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Crude Oil
Iran Claims it is Ramping up Oil Production to Pre-Sanctions Levels
Iran's output fell following US sanctions in 2018 over its nuclear ambitions
Oil & Gas Trade
US Sanctions Chinese, UAE Firms Skirting Iran Oil Embargo
The United States on Thursday imposed sanctions against 11 Iranian, Chinese and United Arab Emirates companies accused of helping to bypass the American embargo…
Oil & Gas Trade
US Sanctions Four Shipping Firms for Transporting Venezuelan oil
The US Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort t…
Oil & Gas Trade
Venezuela Oil Exports Climb As OPEC Agreement Kicks In
While OPEC begins to scale back oil production to offset at least partially some of the world’s excess oil supply, Venezuela was busy ramping up its oil expo…
Nuclear Power Plant
Iran Pushes Ahead with Nuclear Development Despite Pandemic Restrictions
Iran's nuclear activities were continuing despite the novel coronavirus outbreak and continuing US sanctions.
Oil & Gas Trade
How US Sanctions Could Hit Russia’s Nord Stream 2 Gas Project
Swiss-Dutch company Allseas, which was laying the pipeline using two vessels – Pioneering Spirit and Solitaire – suspended work to avoid US sanctions. Allseas…
Thermal Plant
The Average Efficiency of Thermal Power Has Reached 38.1% in Iran
After negotiations with East Asian firms in 2018 to attract investment to decommission decrepit power plants failed due to the US sanctions, the government prop…
Oil & Gas Trade
Iran Still Selling Oil Despite US Sanctions on Tehran’s Exports
Iran is still selling its oil despite US sanctions on Tehran’s exports, the country’s Vice President Eshaq Jahangiri was quoted on Monday as saying by state T…
Nuclear Fuel
US Slaps New Sanctions on Iran
Washington imposes sanctions on Iranian construction sector and trade in four materials used in its military or nuclear programs, but waives others.
Oil & Gas Trade
Putin Ally Criticizes US Sanctions, American Oil and Dollar Power
September attacks on Saudi oil assets have created doubts about Saudi Arabia's status as a reliable oil supplier, Igor Sechin, Chief Executive of Russia's Rosne…
Oil & Gas Trade
US Sanctions Bringing China and Iran Together
A report by Reuters last week showed that, while sales of Iranian crude oil have significantly diminished, Tehran’s exports of oil products have hardly been af…
Oil & Gas Trade
US Sanctions on Iran's Oil Industry have Slashed the OPEC Member's Crude Exports
While US sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80 percent, oil product sales from the Islamic Republic re…
Oil & Gas Trade
Decision to Sanction Iranian FM is Latest Blow by President Donald Trump
Iran accused the United States on Thursday of "childish behaviour" driven by fear after Washington imposed sanctions on its foreign minister, escalating tension…
Us to Renew Sanction Waivers for Five Iranian Nuclear Programmes for 90 Days
The United States would renew its key sanction waivers for five Iranian nuclear programmes for a total of 90 days, White House National Security Advisor John Bo…
Oil & Gas Trade
Due to US Sanctions of Iran Export Oil, Turkey's Energy Security will be Crucial
Turkey is aiming to become a $1 trillion economy by 2023. If the story of the country’s economic development is to continue, its energy security will be crucia…
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