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Iran Stores More Crude Oil As U.S. Sanctions Stifle Exports 

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: Turkish official

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

Videos for "Iranian Oil"

Regional reach strengthens Iran's hand against U.S. [Video]Regional reach strengthens Iran's hand against U.S.

As saber-rattling between the U.S. and Iran intensifies, Washington is clearly the stronger power. But Iran has cards to play too, including its support for regional militias and its strategic..

Credit: Reuters - Politics     Duration: 02:48Published

Iran's Rouhani Rejects Talks Until U.S. Falls In Line With 2015 Accord [Video]Iran's Rouhani Rejects Talks Until U.S. Falls In Line With 2015 Accord

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..

Credit: Wochit     Duration: 00:58Published

Iran foreign minister slams Washington for 'escalating the situation unnecessarily' [Video]Iran foreign minister slams Washington for 'escalating the situation unnecessarily'

Iran's Foreign Minister Javad Zarif accused Washington of "escalating the situation unnecessarily," as he arrived in the Indian capital for meetings. Rough cut - no reporter narration.

Credit: Reuters Studio     Duration: 00:53Published

The Last Hope To Save The Iran Nuclear Accord [Video]The Last Hope To Save The Iran Nuclear Accord

According to Reuters, diplomats believe that the European Union will defend the Iran nuclear accord despite Tehran’s decision to backtrack on its commitments in response to U.S. sanctions. However,..

Credit: Wochit     Duration: 00:54Published

Iran to Europe: help us or nuke deal could die [Video]Iran to Europe: help us or nuke deal could die

Iran says it could walk away from much of its nuclear deal with international powers if Europe doesn't help it to cope with U.S. sanctions. Francesca Lynagh reports.

Credit: Reuters Studio     Duration: 01:47Published

U.S. deploying carrier, bombers to deter Iran: Bolton [Video]U.S. deploying carrier, bombers to deter Iran: Bolton

The Trump administration is deploying a carrier strike group and bombers to the Middle East in response to troubling “indications and warnings” from Iran and to show the United States will..

Credit: Reuters Studio     Duration: 01:24Published

Nations Using Oil 'As A Weapon' Causing Damage to OPEC [Video]Nations Using Oil 'As A Weapon' Causing Damage to OPEC

According to Reuters, Iran’s oil minister hit out on Wednesday against the use of oil sanctions “as a weapon” by the United States and the damage it was doing to OPEC. Oil prices hit their..

Credit: Rumble     Duration: 00:37Published

Iran Oil Minister: Nations 'Weaponizing' Oil Risk Destroying OPEC [Video]Iran Oil Minister: Nations 'Weaponizing' Oil Risk Destroying OPEC

Iran's oil minister said Wednesday that any country using oil as a weapon could cause the collapse of oil producer group OPEC. Oil prices have hit their highest since November in recent days, after..

Credit: Rumble     Duration: 00:35Published

Iran Defiant In The Face Of U.S. Pressure, Says Oil Exports Will Continue [Video]Iran Defiant In The Face Of U.S. Pressure, Says Oil Exports Will Continue

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..

Credit: Wochit News     Duration: 00:36Published

'We don't believe' Trump wants confrontation: Iran's Zarif [Video]'We don't believe' Trump wants confrontation: Iran's Zarif

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..

Credit: Reuters Studio     Duration: 01:52Published

Trump doesn't want war, but could be lured: Iran's Zarif [Video]Trump doesn't want war, but could be lured: Iran's Zarif

Iranian Foreign Minister Mohammad Javad Zarif does not believe U.S. President Donald Trump wants war with Iran, but said on Wednesday that Trump could be lured into a conflict. Jillian Kitchener..

Credit: Reuters - Politics     Duration: 02:41Published

Iran's Zarif warns U.S. of 'consequences' over oil sanctions [Video]Iran's Zarif warns U.S. of 'consequences' over oil sanctions

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..

Credit: Reuters Studio     Duration: 01:30Published

Oil: Saudi's Falih sees no need for swift output action after Iran waivers end [Video]Oil: Saudi's Falih sees no need for swift output action after Iran waivers end

Saudi Arabia's energy minister said on Wednesday he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude. David Pollard reports.

Credit: Reuters Studio     Duration: 01:52Published

Oil Races To Near Six-Month High [Video]Oil Races To Near Six-Month High

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..

Credit: Rumble     Duration: 00:35Published

Oil prices surge after U.S. tightens sanctions [Video]Oil prices surge after U.S. tightens sanctions

Oil prices rose to fresh six-month highs on Tuesday following the U.S. decision to tighten sanctions on Iran. Julian Satterthwaite reports.

Credit: Reuters Studio     Duration: 01:17Published

Iran's Attempt To Close The Strait of Hormuz [Video]Iran's Attempt To Close The Strait of Hormuz

According to Reuters, a senior U.S. administration official said on Monday that any move by Iran to close the strategic Strait of Hormuz in response to the United States ending oil waivers for..

Credit: Rumble     Duration: 00:36Published

Oil Jumps As U.S. Plans To Tighten Iran Sanctions [Video]Oil Jumps As U.S. Plans To Tighten Iran Sanctions

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..

Credit: Rumble     Duration: 00:55Published

U.S. to End All Waivers On Iran Oil Imports, Crude Price Jumps [Video]U.S. to End All Waivers On Iran Oil Imports, Crude Price Jumps

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..

Credit: Rumble     Duration: 00:35Published

Trump Administration Won't Renew Import Waivers For Iranian Oil [Video]Trump Administration Won't Renew Import Waivers For Iranian Oil

According to Reuters, the Trump administration wants to cut Iranian oil exports to zero.

Credit: Rumble     Duration: 00:42Published

Trump Administration Wants Iranian Oil Exports At Zero [Video]Trump Administration Wants Iranian Oil Exports At Zero

According to Reuters, the Trump administration wants to reduce Iranian oil exports to zero.

Credit: Rumble     Duration: 00:39Published

Waivers For Iran Oil Imports To End In May [Video]Waivers For Iran Oil Imports To End In May

According Reuters, on Monday The United States said in May it will eliminate all waivers granted to eight economies allowing them to buy Iranian oil without facing U.S. sanctions, as it ratcheted up..

Credit: Rumble     Duration: 00:59Published

Trump Takes Away Waivers In Buying Iranian Oil [Video]Trump Takes Away Waivers In Buying Iranian Oil

President Donald Trump’s administration ended waivers that let some nations buy Iranian oil. Before, some countries could buy oil without U.S. sanctions but now everyone will face full sanctions...

Credit: Rumble     Duration: 00:32Published

U.S. to end Iran oil waivers, crude prices spike [Video]U.S. to end Iran oil waivers, crude prices spike

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..

Credit: Rumble     Duration: 01:44Published

Stocks tread water ahead of earnings deluge [Video]Stocks tread water ahead of earnings deluge

U.S. stocks were little changed Monday as investors prepared for the busiest week so far in this quarterly corporate reporting season. Conway G. Gittens reports.

Credit: Reuters Studio     Duration: 01:45Published

Turkey Criticizes US Decision To Terminate Sanction Waivers With Iranian Oil [Video]Turkey Criticizes US Decision To Terminate Sanction Waivers With Iranian Oil

Turkey does not agree with the U.S. decision to end waivers on Iranian oil sanctions. The country’s Foreign Minister Mevlut Cavusoglu said it would not serve regional peace and stability. He said:..

Credit: Wochit     Duration: 00:32Published

 

Initially Defiant Turkey Complies With U.S. Sanctions On Iranian Oil

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

Mystery Tanker With Iranian Oil Unloads In China

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

Iranian Official: Europe Can Still Buy Iran’s Oil

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 foreign minister in India for talks after U.S. sanctions

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

India Not Rushing To Buy Extra Saudi Oil To Offset Lost Iranian Supply

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

Chinese Oil Majors Backtrack On Pledge To Buy Iranian Oil

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

Sinopec, CNPC Stop Buying Iranian Oil In May

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

Iran sent oil shipment to Syria, easing fuel crisis: source

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 Implode As Sanctions Sting

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

Significant Supply Outages Put OPEC In A Very Difficult Position

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

Saudis Get ‘’Moderate’’ Requests To Replace Lost Iranian Oil Supply

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

China and India seen as Europe's last hope to save Iran deal

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’s Oil Imports From Iran Jumped Before U.S. Waivers Ended

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

Iran Suspends Some Nuclear Deal Pledges, Seeks Protection For Oil Trade

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

Ballooning U.S. Crude Stocks Cap Oil Prices

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

U.S. says no more sanctions waivers for Iran oil purchases

The United States will not grant any more waivers to any countries that would allow them to buy Iranian oil without facing U.S. sanctions, a senior U.S. diplomat said on Wednesday.
Reuters - Published

Tehran Vows ‘Counteractions’ As Tensions Grow

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

Iranian Oil Pipeline Explodes

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

China Set To Defy U.S. Sanctions On Iran

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 Readies For Attack As US Waivers On Iranian Oil Expire

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 Can’t Fill Oil Void Left By U.S. Sanctions On Iran

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

BP CEO: Trump Is The Wild Card In Oil Markets

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’s Head In Tehran: Organization Tries To Depoliticize Oil

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 assists Iranian oil tanker in Red Sea, no injuries

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: Higher Oil Prices Here To Stay

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

The debate behind Trump's move to tighten Iran oil sanctions

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

Contaminated Crude Adds Insult To Injury For European Refiners

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

OPEC supply squeeze seen supporting higher oil prices: Reuters survey

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

Boxed in: $1 billion of Iranian crude sits at China's Dalian port

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

Putin: Saudis Shouldn't Break Output Cut Deal

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 falls after Trump urges greater OPEC output to replace Iranian oil

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

U.S. sanctions on Iran, Venezuela set up crunch for heavier oil

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

Why An OPEC Oil Supply Surge Won’t Happen

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

OPEC Unfazed By Potential Supply Shortage

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

Rosneft Sees No Oil Deficit Looming As Iran Sanction Waivers End

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

Is This The End For India-Iran Energy Relations?

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

Iran Demands U.S. Apologize For “Illegal” Sanctions

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

U.S. Sanctions Strip Iran Of $10 Billion In Revenues

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

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