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US Can’t Reduce Oil Price by Bullying Others: Iran

Iran’s Oil Minister Bijan Namdar Zanganeh says the US cannot stop the oil price rise and tackle the current shortage in the world’s oil market by bullying other oil producers.

Iran, Russia Agree to Increase Oil Output by 1m bpd

Iran’s petroleum minister, in an unannounced visit to Moscow, reached a deal with the Russian energy minister on a 1-million-bpd increase in oil output through joint efforts.
Iran Oil

“Iran Finds New Oil Clients ahead of US Sanctions”

Iran's First Vice-President Es’haq Jahangiri says the Islamic Republic has found new customers for its crude oil after a number of its former clients stopped their purchases over fear of the US’ November sanctions.

“Drop in Oil Prices Hinges on Removal of US Sanctions on Iran”

Iran’s oil minister has rejected US President Donald Trump’s remarks that OPEC is to blame for the rise in oil prices, urging Washington to stop trying to hamper Iran’s oil trade if it really wants a drop in global oil prices.

Oil Prices to Go Down If Trump Keeps Quiet: Iran

Iran’s envoy to the Organization of Petroleum Exporting Countries (OPEC) says the oil prices may go down as US President Donald Trump wants only if he keeps quiet and stop posting tweets.

Rial’s Depreciation Threatening Iran’s Border Markets

Media reports show that people of Iraq, and also other neighbours of Iran, are flocking to border markets of the Islamic Republic amid the historic devaluation of rial, turning basic commodities into rare goods for local residents.

“US Claim of Bringing Iran’s Oil Sales to Zero Just Nonsense”

A senior Iranian official says the United States’ claim that it will bring Iran’s petroleum sales to zero is just nonsense.

Rouhani Inaugurates Three Petchem Projects in Southern Iran

Iranian President Hassan Rouhani on Tuesday inaugurated three new petrochemicals projects during his visit to the southern city of Asalouyeh in Bushehr Province.

US Will Desperately Grant Waivers on Iran Oil Bans: Analyst

Seyyed Mehdi Hosseini, a former deputy oil minister and an energy expert, says the US has no way but to grant sanction waivers to Iran’s oil customers.

IRGC Confirms Reports of Holding Naval Drill in Persian Gulf

The spokesman for Iran’s IRGC confirmed on Sunday that Iranian forces have successfully staged a drill in Persian Gulf earlier this week, saying the maneuver was carried out as part of the IRGC’s annual schedule.

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