TEHRAN, September 5 - Iran’s oil minister noted that cooperation among non-OPEC members, especially Russia, and the oil cartel members’ abidance by an agreement to decrease crude output helps stability of the market.
TEHRAN, August 29 - Iranian Oil Minister Bijan Zangeneh said the country’s daily crude output is 3.8 million barrels, which is almost the same production level before the 2012 sanctions.
TEHRAN, July 15, YJC - South Korean crude oil imports from Iran increased 10.5 percent in June from a year earlier as Tehran continued to ramp up output after sanctions were lifted.
TEHRAN, March 14, YJC - India's oil imports from Iran rose nearly 17 percent in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an OPEC deal to cut output, shipping data showed.
Imports of crude oil by Iran's four major buyers in Asia more than doubled in December compared with the same month a year earlier, for the third straight month, with purchases by South Korea up seven-fold and India's more than three times higher.
Imports of crude oil by Iran's four major buyers in Asia in November more than doubled for a second straight month from a year ago, with purchases by India and South Korea more than four times higher.
TEHRAN – A lecturer in international political economy at Regent’s University London says if oil prices fall further even the Persian Gulf Arab members of OPEC will face huge economic problems.
Oil prices extended gains in Asia Thursday after a bullish US stockpiles report raised hopes of resurgent demand in the world's top crude consumer, analysts said.
Oil prices tumbled on Monday after Iran agreed a historic agreement with world powers to halt its uranium enrichment programme, lifting hopes for a relaxation of geopolitical risk and a boost in oil supplies.