TEHRAN, April 18 - The Russian Energy Ministry is working with Iran on extension of the agreement on oil supplies to Russia under the oil -for-goods program for five years, Minister Alexander Novak told reporters.
TEHRAN, April 16 -Oil fell nearly 2 percent on Monday after U.S. drilling activity rose and fears waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.
TEHRAN, April 11 - China state-run refiner Sinopec will cut back on its nominations of Saudi Arabian crude in May after the major OPEC producer's latest official selling prices came out above market consensus, potentially providing other producers in the Middle East and Asia Pacific with a chance to boost sales to the giant Asian consumer.
TEHRAN, April 10 - Oil markets rose for a second day on Tuesday on hopes that a trade dispute between the United States and China, the world’s two biggest crude consumers, may be resolved without greater damage to the global economy.
TEHRAN, April 03 - South Korea has reportedly started replacing condensate from Iran which has been cutting supplies to Asia because new splitters are coming online in the country.
TEHRAN, April 02 - Oil rose towards $70 a barrel on Monday, lifted by a drop in drilling activity in the United States and concerns that Washington could reintroduce sanctions against Iran.
TEHRAN, March 17 - Iran will not raise oil production in the new Persian year which begins on Wednesday, Managing Director of the National Iranian Oil Company (NIOC) said.
TEHRAN, March 14 - Iran's state-run oil company signed a $740 million agreement with a Russian-Iranian consortium to develop two oil fields near the Iraqi border.
TEHRAN, March 10 - Japan will not lift any Iranian crude oil this month which will also see Iran’s exports fall to the lowest level in two years, unconfirmed reports said.
TEHRAN, March 10 - Japan will not lift any Iranian crude oil this month which will also see Iran’s exports fall to the lowest level in two years, unconfirmed reports say.
TEHRAN, March 6- India’s ONGC Videsh Ltd (OVL) signed a cooperation agreement with Iran’s IDRO Oil to jointly bid for a $900 million development plan of Susangerd oil field in southwest Iran.
TEHRAN, March 1 - The Trump administration is considering sanctioning a Venezuelan military-run oil services company and restricting insurance coverage for Venezuelan oil shipments to ratchet up pressure on socialist President Nicolas Maduro, a U.S. official said on Wednesday.
TEHRAN, February 27 - Oil trade between Iran and France surpassed $2 billion in 2017, French Ambassador to Tehran Francois Senemaud said Tuesday, hoping bilateral business will continue as normal.
TEHRAN, February 27 - Iran’s exports of condensates are set to fall in the coming months as more phases of the Persian Gulf Star Refinery are coming online.
TEHRAN, February 27 - An oil swap plan between Iran and Iraq is facing delays due to safety problems, secretary of the Iran-Iraq Chamber of Commerce says.