The Deputy Director of Production at the National Iranian Oil Company (NIOC), Farrokh Alikhani announced that his company has prepared a precise plan to resume oil production to the pre-sanctions levels in one wee ...
Crude inventories at Venezuela’s export terminal, Jose, have surpassed their highest levels since August due to customers' fears over sanctions deadlines.
Saudi Arabia is preparing to export an additional 4 million barrels of crude to India in November.
The European Union is updating legislation to allow European companies to avoid US sanctions when doing business with Iran.
Iran and international consortium Pergas have signed a preliminary deal for the development of an oil field in southwestern Iran.
Oil prices reached $80 a barrel on May 17, driven by concerns over falling supplies due to renewed US sanctions on Iran.
Iran will award Farzad B gas field to domestic Iranian contractors if India withdraws from negotiations over the field’s development.
Riyadh is working closely with the UAE and Russia on "coordination and market consultations," regarding the impact of US President Donald Trump’s decision to pull out of the 2015 Iran nuclear deal, an OPEC source ...
Oil prices rose more than 2% on May 9, after President Donald Trump announced the US withdrawal from the Iran nuclear deal and a reimposition of the "highest level" of sanctions on Tehran.
South Korean imports of Iranian crude oil dropped by 39.3% year-on-year (Y.o.Y) in March 2018, the county’s customs data showed.
