EU to Create SPV to Evade Iran Sanctions: French Minister
France will push to create the necessary mechanisms to allow EU countries to maintain trade with Iran following the re-introduction of US sanctions on November 5.
US sanctions | Egypt Oil & Gas - Part 2
US to Give Eight Nations Oil Waivers for Iran Sanctions
The US has granted eight Iranian oil importers temporary waivers from the sanctions set to be imposed upon the country’s energy sector on November 5.
Oil Prices Increase Before US Sanctions Against Iran
Oil prices increased by 1% on October 31, a week before US sanctions are introduced against Iran's energy sector.
Hyundai E&C Cancels $521M Iranian Petrochemicals Deal
South Korean Hyundai Engineering & Construction announced it has cancelled a $521 million agreement to build a petrochemicals complex in Iran.
Iraq to Halt Kirkuk Oil Exports to Iran
Iraq plans to stop exporting crude from its northern Kirkuk oilfield to Iran in November in compliance with US sanctions placed on the Iranian energy industry.
Saudi Arabia has ‘No Intention’ of Repeating 1973 Oil Embargo
Saudi Arabian Energy Minister stated that the Kingdom does not plan to impose an oil embargo akin to that of 1973 in response to predictions that it may cut its supply of crude for global markets by 500,000 barrel ...
Iran, Russia Agree to Increase Output by 1M b/d
Iran and Russia have reached a deal to increase oil production by 1 million barrels per day (b/d) through joint efforts.
NIOC-Owned North Sea Field Given US Sanctions Waiver
The US Office of Foreign Assets Control (OFAC) has issued a waiver that will allow the bypassing of US sanctions placed on the Rhum gas field in the UK’s North Sea, which is 50% owned by the National Iranian Oil C ...
Two Indian Companies Will Purchase Iranian Oil in November: Oil Minister
Two Indian companies have placed purchase orders for Iranian oil in November, oil minister Dharmendra Pradhan said on October 8th , adding to that India does not yet know if it will receive a waiver from the US ex ...
Traders Eye $100 WTI Ahead of Iran Sanctions
The number of oil traders betting on $100-per-barrel WTI by 2019 has surged in the past week.
