EghtesadOnline: The oil-trading boom that cushioned the profits of Royal Dutch Shell Plc and BP Plc through the price slump of 2015 and early 2016 is over.

EghtesadsOnline: Sunday marks the first offering of crude oil for export on Iran Energy Exchange (IRENEX) days before new US sanctions on petroleum sector take effect.

EghtesadOnline: Iran officially started spot oil trading on its energy exchange on Tuesday with the National Iranian Oil Company publishing a notice of offer on Monday, in which it outlined the terms and conditions of the trading mechanism.