Oil

Iran’s NIOC raises April oil selling prices for Asian buyers

Mar 17, 2022 02:14

The 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 15:42

The 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 15:34

Iran’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 05:25

British 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.
UK's Johnson set to visit Riyadh for oil talks amid growing energy crisis

Mar 14, 2022 06:03

British prime minister Boris Johnson is set to embark on a visit to Saudi Arabia this week to lobby for action to keep oil prices in check amid a growing crisis in the global energy market.
US brought Vienna talks to halt by seizure of Iran oil cargo: Report

Mar 13, 2022 04:48

A report holds the US to blame for the pause in the talks in Vienna on a potential revival of the 2015 Iran deal, saying the halt was announced in the wake of Washington's seizure of Iranian oil cargo at sea.
Saudi, UAE leaders reject calls with Biden as US seeks help on oil price surge

Mar 09, 2022 05:24

The leaders of Saudi Arabia and the United Arab Emirates have reportedly declined calls with US President Joe Biden as Washington tries to ease surging oil prices amid Russia’s military operation in Ukraine.
US gas prices soar to 13-year high over Russia's Ukraine operation

Mar 07, 2022 05:26

US gasoline prices have reached a 13-year high as Western sanctions on Russia over its military operation in Ukraine continue to disrupt the global energy market.
US, European allies ‘discuss banning Russia oil imports’

Mar 07, 2022 05:19

The US says the country and its European allies are discussing banning Russian oil imports as a means of stepping up their punitive measures against Moscow over its ongoing military operation in Ukraine.
Iran’s Bank Tejarat wins contract for major fuel pipeline

Mar 07, 2022 02:14

Iran’s Bank Tejarat has committed to providing finances required for a major fuel pipeline project in the country’s south as part of a contract signed with the Iranian Oil Ministry.