In recent weeks, Iran has been storing more oil onshore and at tankers at sea as it looks to continue producing oil, but its crude exports are severely restricted by the U.S. sanctions, Reuters.. OilPrice.com - Published
Turkey stopped purchasing Iranian oil as of May as U.S. waivers granted last November to eight buyers expired, and will continue to abide by Washington's demand that it halt all imports of crude oil.. Reuters - Published
According to a report by Reuters, on Tuesday, Iranian President Hassan Rouhani rejected talks with the United States, after President Donald Trump claimed that Iran would seek negotiations 'if and when..
According to a report by Reuters, on Tuesday, Iranian President Hassan Rouhani said that Iran will continue to export oil despite US pressure aimed at reducing the country's crude shipments to zero. In..
In an interview on CBS "Face the Nation", Iranian Foreign Minister Mohammad Javad Zarif reiterated his charge that a group of foreign powers plus President Donald Trump's national security advisor John..
The United States must be prepared for consequences if it tries to stop Iran from selling oil and using the Strait of Hormuz, Iran’s Foreign Minister Mohammad Javad Zarif warned on Wednesday. Zachary..
Reuters reports that oil prices skyrocketed to near six-month highs on Tuesday as President Trump tightened sanctions on Iran. The increase sent shares of energy companies higher but overall failed to..
According to Reuters, Crude oil jumped almost 3% on Monday after the United States said it will tighten a clamp-down on Iranian oil exports in May while U.S. equities were little changed as Wall Street..
According to Reuters, the United States demanded a cut off of Iranian oil exports to major importers like China and India who had been granted exemptions from sanctions. Secretary of State Mike Pompeo..
The United States on Monday said it will eliminate in May all waivers granted to eight economies allowing them to buy Iranian oil without facing U.S. sanctions, as it ratcheted up pressure to choke off..
Despite criticizing the U.S. decision not to extend any sanction waivers for Iranian oil customers, Turkey appears to be fully complying with the U.S. sanctions on Iran’s oil, Reuters reported on.. OilPrice.com - Published
A tanker carrying Iranian fuel oil has reached its destination at a Chinese port and has unloaded its cargo in storage tanks, Reuters reports, citing shipping data. The shipment violates U.S. sanctions.. OilPrice.com - Published
European firms can still buy oil from Iran as some companies don’t have interests in the United States and aren’t concerned about the U.S. sanctions on Tehran, former Iranian foreign minister Kamal.. OilPrice.com - Published
Iran's Foreign Minister Javad Zarif will hold talks with his counterpart in the Indian capital on Tuesday after New Delhi stopped purchases of Iranian oil this month in the wake of renewed U.S... Reuters - Published
Just one Indian refiner has agreed to buy additional crude oil supply from Saudi Arabia to compensate for the loss of Iranian barrels, as India’s firms have been looking for months to diversify their.. OilPrice.com - Published
It was a question that just as recently as last week was still undecided. Would Beijing kowtow to Washington’s demand that it stop importing Iranian oil at the start of May after the 180-day import.. OilPrice.com - Published
China’s two largest oil companies, CNPC and Sinopec have not ordered any Iranian oil cargoes to load this month after the expiry of the sanction waivers Washington had granted China and seven other.. OilPrice.com - Published
Syria received its first foreign oil supplies for six months last week, with the arrival of two shipments including one from Iran, a source familiar with Iranian oil shipments said, easing the war-torn.. Reuters - Published
Iran’s oil exports are plunging. Waivers on U.S. sanctions for Iranian oil purchases expired earlier this month, and there is evidence that most countries are steering clear of running afoul of.. OilPrice.com - Published
Mounting uncertainty over oil supply disruptions are clouding OPEC’s outlook on global supply for the rest of this year, a month and a half before the cartel is set to decide whether to extend its.. OilPrice.com - Published
Saudi Arabia has received several “moderate” requests to replace Iranian oil next month, Bloomberg reports, citing an anonymous source familiar with Riyadh’s oil plans. The report comes on the.. OilPrice.com - Published
The European Union will defend the Iran nuclear accord despite Tehran's decision to backtrack on its commitments in response to U.S. sanctions, diplomats believe, but European powers expect it to.. Reuters - Published
China imported around 800,000 bpd of crude from Iran in April—the highest amount that Iran’s top oil customer purchased since August last year—as Chinese refiners rushed to buy Iranian oil ahead.. OilPrice.com - Published
Exactly a year after the United States withdrew from Iran nuclear deal, the Islamic Republic said on Wednesday that it is suspending some of its commitments under the agreement and threatened to resume.. OilPrice.com - Published
2019 has been good for oil bulls. Hedge funds largely poured into the long side of the market this year as OPEC+ showed strong discipline in removing barrels from the supply chain and geopolitical.. OilPrice.com - Published
Iran is hinting that it could announce as early as on Wednesday reduced compliance under the so-called Iran nuclear deal in “counteractions” against the maximum pressure campaign of the United.. OilPrice.com - Published
An oil pipeline in the Iranian province of Khuzestan, exploded yesterday, TankerTrackers.com reported citing Iran’s state news agency IRNA and disclosing satellite images of the blast. According to.. OilPrice.com - Published
Tensions between Washington and Beijing could soon peak if China positions itself to defy President Trump’s repeal of Iranian oil sanctions waivers. On Saturday, noted Chinese analysts said that.. OilPrice.com - Published
Iran’s armed forces should prepare as if an attack were imminent, General Abdolrahim Mousavi instructed on Thursday just as the US waivers on Iranian crude oil sanctions expired, according to Radio.. OilPrice.com - Published
Turkey will not be able to “quickly” source oil from alternate sources after the US ended the waivers previously extended to Turkey for the purchase of Iranian oil, Turkish foreign minister said on.. OilPrice.com - Published
More than a week after the U.S. announced that it was ending all sanction waivers for Iranian oil customers, President Donald Trump’s policy toward Iran is still the key wild card in the oil market... OilPrice.com - Published
OPEC is trying not to mix politics with oil policy, the cartel’s Secretary General Mohammad Barkindo said on Thursday in Iran, after the Islamic Republic has stepped up rhetoric against the U.S... OilPrice.com - Published
Saudi Arabia's coast guard assisted an Iranian oil tanker with engine trouble off the coast of Jeddah in the Red Sea after Riyadh received a request for help from Iran, the state news agency SPA said.. Reuters - Published
Economists have jacked up the projection for U.S. light crude to average $60.23 per barrel in 2019 from a $58.92 forecast in March in the second and most bullish upwards revision since the beginning of.. OilPrice.com - Published
U.S. President Donald Trump's unexpected decision to ban all Iranian oil purchases after May 1 - ending exemptions for eight nations - came after hawkish economic and security advisors allayed the.. Reuters - Published
Last week the Trump administration announced that it will not be renewing six-month waivers granted to eight countries to continue buying limited quantities of Iranian oil, a move that shocked experts.. OilPrice.com - Published
Oil prices are likely to stay buoyant this year as the U.S. decision to end waivers on Iranian oil and OPEC output curbs are expected to keep supply tight, a Reuters survey showed on Tuesday. Reuters - Published
Some 20 million barrels of Iranian oil sitting on China's shores in the northeast port of Dalian for the past six months now appears stranded as the United States hardens its stance on importing crude.. Reuters - Published
Russia’s president Vladimir Putin hopes Saudi Arabia does not begin to reverse the production cuts agreed in December to fill the gap of Iranian oil on global markets. Responding to a question on the.. OilPrice.com - Published
Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions.. Reuters - Published
Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing global supply of heavy-medium crude, driving up prices for scarcer barrels and setting up a stand-off.. Reuters - Published
The end of the Iranian sanction waivers by the Trump Administration has put oil traders on edge.While most analysts are optimistic about OPEC leader Saudi Arabia being able to fill the gap left by.. OilPrice.com - Published
On Monday, in a decision that rocked oil market participants around the world, the Trump administration announced that they will not be renewing or extending oil waivers they had granted to eight.. OilPrice.com - Published
Russia’s biggest oil producer Rosneft doesn’t expect the end of the U.S. sanction waivers for all Iranian oil buyers to lead to a global supply deficit this quarter and next, Rosneft’s chief.. OilPrice.com - Published
After the Trump administration’s Monday announcement that the United States would not renew its six-month waivers to third party countries for their continued purchase of Iranian oil, India has been.. OilPrice.com - Published
Global oil markets are still adjusting to President Trump’s decision on Monday to not extend the 180-day waiver for Iranian oil imports to the country’s eight largest customers. On Thursday, global.. OilPrice.com - Published
The U.S. sanctions imposed last November on Iran have denied the country some US$10 billion in oil revenues so far, Washington’s Special Envoy for Iran Brian Hook told media. The comments were made.. OilPrice.com - Published