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Iran Energy News

Iran’s economy, while diversified, is still heavily influenced by the state of the oil and gas market. Read more about recent news and developments in the sector here.

Yellow Vest Protests Force Macron to Suspend Fuel Tax Hikes

Yellow Vest Protests Force Macron to Suspend Fuel Tax Hikes

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.
opec

Iran Blames Saudi, Russia for Qatar’s Bid to Leave OPEC

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.

Iranian Villagers Using Solar Panels to Make a Living

A group of Iranian villagers have managed to make money by generating electricity from solar panels provided by a charity foundation.

Paris Turns into Gaza as Protesters Clash with Riot Police (+Video)

The Champs-Élysées Avenue in Paris seemed more like the Gaza Strip on Saturday as French protesters with “yellow vests” threw stones at riot police forces, who used tear gas to disperse the demonstrators outraged by fuel price hikes and President Emmanuel Macron’s policies.

Iran Says Has Changed Oil Exports Pattern to Counter US Bans

A senior lawmaker says Iran has changed the pattern of its oil exports to cope with the unjust US sanctions, which are aimed at cutting the exports down to zero.

‘Naval Forces Ready to Ensure Security of Iranian Oil Tankers’

A top Iranian Navy commander shrugged off US threats against the Islamic Republic and said the Armed Forces are fully ready to guarantee the security of the country’s oil tankers in international waters.

Iranian Crude Oil Sold Out in Energy Bourse

All the 700,000 barrels of crude oil released at Iran’s energy bourse were sold out at a rate of $64.97 in the second phase of supplying the Iranian crude oil through the market.
Airbus

Tehran Slams Ankara for Refusing to Refuel Iranian Aircraft

Iran’s Civil Aviation Organisation has expressed its protest at a Turkish company’s unilateral decision to refrain from providing fuel for Iranian passenger planes at Istanbul’s Ataturk International Airport.
US Pressuring Iran’s Oil Customers

US to Exempt Eight Countries from Iran Oil Sanctions: Report

The US administration has reportedly agreed to allow eight countries – including Japan, India and South Korea – to keep buying crude oil from Iran after it re-imposes sanctions on the OPEC producer on Nov. 5, a senior administration official said.

US Gives India Waiver on Oil Imports from Iran

Officials in New Delhi say the United States has agreed to grant India a waiver from Iran sanctions so that the country would be able to maintain imports of crude oil from the Islamic Republic.

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