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Iran boosts crude output from oilfield shared with UAE

Iran has begun taking crude oil from a new platform installed at Salman oilfield, a major oil reserve located in the Persian Gulf and shared with the United Arab Emirates.

Iran’s 11-month crude steel production over 18.5m tons

Iran produced over 18.5 million tons of steel ingots during the first 11 months of the current Iranian year (March 21, 2019-February 19, 2020), registering a four percent rise compared to the corresponding figure of preceding year which was 17.7 million tons.

Iran produced over 2mbd of crude in January: OPEC

Iran produced 2.086 million barrels per day (mbd) of oil in January, a 9,000-bpd decrease from 2.095 million bpd in December 2019, according to OPEC’s latest monthly report.

Last three quarters of 2019 log higher crude steel output

Production of steel ingot rose four percent in Iran during the first nine months of the current Iranian calendar year (March 21-Decemebr 21, 2019).

Official: Crude sales to make up just 7% of Iran’s income next year

Iran’s foreign oil sales, once a staple of the country’s yearly budgets, will account for a tiny portion of government's projected revenues equal to seven percent in the next Iranian calendar year beginning on March 21, 2020.

Saudi’s oil shipment change raising concern about crude supply

Saudi state oil firm Aramco told Japanese refiner JXTG Nippon Oil & Energy about a possible change in shipment, raising concern about the kingdom’s ability to supply crude oil after attacks on its refineries, the Nikkei Asian Review reported.

NIOC to offer heavy crude at IRENEX

The National Iranian Oil Company (NIOC) is planning to offer two million barrels of heavy crude oil in Iran Energy Exchange (IRENEX) on Tuesday for the second consecutive week.

Iran to put light crude up for sale

The National Iranian Oil Company will offer two million barrels of light crude oil at the International Ring of the Energy Exchange (IRENEX) on Tuesday at the base price of $67.32 per barrel.

China’s April crude imports from Iran top 792,000 bpd

China’s crude oil imports from Iran hit a five-year high in April at 792,380 bpd or 3.24 million tons, before the expiry of US sanction waivers for Iranian oil on May 2, data released by the Customs General Administration showed.

Rouhani: Iran to keep exporting crude despite US pressure

Economic Desk

Crude refusal: China shuns US oil despite trade war truce

China, the world’s top oil importer, is set to start 2019 buying little or no crude from the United States despite a three-month truce in a trade scrap between the two nations, with relatively high freight costs and political uncertainty choking demand.

China-linked VLCCs storing Iran crude; loading from Kharg Island

Some Iranian crude exports are coming into the international market through non-Iranian companies that are offering their VLCCs for transporting as well as storing Tehran's oil, several oil shipping industry sources in Malaysia, Singapore, the UK and China said this week.

IMIDRO: Nine-month crude steel output increased 20%

Domestic Economy Desk

Amid US sanctions, India placed orders for Iran crude oil supply for November

Indian public sector companies have already placed orders with Iran for crude oil supply during November, a senior government official said in Singapore on Friday.

Iran: US sanctions cannot stop crude exports

The United States cannot stop Iranian oil exports by imposing sanctions on Iran, Oil Minister Bijan Namdar Zanganeh said on Tuesday, warning that such restrictions would ensure that the market remains volatile.