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Crude oil prices rise to over $110
Oil prices rose on Monday in choppy trade, with Brent crude topping $112 a barrel, as outages in Libya deepened concern over tight global supply.
Oil prices keep rising with falling supplies in focus
Oil prices rose by more than 2% on Wednesday after Moscow said that peace talks with Ukraine had hit a dead end, fuelling supply worries, while weak economic data from China and Japan kept a lid on gains.
Iran hikes selling price for all crude grades at record
The National Iranian Oil Company (NIOC) has raised the official selling price (OSP) for all its crude grades bound for Asia, the Mediterranean and Europe in an indication of Iran’s return to the market and rising demand for its oil.
Iran’s largest crude producer increases output by 600,000 bpd
The National Iranian South Oil Company (NISOC), which is the largest oil and gas company in the country in terms of output, said it has increased its production by nearly 600,000 barrels per day (bpd) compared to figures recorded in August 2021.
Iran’s six-month crude steel output tops 9.9m tons
Iran’s major steel producers produced over 9.9 million tons of steel ingots during the six months to September 22, registering a 12-percet decline year on year.
Iran to pay energy project investors in crude: Minister
Iranian Oil Minister Javad Owji said the country would seek to attract investment into major petroleum projects through a barter system involving crude.
China's crude imports rebound as state refiners return from overhauls
China’s crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance, though independent refineries slowed restocking amid probes by Beijing into trading and taxes.
OPEC+ hikes June output by 540,000 bpd amid higher demand for crude
OPEC and its allies added 540,000 bpd of crude in June to a market hungry for oil as summer kicked off, according to the latest S&P Global Platts survey.
Minister estimates Iran lost $100b in crude revenues since 2018
Iran’s Oil Minister Bijan Namdar Zanganeh said the country has lost an estimated $100 billion in crude revenues since 2018 because of US sanctions that hampered sales and due to lower prices in international markets that was caused by the coronavirus pandemic.
Iran crude revenues nearly doubled in quarter to December: CBI report
Latest economic performance data released by the Central Bank of Iran (CBI) show the country nearly doubled its crude revenues in the quarter to late December.
Iranian tanker seized by Indonesia released after four months
An Iranian-flagged tanker seized by Indonesia in January over allegations of illegal transfer of crude oil has been released, Indonesian officials and Iranian national TV said on Saturday.
Iran plans to produce 32m tons of crude steel this year
The Ministry of Industry, Mine, and Trade of Iran has plans to produce 32 million tons of crude steel in the current Iranian year that started on March 21.
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.

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