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Iran says its missing barrels cannot be compensated
Sep 24, 2018 18:14Iran says no country can ever compensate for its missing oil supplies to markets in case the US materializes its threat to bring the Islamic Republic’s oil exports to zero with a top official saying that US President Donald Trump would sooner or later have a change of heart over his campaign to the same effect.
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US zero exports target impossible in tight market: Iran
Sep 15, 2018 05:49A senior Iranian oil official says the United States will fail to drive Iranian oil exports down to zero as the market is already tight and rival producers are not able to make up the shortfall.
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Iran’s oil revenues up 60% year-on-year
Sep 11, 2018 06:06The latest official figures show that Iran’s oil revenues over a period of four months starting March 21, 2018 saw a whopping rise compared to the same period last year.
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Saudi Arabia will not boost oil export this month, official says
Jul 20, 2018 06:15Saudi Arabia's governor to the Organization of the Petroleum Exporting Countries (OPEC) says the kingdom’s oil export will be little changed this month, dealing a setback to US President Donald Trump who had pinned hopes on Saudis to reduce oil prices in global markets.
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Trade tariff war with US pushing Chinese oil buyers to Iran
Jul 17, 2018 05:41Indications are growing that Chinese companies are scrapping plans to purchase oil from the United States and are instead turning to Iran for imports in what appears to be a result of escalating trade tariff war between Beijing and Washington.
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US budges in Iran oil sanctions drive, says waivers possible
Jul 17, 2018 05:18The United States has made a surprise revelation that could suggest its campaign to bring down Iran’s oil exports to zero is based on ‘miscalculations’ – as Iran had earlier warned.
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Oil prices keep rising as US sanctions on Iran loom
Jul 04, 2018 15:13Looming sanctions on Iran coupled with reports of tightening US fuel inventories continue to drive oil prices higher, with Brent crude futures trading over $78.10 per barrel on Wednesday.
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Riyadh says ready to balance market with surplus oil
Jul 04, 2018 05:29Saudi Arabia says it is ready to use its surplus two million barrels of oil production capacity to even out the global market.
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Iran plans private-sector oil sales to thwart US sanction: First VP
Jul 01, 2018 16:54Iran's first vice president says the country is considering oil exports by the private sector in a bid to thwart forthcoming US sanctions, which mostly aim to curtail the Islamic Republic's revenues by blocking its crude oil exports.
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Iran sanctions expected to push oil prices to $90
Jun 29, 2018 19:20Experts say disruption to crude oil supplies from Iran as a result of US sanctions may push oil prices to as high as $90 a barrel.