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iranian oil

Trump Pressures will not Curb Oil Prices

Iran’s Minister of Petroleum Bijan Zangeneh says there is no spare capacity left for oil producers to pump more, dismissing US President Donald Trump’s pressure on OPEC to ramp up output to bring down prices.

Iran Finding New Oil Customers

Iran has found new customers for its oil and is holding talks with the traditional buyers to find new ways to cooperate with other nations, the country's first vice-president said on Sunday.

Trump Fails to Achieve Goals about Iran

An American newspaper referred to Washington's hostile policies against Iran and attempts to provoke unrest in it, saying the US president will not benefit from sanctions.

Iran’s Oil Buyers Resisting US Pressures

A glance at the policies adopted by Iran’s major oil customers towards their future crude imports from the country shows that, except South Korea, they have turned a blind eye to threats by US President Donald Trump and are continuing their purchases from Tehran.

BP: Iran Sanctions to Trigger Volatility in Oil Market

As the US is preparing to restore sanctions against Iran’s oil exports within weeks, concerns are already rising among corporate leaders that oil prices could rise to unprecedented highs.

Saudi Arabia Depleting oil Reserves

Saudi Arabia does not have the capability to increase its regular oil output and is tapping into its national oil reserves in an alleged attempt to replace Iranian oil in the global market, a commentator says.

Saudi Arabia Can't Replace Iran's Oil

Petroleum Minister Bijan Zangeneh said on Monday that no country in the world and even Saudi Arabia cannot replace Iranian petroleum output.

Iran to Provide Oman Market Needs

The Social Security Investment Company (Shasta) of Iran on Saturday signed a deal with an Omani holding for exporting of Iran-made products and services to Oman.

Oil Price Rally Offsetting US Sanctions Impact

A senior Iranian official says the recent rise in oil prices has offset the impact of US sanctions on Iran’s oil exports, with the country’s oil revenues up 16 percent in the past six months.

Iran Vows Full-Throttle Oil Production

Oil prices remain at four-year highs on rising doubts about the capability of Saudi Arabia and other producers to substitute Iran’s crude after the US imposes new sanctions on the country on November 4.

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