crude oil

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NIOC announces Iranian crude oil OSP for March

National Iranian Oil Company (NIOC) has set official selling prices (OSP) for Iranian crude oil in March, so that Iran’s light crude oil will be priced $4.35 above the benchmark price (Oman/Dubai crude) for Asian customers.
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Publish Date:03/March/2025 | 20:50

Iran exports over $23 billion crude oil in H1: IRICA

The Islamic Republic of Iran Customs Administration (IRICA) said that $23.2 billion of crude oil was exported from the country in the first six months of the current Iranian calendar year (started March 21, 2024).
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Publish Date:06/October/2024 | 12:47

Crude Oil Heads for Best Week Since Mid-December

EghtesadOnline: Oil prices edged up on Friday, heading for their biggest weekly gains since mid-December, fueled by supply worries amid escalating unrest in Kazakhstan and outages in Libya.
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Publish Date:08/January/2022 | 14:39

Japan Seeks US Sanctions Waiver

EghtesadOnline: Japan has asked the United States to prevent a possible adverse impact of its sanctions on Japanese companies seeking crude oil from Iran, Japan's Foreign Ministry said on Friday.
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Publish Date:07/August/2018 | 09:51

What to Watch in Commodities: Gold, 13Fs, Crude, Deals and Dogs

EghtesadOnline: Buckle up: commodities are gyrating as equity market turmoil sends ripples through everything from crude to copper. So far on Monday we’re in the green, but there’s much to look out for. Earnings season is going full tilt, and it’ll be dominated this week by gold miners including Barrick Gold Corp. just as bullion’s role as a haven comes in for scrutiny. There’s also a report from Bunge Ltd., the trading giant coveted by Archer-Daniels-Midland Co.
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Publish Date:12/February/2018 | 09:52

Mystery of Oil Held on Chinese Islands Puzzles Crude Markets

EghtesadOnline: China’s got the world puzzling over its oil hoard. From underground caverns by the Yellow Sea to a scattering of islands in the Yangtze River delta, the government has been stockpiling crude for emergencies in a network of storage sites dotted around the country.
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Publish Date:31/August/2016 | 09:04

Iran set to provide crude for Russian refinery in Bosnia

EghtesadOnline: Iran is ready to supply the necessary crude oil refinery in the Russian company 'Zarubezhneft' established in Bosnia and Herzegovina, said CEO of the National Iranian Oil Company.
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Publish Date:13/July/2016 | 19:40

NIOC considering Hungarian bid to buy crude oil

EghtesadOnline: National Iranian Oil Company is considering Hungarian bid to buy crude oil from Iran, Director of NIOC International Affairs Department Mohsen Ghamsari said.
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Publish Date:11/July/2016 | 11:16

NIOC Eyes Sale of 1.4 mbpd of Crude Oil in Fiscal 2023-24

EghtesadOnline: The National Iranian Oil Company is projected to sell 1.4 million barrels per day of crude oil at $85 as per the budget law of next Iranian year (March 2023-24), partly by using a barter system.
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Publish Date:27/January/2023 | 21:11

Crude Oil Prices Higher Following OPEC+ Meeting

EghtesadOnline: Crude oil future prices ticked higher during the mid-morning trade in Asia Friday, as the markets continued to price in a commitment from the OPEC to ensure that the members adhere to the mandated production cuts.
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Publish Date:19/September/2020 | 24:31

UAE Fails to Comply With Output Cuts

EghtesadOnline: The United Arab Emirates, currently OPEC’s third-largest producer, is estimated to have exported a lot more crude oil in August as it produced more than its quota under the OPEC+ deal, undermining the oil market’s faith in the group’s unity in the cuts.
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Publish Date:14/September/2020 | 13:56

NIORDC Reports Higher Output

EghtesadOnline: Crude oil processing capacity in the National Iranian Oil Refining and Distribution Company (NIORDC), a subsidiary of the National Iranian Oil Company, has risen 43% to 2.3 million liters per day over the last decade.
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Publish Date:27/August/2020 | 17:55

Offline Gulf of Mexico Oil Production Falls to 6.5%

EghtesadOnline: Roughly 6.5% of crude oil production in the US Gulf of Mexico remained offline on June 12 from Tropical Storm Cristobal's weekend saunter through the region, bringing the area's output closer to normalcy during what after a dozen days has already been an active hurricane season.
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Publish Date:14/June/2020 | 11:07

WTI Tumbles to Lows Not Seen Since 1999

EghtesadOnline: Crude oil futures fell on Monday, with US futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that US storage facilities will soon fill to the brim amid the coronavirus pandemic.
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Publish Date:21/April/2020 | 24:00

Iran's NIOC Again Revising Oil Offer Terms via IRENEX

EghtesadOnline: After failing to attract customers for crude oil offered on the Iran Energy Exchange, the National Iranian Oil Company says it plans to again tweak rules and procedures in the process, an official with the company said.
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Publish Date:09/November/2019 | 13:16