Energy Market

Iran’s recent move to stop implementing some of its commitments under the 2015 nuclear deal with world powers is indeed meant to save the deal, not to kill it.

Iran’s first vice president says the country’s reliance on oil revenues has reduced significantly due to the hard efforts made over the recent years.

Saudi Arabia says it has halted oil pumping on its major east-west pipeline following drone attacks claimed by Yemen’s Ansarullah movement.

Iran's Foreign Ministry spokesman has rejected a report by Reuters regarding the country's condition for staying in the Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).

Iran’s parliament speaker says the United States seeks to get its hands on Venezuela’s oil riches by creating instability in the country.

Iranian Foreign Ministry Spokesman Seyyed Abbas Mousavi has downplayed the Bahraini foreign minister’s seemingly threatening remarks that Iran will not be allowed to close the Strait of Hormuz even for a single day.

Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Sanusi Barkindo says it is not possible to exclude Iran from the oil market.

Iran's President Hassan Rouhani says the country will not allow the United States to implement its decision to bring Iranian oil exports down to zero.

An Iranian analyst says Iraq is now faced with a difficult choice between Iran and the US because the power balance it had created over the past years to establish ties with both sides is no longer feasible.

Iraq is set to maintain and even increase its natural gas and electricity imports from Iran to meet the extreme summer demand, defying the US’ move to stop issuing sanctions waivers for the countries that import energy from Iran.

Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei has downplayed the US’ refusal to renew sanctions waivers for the import of Iran’s crude oil, saying that the Islamic Republic will export petroleum as much as it wants.

Iranian Foreign Minister Mohammad Javad Zarif says the country’s military will make the final decision on the option of closing the Strait of Hormuz, a highly important strategic location for global energy trade, in reaction to the US’ ban on the country’s oil exports.

Iranian exports of crude oil and condensate have surged to levels near before sanctions, surprising market observers and affording the country an important victory in a US “economic war” on Tehran.

Iranian President Hassan Rouhani on Sunday officially launched four new phases of South Pars, the world’s largest gas field located in the Persian Gulf in southern Iran.

Iran has vowed to give a crushing response to any move by the Israeli regime to block the Islamic Republic’s oil exports.

Iran and Armenia have signed two memoranda of understanding in a Wednesday ceremony attended by President Hassan Rouhani and visiting Armenian Prime Minister Nikol Pashinyan.

Commander of the Islamic Revolution Guards Corps (IRGC) Navy Rear Admiral Ali Reza Tangsiri said as long as Iran is able to export its oil via the Strait of Hormuz, the waterway would be open.

Iranian President Hassan Rouhani on Monday inaugurated the third phase of the gas condensate plant of the Persian Gulf Star Refinery in Bandar Abbas.

In spite of US sanctions to bring Iranian oil exports to zero, statistics show that in the first nine months of the current Iranian year, the Islamic Republic has managed to yield $6.5 billion from crude oil sales, up 48.9% year-on-year.

The 15th edition of the Kish International Energy Exhibition will open on Iran’s southern island of Kish on Monday with representatives of 11 foreign countries in attendance.

India’s ambassador to the Islamic Republic of Iran says Indian oil imports from Iran has not been cut off and will continue.

Iran is currently scouring 60 percent of its total area for new oil and gas reserves, including in places which were deemed until recently the least likely to have hydrocarbon-bearing formations.

Iranian President Hassan Rouhani has warned the United States that if the Islamic Republic is not allowed to export its crude oil, then no other country will be able to do so from the Persian Gulf.

Iran says Qatar’s decision to quit the Organization of the Petroleum Exporting Countries (OPEC) shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel that determines production cuts in order to help regulate prices.

After several weeks of violent protests across France, particularly those in Paris which turned the capital into a battle zone, President Emmanuel Macron finally buckled and announced his government will suspend a controversial fuel duty rise.