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 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 ...
The number of oil traders betting on $100-per-barrel WTI by 2019 has surged in the past week.
Emirates National Oil Company (ENOC) has reportedly chartered at least one vessel to store jet fuel as a measure to ensure supply to airlines in Dubai ahead of the US sanctions on Iranian energy trade, set to take ...
Saudi Arabia’s nuclear program is fundamental to the development of a sustainable energy sector, Saudi Energy Minister Khalid al-Falih told the International Atomic Energy Agency on September 17.
Russian energy minister Alexander Novak has expressed confidence that the OPEC-led group of crude exporters are capable of covering potential supply shortages.
Global oil demand is expected to reach 100 million barrels per day (b/d) later this year, much earlier than previously expected, OPEC Secretary-General Mohammad Barkindo stated on September 5.
Japanese oil distributors plan to suspend Iranian crude imports in October before US sanctions become effective on November 4.
Greek company Hellenic Petroleum suspended purchases of Iranian crude oil in June because of the recently reimposed US sanctions, a company official announced on August 30.
India will not cut all its crude exports from Iran, a senior Indian government official told Reuters.
