Tag search "Oil exports"

  Iran's 3 scenarios in OPEC from suspension to exit

Iran's 3 scenarios in OPEC from suspension to exit

The oil embargo imposed on Iran has decreased the level of the country's influence on the Organization of Petroleum Exporting Countries (OPEC) and this is why Iranian authorities may revise the way they deal with the organization.

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 Iranian crude sits at China Dalian Port

Iranian crude sits at China Dalian Port

Some 20 million barrels of Iranian oil sitting on China’s shores in the northeast port of Dalian for the past six months now appears stranded as the United States hardens its stance on importing crude from Tehran.

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Is it possible to eliminate Iran from the oil market?

Is it possible to eliminate Iran from the oil market?

Former Director of International Affairs at the National Iranian Oil Company (NIOC) has said: “US can zero Iran’s oil exports; however, finding an alternative for that would not be easy due to the quality of Iran’s crude oil.”

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2019 a tough year for Iran’s oil exports

2019 a tough year for Iran’s oil exports

Iran’s former representative at the Organization of Petroleum Exporting Countries (OPEC) believes: “The US will not revise sanctions on Iranian oil exports because a more than 2 million bpd increase in non-OPEC oil production in 2019 will spare world markets from facing a shortage due to the reduction of exports from Iran.”

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Iran's economic growth in 2019 - Negative or positive?

Iran's economic growth in 2019 - Negative or positive?

The Research Center of Iran’s Islamic Legislative Assembly has recently published a report on oil forecasts for 2018-2019, announcing that Iran’s economic growth in 2019 will be negative. The Economist has also painted a bleak future for Iran in 2019. Nevertheless, Iran’s Minister of Finance has said that 2019 will not see a negative economic growth.

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Outcome of contradictory remarks by Iranian officials on sanctions

Outcome of contradictory remarks by Iranian officials on sanctions

An Iranian political analyst believes: “Inconsistencies in describing the impact of sanctions by two senior government officials indicates a serious disagreement in the economic team of the government and their different impressions of international facts which may confuse society.”

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Third stage of IRENEX oil sale details

Third stage of IRENEX oil sale details

The third stage of Iranian crude oil sales on IRENEX will begin on 21 January with the supply of one million barrels of light crude oil in batches of 35 thousand barrels at USD 52.42 pb.

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Iran sells 3 mbpd oil on IRENEX

Iran sells 3 mbpd oil on IRENEX

Iran’s Minister of Petroleum has stated that the third stage of IRENEX oil sales may take place next week, adding: “Required permits have been received from the heads of the three branches of government for oil sales of 3 mbpd on IRENEX. Transactions will take place entirely in rials.”

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