EghtesadOnline: The US government aims to slash Iran's oil exports when sanctions resume in November. The latest US stance came as the remaining parties to the international nuclear deal with Iran reiterated their commitment to continuing Iran's oil and gas exports, despite the American sanctions, the foreign ministers of the EU, France, Germany and the UK said on Monday in a joint statement.
EghtesadOnline: The US State Department's efforts to reduce Tehran's oil revenue to zero will bear no fruit, Majlis Research Center's director said.
EghtesadOnline: Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new US sanctions, putting oil markets under huge strain amid supply outages across the world.
EghtesadOnline: Despite the US-Saudi Arabia ploy to coerce OPEC members' to raise output, the National Iranian Oil Company should strongly hold its position to maintain oil production and exports at the current levels.
EghtesadOnline: The comparatively low share of oil exports to GDP reflects Iran's relatively large and diversified economy.
EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said on Sunday the country's oil output has increased by 165,000 barrels per day in the last 10 months compared with the corresponding period of last year.
EghtesadOnline: Iran's export of crude oil and gas condensate amounted to nearly 1 billion barrels in 2017 in a year that OPEC and other producers stepped up efforts to keep a lid on supplies and drain bloated inventories.
EghtesadOnline: Iran is banking on customers in Europe to shore up crude oil exports as the country faces the prospect of losing its foothold in Asian markets that take in the bulk of its shipments.
EghtesadOnline: The latest market figures show that Iran’s exports of crude oil to China in September saw a whopping increase of 59 percent compared to the same period last year.
EghtesadOnline: Market figures show Iran’s exports of crude oil have reached the highest level since February.