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CBI Governor: Japan Restarts Oil Imports from Iran

21 January 2019 - 16:21
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati announced on Monday that Japan has resumed supply of crude from Iran.

Iran to Sell Oil via Stock Exchange for 3rd Time

21 January 2019 - 15:50
The third stage of a plan to sell Iranian oil through the stock exchange will kick off this week, the oil minister said.

Int’l Energy Expo to Kick Off on Iran’s Kish Island Monday

21 January 2019 - 15:46
The 15th edition of the Kish International Energy Exhibition will open on Iran’s southern island of Kish on Monday with representatives of 11 foreign countries in attendance.

US Could Soon Produce More Crude Than Saudis and Russians

21 January 2019 - 15:41
America’s journey to pre-eminence in the global oil trade is about to hit another milestone. By the shale-oil boom, the US is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By mid-year America will go one better, Bloomberg reported.

Saudi Arabia Sanguine About Oil Market Future

20 January 2019 - 15:38
Saudi Energy Minister Khalid al-Falih said he was "very optimistic" about the outlook for the oil market after producers cut output to support flagging prices.

Brent, WTI Prices Rise on OPEC Output Cuts

19 January 2019 - 16:10
Oil prices rose on Friday after a report from the Organization of the Petroleum Exporting Countries showed its production fell sharply last month, easing fears about prolonged oversupply.

China Offers NIOC $3b Oil-Field Deal 3

19 January 2019 - 16:00
China’s state-run energy giant is making a new approach to strike a $3 billion Iranian oil field, seeking to take advantage of waivers allowed under US sanctions even as two European nations have ended crude purchases, according to people familiar with the matter.

US Likely to Extend Iran Oil Sanctions Waivers

19 January 2019 - 15:46
The United States is likely to extend waivers from sanctions on Iranian oil imports in May, but will reduce the number of countries receiving them to placate top buyers China and India and to decrease the chance of higher oil prices, analysts said.

Report: China Seeking $3bln Oil Deal with Iran Despite US Sanctions

18 January 2019 - 21:33
China's state-run energy giant Sinopec offered a three-billion-dollar deal to further develop an Iranian oilfield the two countries are already working on, media reports said.

Opec says cuts needed to counter non-Opec supply growth

17 January 2019 - 19:07
In its first monthly report since Opec and partners agreed a new supply restraint deal, the organisation said the deal was "essential" to maintaining market balance, given monetary policies that "could provide further support to ongoing increases in non-Opec supply."
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