-
Biden administration weighs largest ever draw from emergency oil reserve: Sources
Mar 31, 2022 02:22US President Joe Biden is expected to announce a massive release of the country’s strategic oil reserves on Thursday, as the White House tries to lower fuel prices.
-
Iran’s oil exports up 40% as US tanker seizure campaign fails
Mar 31, 2022 00:37Iran’s crude oil exports have surged 40% since August when the new administration came to office, the CEO of the National Iranian Oil Company (NIOC) says, adding gas condensate sales have grown 250%.
-
Iran’s annual non-oil trade hits $100 billion record
Mar 28, 2022 00:38The value of Iran’s non-oil trade exchanges in the previous Iranian year (ended on March 20) hit a record high of $100 billion, a deputy minister announced.
-
Iran ready to cover India's oil needs, ambassador says
Mar 19, 2022 09:43Iran says it is willing to meet the energy security needs of India, the world's third biggest oil importer and consumer.
-
Iran managed to increase oil sales despite intense US pressure: Oil minister
Mar 18, 2022 03:24Iran's Oil Minister Javad Owji says the Islamic Republic has managed to increase its oil sales and receive all the revenues despite intensified pressure from Washington to halt the sales by trying to seize Iranian oil tankers.
-
‘Wrong side of history’: US warns India against crude imports from Russia
Mar 17, 2022 03:41In a veiled warning, the US government has asked India to consider its place in “history books” as the Narendra Modi government in New Delhi mulls Russia’s offer for discounted crude oil.
-
Iran’s NIOC raises April oil selling prices for Asian buyers
Mar 17, 2022 02:14The National Iranian Oil Company (NIOC) has increased its crude oil selling prices for Asian buyers in April amid a global surge in oil prices and after rival regional producer Saudi Arabia announced similar hikes earlier this month.
-
West’s Russia sanctions expose global oil supply to biggest crisis: IEA
Mar 16, 2022 15:42The International Energy Agency (IEA) says the West’s crippling sanctions on Russia threaten the world with the biggest global oil supply shock in decades.
-
Iran’s floating crude storage cut by 20 mln barrels: Minister
Mar 16, 2022 15:34Iran’s Oil Minister Javad Owji says the country has drawn some 20 million barrels from a floating inventory of more than 85 million barrels of oil that has been stored on dozens of Very Large Crude Carriers (VLCCs) in the Persian Gulf.
-
UK minister defends PM Johnson's plan to visit Riyadh for oil lobbying
Mar 16, 2022 05:25British Health Secretary Sajid Javid has defended Prime Minister Boris Johnson’s decision to travel to Saudi Arabia to lobby for action to keep oil prices in control amid a spiraling crisis in the global energy market.