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Iran has likely carried out an undeclared missile test, satellite photos analyzed by the AP showSatellite images suggest Iran conducted a missile test at its Imam Khomeini Spaceport, evidenced by scorch marks on the launch pad. An Iran...- Iran oil output faces race against time as US sanctions lingerThe penalties were tightened under former U.S. president Donald Trump and although the new President Joe Biden is more conciliatory, top of...
- Oil rises $1 as OPEC, allies work on big output cutUS West Texas Intermediate (WTI) was up by 8 cents at $47.26 a barrel.
- Saudi, UAE overstate their oil capacities: Iran oil minister"I believe they (Saudi Arabia and the UAE) are overstating their oil capacities," Zanganeh said.
- A Saudi-Iran oil price war could break up OpecSaudi Arabia could boost its production. According to Platts, it has the biggest portion of Opec’s combined spare capacity.
- HPCL cancels Iran oil shipment after insurer excludes coverageIran had hoped to sell more than 500,000 bpd of oil to India during the current fiscal year that started in April, Oil Minister Bijan Zanga...
- Iran is running out of options on oil, left with fewer friendsIran may be left with few options beyond convincing China to buy more of its oil, risking over-reliance on what’s already its biggest custo...
- Can Opec pull crude oil market out of the rut? Investors are not so surePrices are back below where they were when the Opec first struck its historic deal last year.
- Will stand by Iran, but have to protect India’s interests: Dharmendra PradhanPradhan said India will stand as an equal with others and not be subservient to anyone. Farzad-B negotiations have been in a stalemate sinc...
- Iran hits back at India, inks gas field deal with Russian firmIran's oil minister Bijan Zanganeh recently told Argus, the top global energy market information provider, that Farzad-B field was among th...
- Farzan B gas field row: Iran threatens to replace ONGC Videsh Ltd with Russian firmsReports from Vienna quoted Iran's oil minister Bijan Zanganeh as saying that he expected Russian firms to enter the field if the Indian con...
- How a 2 am phone call sealed the Opec deal on crude output cutIn April, an accord between Opec and Russia collapsed on the day it was to be signed when Saudi Arabia unexpectedly insisted that Iran had ...
- India-Iran sign agreements on crude oil imports, gas field developmentPradhan addressing a joint press conference on Saturday with his Iranian counterpart said, "Iran and India's energy ties are no longer limi...
- Iran supports capping oil production, stays mum on output curbs“Any agreement will still be contingent on Iran being able to increase market share or increase production from current levels,” said Harry...
- Will reclaim full oil market share post-sanctions: Bijan Zanganeh, oil minister, IranBijan Zanganeh said Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on t...
- Iran may stage comeback in oil market amid growing pessimism in with analystsThe consensus among analysts and traders is that Tehran needs at least a year after sanctions are lifted to raise output to the level.
- Iran may propose OPEC cut of 1 million barrels daily at summitThe drop in Brent crude, with the global benchmark trading at less than $80 a barrel last week, prompted speculation of an Opec cut.
- Global Picks: WTI crude rises, Iran gives new oil contracts, EU wheat exports to hit recordWTI crude traded near its highest closing level in 3 weeks before weekly govt data on US inventories amid signs economic recovery in develo...
- Iran expects $70 bn investment in oil and gas sectorIran plans to attract $70 billion for investments in its oil and gas industry, the country's media reported Sunday.
- Iran may give equity oil to IndiaNEW DELHI: Iran will continue to be a major supplier of crude oil to India and has promised to consider New Delhi’s request to grant some e...
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