Corporation (Sinopec Group) and China National Petroleum Corporation (CNPC) has stopped purchasing Iranian oil in May.
India’s Imports from Iran Drop by 57% YOY in April
India has shipped around 277,600 barrels per day (b/d) in April, dropping by 31.5% from March.
Gulf OPEC Members to Raise Output in Case of Shortage
The Gulf members of the Organization of the Petroleum Exporting Countries (OPEC) plan to meet the oil market demand in case of a supply shortage.
Oil Prices Surge as Iran Sanction Waivers End
The US will no longer be giving any waivers to current Iranian oil buyers who were allowed in 2018 to purchase oil from Iran without sanctions.
Iran to Award E&P Contracts to Local Companies
Three or four exploration blocks will be developed by local firms within a year, according to the National Iranian Oil Company.
