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Oil’s vaccine trade faces hurdles ahead
Dec 24, 2020 20:39The world’s major oil forecasters – the International Energy Agency, the US Energy Information Administration and the Organization of Petroleum Exporting Countries – slowly began to factor the coronavirus into their outlooks, initially seeing its impact limited to China. But by April it was apparent that the disease was spreading rapidly elsewhere. Forecasts for 2020 oil demand were slashed and they haven’t recovered much in subsequent months as the statistic charts shows.
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Trump failed to reduce Iran oil exports to zero: President Rouhani
Dec 06, 2020 17:53President Hassan Rouhani said despite the economic war launched by the administration of US President Donald Trump against Tehran, Washington has failed in its efforts to shrink the Islamic Republic’s oil exports to zero.
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Iran’s refining capacity up by 24%, second largest in OPEC: Report
Oct 11, 2020 15:42Iran’s capacity for refining crude and other products has increased by nearly a fourth in four years to 2020 to become the second largest in the Organization of Petroleum Exporting Countries (OPEC).
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Venezuela’s special envoy lauds Iran for fuel shipments
Jul 07, 2020 07:06A special envoy of the president of Venezuela visited Tehran to express his country’s gratitude to Iran for freighting several consignments of gasoline and supporting the Latin American nation in the struggle with the US imperialism.
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Hawkish Israeli PM threatens to block Iran oil shipments
Mar 08, 2019 05:46Zionist regime's Prime Minister Benjamin Netanyahu has issued another military threat against Iran, this time saying that the regime’s navy could take action against Iranian oil shipments.
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Iran: Trump pressing oil majors to raise output
Sep 23, 2018 17:08Iran has criticized the United States of pressuring oil producers of the Persian Gulf region to increase their output, expressing hope that member states of the Organization of the Petroleum Exporting Countries (OPEC) would not yield to “orders” by US President Donald Trump to turn the taps on.
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Japan talking ‘tenaciously’ to US on Iran oil imports
Sep 05, 2018 12:40Japan says it is pressing the US for exemptions from new sanctions to continue oil imports from Iran.
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Iran says Trump’s oil bans to backfire on US
Jul 04, 2018 18:45Iran says the US would eventually shoot itself in the foot if it sanctions purchases of Iranian oil by international corporations.
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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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Iran rejects spat with Russia over Saudi oil push
Jul 03, 2018 16:34A senior Iranian oil official has played down differences with Russia over a Saudi-led push to raise crude oil production which has prompted Tehran to warn against breaching OPEC’s current output limits.