Energy Market

Iran has launched a scheme to explore and use new undersea gas reserves in the Persian Gulf, considering an inevitable drop of pressure at the giant South Pars gas field, shared with Qatar.

Attacks by 10 Yemeni drones against two plants at the heart of Saudi Arabia’s oil industry have knocked out more than half of the Kingdom’s output.

Hawkish American Senator Lindsey Graham has says the US should mull bombing Iranian oil refineries if Tehran continues boosting its nuclear enrichment to higher grades.

Iran’s oil minister says the status of phase 11 of the South Pars Gas Field as well as Farzad B Gas field will be settled this year.

Iran has seized a vessel carrying contraband fuel in the Persian Gulf, arresting a number of its crew members.

Iran has discovered new oil reserves in the southwestern Dezful region, the National Iranian Oil Company Exploration Directorate (NIOCEXP) says.

Iranian supertanker Adrian Darya 1 (formerly Grace 1) is heading for the Turkish port city of Mersin according to its AIS destination.

Iranian President Hassan Rouhani says international waterways will not be as safe as before if Iran’s oil exports are zeroed out.

An Iranian oil tanker operated by the National Iranian Tanker Company (NITC) has experienced technical difficulties in the Red Sea.

Iran's Foreign MInistry Spokesman Seyyed Abbas Mousavi says the fate of the 'offending' British oil tanker Stena Impero, which is impounded in Iran, is not at all related to the recent move by Gibraltar to release the Iranian oil tanker Adrian Darya (formerly Grace-1).

Iranian Foreign Ministry Spokesman Seyyed Abbas Mousavi says the country has officially warned the US government against making any fresh attempt to seize the Iranian oil tanker Adrian Darya (formerly Grace-1) which was recently released by Gibraltar after an unlawful 45-day seizure.

Iran’s Navy commander has voiced readiness for bringing the supertanker Adrian Darya back to home under naval escort after the government of Gibraltar released the Iranian vessel.

The US Department of Justice (DOJ) has unveiled a warrant for the seizure of the Iran-operated Grace 1 supertanker a day after Gibraltar’s Supreme Court confirmed the release of the vessel.

The supertanker Grace-1 has been renamed to “Adrian Darya” and reflagged under the Iranian flag upon the ship owner’s request, a senior Iranian official said, as the vessel prepares to leave Gibraltar on Friday.

Iranian officials say oil exports from the east of the Strait of Hormuz, where over 30 percent of the global seaborne oil traffic is handled, will be possible by early 2021 thanks to a major pipeline project which aims to pump crude to the eastern end of the waterway.

An energy official says the high-quality gasoline produced in Iran is so reasonably priced that nine neighbouring states are competing for a share of the fuel.

The United Kingdom’s Ambassador to Tehran Rob Macaire says the Islamic Republic must be allowed to sell its crude oil despite the US sanctions, and London supports the country in doing that.

The Islamic Revolution Guards Corps (IRGC) Navy says it has seized a foreign vessel carrying one million litres of smuggled fuel south of Larak Island in the Persian Gulf, the state TV announced Thursday.

A senior member of the Iranian parliament has shared more details of a plan to collect tolls from foreign ships passing through the Strait of Hormuz in the Persian Gulf.

Iran says the supertanker carrying its oil sailing in international waters in the Strait of Gibraltar was not bound for Syria, and the UK was not allowed to seize it.

Informed sources in Iran have dismissed the fabricated news of the seizure of a British oil tanker in the Persian Gulf, IRIB News Agency reported.

The oil minister of Iran quashed rumors about a slump in the country’s oil sales.

Eight cooperation agreements have been signed by representatives of Iran and Isfahan during a ceremony attended by Iran's Energy Minister Reza Ardakanian and his Russian counterpart Alexander Novak.

Iranian Search and Rescue vessel NAJI has managed to rescue 44 crew members of two oil tankers which had been targeted in the Sea of Oman, transferring them to the Iranian Island of Jask.

Two super oil tankers carrying crude from the Persian Gulf region have reportedly been targeted in the Sea of Oman.