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Venezuela doubles oil output despite US bans thanks to Iran’s help

Venezuela has doubled its oil production over the past months thanks to Iran's help in defiance of US sanctions against Caracas, oil industry analysts said.

Iran awards petroleum contracts to Russian firms: Report

Iran has awarded contracts to Russian companies for involvement in development work in its oil and gas fields, said a report by Tasnim News Agency.

China puts 4m barrels of Iranian oil into state reserves

China has offloaded nearly four million barrels of Iranian crude oil into state reserve tanks in the southern port city of Zhanjiang over the past few weeks, a trade source and ship tracking specialist Vortexa Analytics said on Thursday.

NIOC head: Iran oil sales growing since new gov’t took office

Iran's oil revenues have not only increased significantly in recent months, but also according to the CEO of the National Iranian Oil Company (NIOC), all petrodollars from the sales of Iranian crude oil have been received.

Oil steady as rising Libyan output offsets supply worries

Oil prices were steady on Monday as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output.

Physical crude oil market steams ahead after Omicron blip

By Julia Payne, Arathy Somasekhar & Florence Tan

Iran’s oil sales rise sharply: Minister

The Iranian minister of petroleum hailed a dramatic rise in the country’s sale of oil products in the past 10 months, predicting that 1.2 million barrels per day of oil will be sold in the next Iranian year (to start March 21, 2022).

Iranian oil passes through Suez Canal: SCA

Iranian oil does pass through Suez Canal, said the chairman of the Suez Canal Authority (SCA) on the sidelines of an event in Dubai on Sunday.

Iran’s government hails rising oil exports as a source of pride

The Iranian government hailed efforts by the country’s Oil Ministry to increase crude exports in recent months, saying the issue is a source of pride for a country that was subject to a series of harsh and unprecedented sanctions by the US in the past few years.

Oil rises to $82 as demand recovery seen on track

Oil rose to around $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery.

China's imports of Iranian oil hit record since 2018 sanctions

China's imports of Iranian crude oil last year hit a record high since the US imposed sanctions on the Islamic Republic in 2018 with the aim of bringing the country's oil sales down to zero, Bloomberg reported.

Iran getting crude export revenues: NIOC

Head of National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr said the country’s oil revenues have increased significantly over the past few months, as the country has received the payment for all its crude oil sales since the new government administration.

Oil prices jump over Kazakhstan unrest, while uranium less affected

Unrest in OPEC+ member Kazakhstan has pushed up oil prices as investors fear supply interruptions, but the uranium market appears less affected despite the Central Asian country being the world's second largest producer.

OPEC oil output boost in December again undershoots target

The increase in OPEC’s oil output in December has again undershot the rise planned under a deal with allies, a Reuters survey found, highlighting capacity constraints that are limiting supply as global demand recovers from the pandemic.

OPEC, allies agree to pump more oil, shrugging off Omicron

OPEC and its allies decided on Tuesday to maintain their policy of modestly boosting oil output next month as the rapidly spreading Omicron variant has so far not heavily hit demand.