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Iran crude output up 28% y/y in July to nearly 2.5 million bpd: OPEC data
Aug 19, 2021 00:55Latest data by the Organization of Petroleum Exporting Countries (OPEC) shows Iran continued to increase its crude oil output in the calendar month to late July.
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Attempts to undermine Russia’s Nord Stream 2 project doomed to failure: Lavrov
Aug 18, 2021 01:41Russian Foreign Minister Sergei Lavrov says all future attempts by the US-led Western countries to undermine the Nord Stream 2 project, a sprawling undersea pipeline that will carry Russian gas directly into Germany, are doomed to failure.
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NIOC raises September crude prices for Asian customers
Aug 18, 2021 01:02The National Iranian Oil Company (NIOC) has raised the September official selling prices (OSPs) for crude deliveries to customers in Asia.
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Oil prices steady after US call for more oil raises supply concerns
Aug 12, 2021 07:20Oil prices remained steady on Thursday following two days of gains after a call by the US for major producers to increase output reinforced supply concerns.
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Iran’s nominated oil minister says he will push for increased gas output
Aug 11, 2021 12:07A nominee to take over the role of Iran’s oil minister in a new administrative government led by President Seyyed Ebrahim Raeisi says he’ll push for increased natural gas output beyond the current enviable record of nearly 1 billion cubic meters (3.5 billion cubic feet) per day.
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New oil terminal gives Iran greater geopolitical power
Jul 28, 2021 07:23A new oil exports terminal which Iran inaugurated on the Sea of Oman last week cuts travel time by five days, sharply reducing transportation expenses, its head says.
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Iran formally opens oil terminal outside Strait of Hormuz
Jul 22, 2021 09:23Iran has formally inaugurated its new crude oil export terminal on the Sea of Oman, a project hailed by President Hassan Rouhani as a historic achievement which could prove vital in the country’s energy future.
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High oil prices won’t benefit producers in long-run: Zanganeh
Jul 18, 2021 12:26Iran’s Oil Minister Bijan Namdar Zanganeh says rising international oil prices won’t benefit producers in the long-run as he warns against impacts of the prices on the oil production economy.
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US transfers convoys laden with stolen Syrian oil from Hasakah to Iraq: SANA
Jul 16, 2021 14:35US military vehicles, including tanker trucks laden with stolen Syrian oil, have left the Khrab al-Jir base in the northeastern province of Hasakah for Iraq over the past 24 hours.
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Iran won’t hesitate to return to oil market, Zanganeh tells OPEC+
Jul 04, 2021 01:24Iran’s Oil Minister Bijan Namdar Zanganeh has told the OPEC+ alliance of oil producing nations that Iran will not hesitate to return to the oil markets once US sanctions on the country are lifted.