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The latest news and views about energy market

Int’l Energy Exhibition to Start in Iran’s Persian Gulf Island

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 Continues to Buy Oil from Iran: Envoy

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

Huge Oil, Gas Reserves Discovered in North-West of Iran

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.

No Oil to Be Exported from Persian Gulf If Iran Banned: Rouhani

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 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.

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.

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.

‘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.
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.

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