Latest news
U.S. Sanctions Won’t Affect Iraq-Iran Crude Oil Swap Deal
The return of the U.S. sanctions on Iran will not impact an agreement between Iran and Iraq to swap crude oil, Iraq’s Oil Minister Jabbar al-Luiebi said on Friday.
read more... 25/06/2018
Daily (21.06.2018): European power spot prices tumbled on Wednesday due to increased wind generation
Brent crude edged 0.5% lower to $74.74 a barrel on Wednesday, as Iran announced about the possibility to slightly raise the output. Moreover, Saudi Arabia is planning to return 500,000-600,000 barrels to the market.
read more... 21/06/2018
Iran Rejects Possibility of Oil Production Increase
Iran opposes to oil production increase
read more... 21/06/2018
Iran Plans 400,000 Bpd Increase In Oil Field Capacity
Iran plans to increase the production capacity of its oil fields by 400,000 bpd, state news agency Irna reports, quoting National Iranian Oil Company’s deputy head Gholamreza Manouchehri.
read more... 20/06/2018
Spain’s Repsol Buys New Crude Cargo from Iran Despite US Sanctions
Iran sold its first cargo from West Karoun to Spain’s Repsol after the US decision to exit the Joint Comprehensive Plan of Action (JCPOA). Repsol ordered 500,000 bpd of spot cargoes of West Karoun crude which Iran is marketing as Pars oil.
read more... 07/06/2018