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Mexico Says Reached Deal With Trump to Cut Crude Output

EghtesadOnline: The president of Mexico -- the lone holdout in an OPEC deal to cut crude production and shore up prices -- said Friday that he has reached a deal with the US president to reduce oil output.
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Publish Date:12/April/2020 | 18:00

Nationwide Oil, Derivatives Supply at 100 Billion Liters

EghtesadOnline: The Iranian Oil Pipeline and Telecommunication Company has supplied close to 100 billion liters of crude and petroleum products nationwide since March 2019, managing director of the company said.
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Publish Date:08/February/2020 | 11:47

US Penalties ‘Have Not Deterred Much’ of Sino-Iran Oil Trade

EghtesadOnline: Newly announced US sanctions aimed at harming petroleum and petrochemical trade between Iran and China will not substantially impact China's status as the top importer of Iranian crude, analysts said.
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Publish Date:26/January/2020 | 11:33

Crude Output Up at Iran's North Yaran Joint Oilfield

EghtesadOnline: The second electric submersible pump installed in a well in the North Yaran Oilfield in southern Khuzestan Province has reached a stable level, head of the field development project said.
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Publish Date:17/August/2019 | 10:48

Iran to Start Oil Export From Oman Sea in 2021

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said the National Iranian Oil Company will start exporting crude from the port of Jask in southern Hormozgan Province in 2021.
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Publish Date:18/March/2019 | 14:51

US May Extend Iran Oil Sanctions Waivers

EghtesadOnline: The United States is likely to renew waivers to sanctions for most countries buying Iranian crude, including the biggest buyers China and India, in exchange for pledges to cut combined imports to below 1 million barrels per day.
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Publish Date:16/March/2019 | 24:30

Iran’s Light Crude Approaching $70

EghtesadOnline: T he price of Iran’s light crude oil settled up $1.69 a barrel at $69.23 in the week to Jan. 12, in line with a rally that has pushed global prices to their highest levels in three years.
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Publish Date:21/January/2018 | 13:25

Saudi Arabia Exceeds Oil-Production Cap for First Time

EghtesadOnline: Saudi Arabia told OPEC it pumped 10.07 million barrels a day in June, a person with knowledge of the data said, exceeding its production limit for the first time since brokering a deal to curb global crude supply to counter a glut.
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Publish Date:11/July/2017 | 24:31

Iran Eyes New Oil Buyers as Asia Remains Linchpin

EghtesadOnline: Iran continues its quest for new crude buyers, especially in Europe, but its loyal customer base will continue to hinge on countries like India and China, whose demand for Iranian crude has observed a steady rise this year.
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Publish Date:02/November/2016 | 06:35