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The latest news and views about the Iranian oil industry

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.
Zanganeh

Neither Saudis, nor Others Can Replace Iran’s Oil: Minister

Iran's Minister of Petroleum Bijan Zangeneh dismisses the rhetoric by the Saudi crown prince about Riyadh's capability to replace sanctions-hit Iranian oil, saying that the global market will never believe such claims.

Recent Rise in Oil Prices Offsets US Sanctions: Iran

A senior Iranian official says the recent rise in oil prices has offset the impact of US sanctions on Iran’s oil exports, with the country’s oil revenues up 16 percent in the past six months.

“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.

Iran, EU on Verge of Oil Deal in Defiance of US Bans: Zarif

Iranian Foreign Minister Mohammad Javad Zarif says Tehran is closing in on a deal to sell oil to European nations despite the US threats of sanctions against any countries that do business with Iran.

Iran’s Hails OPEC’s Decision to Reject Trump’s Call for Output Hike

Iranian minister of petroleum has welcomed OPEC's decision effectively rebuffing President Donald Trump’s calls for a hike in oil output, saying US dream to zero Iran's oil exports would not realize.

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.

Iran Raps Trump’s Pressure on Oil Pruducers to Boost Output

Iran has criticized the United States of pressuring oil producers of the Persian Gulf region to increase their output, expressing hope that member states of the Organization of the Petroleum Exporting Countries (OPEC) would not yield to “orders” by US President Donald Trump to turn the taps on.

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