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OPEC Decides 1.2m bpd Output Cut

OPEC agreed on an output cut of 1,200,000 barrels per day, exempting Iran from the supply cut decision.

Iran Raps US Envoy’s Meetings with OPEC Members

The Iranian oil minister has lashed out at US special representative for Iran Brian Hook over his “meddlesome” meetings with members of the Organization of the Petroleum Exporting Countries in Vienna, asserting that OPEC is an independent body that does not take orders from the US.

Asians Resume Oil Imports from Iran

Japan and South Korea will resume imports of Iranian crude oil as of next month or so after halting shipments ahead of new US sanctions on the Islamic Republic.

Oppressive US Sanctions Target Iranian Nation

Iran's President Hassan Rouhani says the “oppressive” US sanctions will only harm the Iranian people, giving assurances that the country will prevail over the restrictive measures and will continue to sell its oil.

India Welcomes US Exemptions on Iran Oil

India welcomes the United States' decision to grant exemptions to the country to continue the import of Iranian crude oil despite re-imposition of sanctions on Iran, saying New Delhi is examining the details of the waivers.

Almost All Iran Oil Client Recieved US Waivers

The US administration has agreed to allow eight countries to continue purchasing Iran’s crude oil after Washington’s sanctions on Tehran take place next Monday, a senior official said Friday.

Turkey’s Oil Import from Iran Rises

Turkey has increased its oil imports from Iran during the past 2.5 months and has planned to import at least three oil consignments from Iran every month, Turkish media reported.

Iran, South Korea to Enhance Ties

Iran’s new ambassador to Seoul says there is a “comprehensive plan” aimed at expansion of bilateral ties with South Korea in face of returning US actions.

Iran’s Oil Exports Total 2.20 Mmbpd in First 2 Weeks of October

Iranian crude oil and condensate exports averaged 2.20 million barrels per day (Mmbpd) in the first two weeks of October, an increase of 195,618 Bpd over the full month of September, Kallanish Energy reports.

Iran Sees 'Solid' Oil Production Outlook

Iran’s senior officials remain generally upbeat about the country’s oil production outlook despite looming US sanctions which seek to drain a key source of revenues.

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