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Iran sells 700,000 barrels in second oil auction through Energy Bourse
Nov 11, 2018 17:17Iran on Sunday went ahead with a second public sale of its light crude oil to international clients through its Energy Bourse in a policy meant to dodge US sanctions and sell the strategic fuel to direct buyers.
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Impact of US sanctions on Iran cushioned by high oil prices, EU-US rift: Reuters
Nov 09, 2018 08:31The impacts of fresh sanctions imposed by the US on Iran have been cushioned by high oil prices and Washington’s international isolation, a report says, quoting a European diplomat.
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Iran denies reports Russia is to help with sale of oil
Nov 01, 2018 05:42Iran’s oil minister denied reports that Russia would help Tehran to circumvent the upcoming US sanctions by reselling Iranian crude oil.
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Iran’s oil sales still strong ahead of sanctions
Oct 31, 2018 05:49Market figures show that Iran’s oil sales are still powerful only a few days before the US wages a second wave of sanctions that would target the country’s oil exports.
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Iran’s major oil buyers set to defy US sanctions
Oct 30, 2018 06:18As the administration of US President Donald Trump is preparing to impose sanctions against Iran’s oil exports within the next few days, indications are already appearing that certain countries are preparing to defy Washington’s pressures to halt purchases of Iranian oil.
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No replacement for Iran’s oil: Jahangiri
Oct 29, 2018 05:51Iranian First Vice-President Eshaq Jahangiri dismissed as lies the US administration’s claims that the Islamic Republic’s crude exports would be reduced to zero by November and that Saudi Arabia is able to replace the lost share of Iran in global oil markets.
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Iran starts selling oil through its Energy Bourse
Oct 28, 2018 15:56Iran has started direct sales of oil to domestic and international buyers through its energy bourse in what appears to be a landmark strategy to dodge the impacts of returning sanctions.
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Rosneft CEO: Cutting ties with Iran to hurt Europe
Oct 26, 2018 05:53Chief Executive Officer of Russia's largest oil producer Rosneft says the decision by some European companies to cut their ties with Iran under US pressure could end up hurting Europe’s economy.
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Turkey's Tupras in talks with US for Iran sanctions waiver: Sources
Oct 19, 2018 09:02Turkey’s top refiner, Tupras, is in talks with US officials to obtain a waiver allowing it to keep buying Iranian oil after Washington reinstates sanctions on Tehran’s energy sector in November, industry sources said.
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Iran: Trump ‘hooliganism’ will not lower oil prices
Oct 16, 2018 12:36Iran’s Oil Minister Bijan Zanganeh says there is no spare capacity left for oil producers to pump more, dismissing US President Donald Trump’s pressure on OPEC to ramp up output to bring down prices.