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Oil & Gas Trade
Iran Pressures South Korea To Pay Debts For Oil Exports
The governor of Iran's Central Bank has threatened legal action against South Korea if the Asian country’s banks refuse to unlock billions of dollars owed to I…
Oil & Gas Trade
Iran Ready to Send More Fuel to Crisis-Stricken Venezuela
Iranian Foreign Ministry spokesman Abbas Musavi says Tehran will continue to export fuel to Venezuela if the South American country requests more supplies.
Oil & Gas Trade
US and Iran on Collision Course Over Oil Shipments to Venezuela
The first of five Iranian oil tankers headed to Venezuela has arrived, amid tension over the possibility the United States could attempt to halt the deliveries.
Oil Price
OPEC Daily Basket Price Stands at $14.36 a Barrel Wednesday
The price of OPEC basket of thirteen crudes stood at $14.36 a barrel on Wednesday, 29th April, 2020, compared with $12.41 the previous day, according to OPEC Se…
Oil Field
Production of Iran's South Yaran Oil Field Increases
The oil production at the South Yaran joint oil field in Khuzestan province in southwestern Iran (this field is called Majnoon field in Iraq) was increased as a…
Oil & Gas Trade
Iran doesn't Agree with Holding OPEC+ Meet Without Clear Outcome
Iran’s Oil Minister, Bijan Zanganeh, said his country does not agree with holding any OPEC+ meeting in the absence of a clear proposal and expected outcome fro…
Oil & Gas Trade
Millions of Barrels of Iranian Oil Are Piled Up in China’s Ports
Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s…
Oil & Gas Trade
US Weighing Extension of Iran Oil Waiver after China's Defiance
The US State Department is seriously considering using an Obama-era loophole to allow China to import oil from Iran, violating the Trump administration’s earli…
Oil & Gas Trade
India Stops Buying Iran Oil
Iran was the third largest supplier of crude to India, behind only Iraq and Saudi Arabia, but after the sanctions waiver granted to India in November expired la…

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