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Bahrain, Oman 'most vulnerable' to low oil prices
A new research note from Bank of America Merrill Lynch shows that Bahrain and Oman are the most vulnerable among exporters to low oil prices.
Oil products exports from Rajaei Port to hit 34m tons
With the implementation of three oil docks at Shahid Rajaei Port, oil products export capacity from this south Iranian complex will reach 34 million tons, said deputy minister of roads and urban development.
India's Essar imports of Iranian crude top 186,000 bpd in May
India's Essar Oil Refinery imported 186,600 barrels per day (bpd) of Iranian crude oil in May, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal.
Zanganeh blames high US output for falling oil prices
Iran blamed a recent rise in US oil production for the plunge in global prices of crude oil.
Total hails new format of Iranian oil deals
Total Chief Executive Patrick Pouyanne who is preparing to sign a major gas contract with Iran has hailed the country’s new format of oil sector agreements as a ‘real improvement’.
Gov't urged to sign new deals with int'l oil firms
An economic expert has urged the government to sign new contracts with major international oil companies to expedite the development of oil and petrochemical projects.
OPEC oil production rises in May
Oil production by member states of the Organization of Petroleum Countries (OPEC) jumped in May, despite the exporter group agreeing last month to extend its six-month deal to cap output into 2018.
Expert: US sanctions unlikely to impact Iran's oil industry
The lifting of anti-Iran sanctions which began in January 2016 motivated activities by international companies seeking to benefit from the country's lucrative energy market.
Iran's oil output, exports rising
Average crude output of Organization of the Petroleum Exporting Countries (OPEC) member states, including, Algeria, Angola, Ecuador, Nigeria, Libya, Qatar, Kuwait, Iraq, the UAE, Saudi Arabia and Iran amounted to 31,519,000 barrels per day in 2015, based on figures released by the organization.
India's import of Iranian crude tops 487,000 bpd in May
India, Iran's top oil client after China, shipped in 487,600 barrels per day (bpd) of Iranian crude oil in May, about nine percent less compared with April, according to ship tracking data obtained from sources and data compiled by Thomson Reuters Oil Research and Forecasts.
South Korea's five-month Iranian crude imports up
South Korea — one of Iran's major Asian customers — took in 8.12 million tons of its crude, or 394,324 bpd, over the January-May period. That was up nearly 60 percent from 5.08 million tons for the same time last year, customs data showed on Thursday.
Big Oil needs to spend $350 billion on wind and solar
Big Oil may be ignoring the rapid growth of solar and wind energy at its own peril.
Export of oil products sustainable: NIOPDC
A senior Iranian oil official said Iran has become a sustainable exporter of oil products supplying petroleum items incessantly throughout the previous year (ended March 20).
Iran's light oil export from Kharg up 87%
Light crude oil exported from Kharg oil terminal to Europe and Asia during the year to March 20, 2017 reached 240 million barrels, indicating an 87-percent growth compared to the figure for the preceding year, announced the managing director of Iran Oil Terminals Company (IOTC).
NIOC to sign new oil contracts worth $15b
National Iranian Oil Company (NIOC) will sign deals valued at several billion dollars with foreign countries to develop the country's energy fields, the company's managing director announced.

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