OIL

UK imposes sanctions on one Iranian oil magnet, 4 entities

The United Kingdom government imposed sanctions on one Iranian individual and four entities on Wednesday with the…

Oil minister says Iran has no unsold oil at sea

Petroleum Minister Mohsen Paknejad says that not a single barrel of unsold Iranian oil is left at sea, stressing that…

Iran denies reports its oil is stacking up at sea

An Iranian Oil Ministry source has denied reports suggesting that the country is grappling with an increasing stock of…

Iran seizes foreign oil tanker in Persian Gulf, 17 arrested

Iran on Monday seized a tanker carrying over 2 million liters of smuggled fuel near Jask, arresting 17 foreign suspects.

China rejects US demand to stop buying oil from Russia , Iran

The Chinese Ministry of Foreign Affairs has stated that it has no plans to revise its energy policy due to external…

Iran, Iraq emphasize resolving gas export, payment issues

Iran's oil minister stressed resolving gas export and payment issues during a meeting with Iraq’s electricity…

Iran’s oil sector ready to tackle potential return of UN sanctions: Minister

Iran’s Oil Minister Mohsen Paknejad says the country has been planning for a potential scenario in which the United…

Iran’s oil export revenues up 14% to nearly $47bn in 2024: OPEC

Iran managed to significantly increase its oil export revenues last year, according to new OPEC data, which shows that…

Snapback to barely impact Iran’s oil exports: Report

Iran’s oil exports would remain almost unscathed if a series of old UN sanctions are reimposed on the country,…

Iran’s oil exports at all-time records in May

Data released by international tanker tracking services show that Iran’s oil exports were at record highs in May…