Despite Iran’s efforts to re-enter the oil market, and amid promises two years ago by the country to open up the industry to foreign market after the sanctions against it were lifted, investors are still [ More … ]
Iranian President Hassan Rouhani said Tehran supports any move to stabilize the global oil market and lift prices, the Iranian oil ministry news agency SHANA quoted him as saying on Sunday. “Instability and falling oil [ More … ]
Kuwait’s crude oil exports to Japan fell 8% in July from a year earlier to 5.93 million barrels, or 191,000 barrels per day (bpd), down for the third straight month, government data showed, reported Kuwait [ More … ]
Under pressure from Russian, Iraqi and Iranian oil exports, Saudi Arabia discounted its crude last weekend to maintain its share of big Asian markets. The price cut, which applies to September purchases, comes after two [ More … ]
Iran plans to double crude oil exports so long as the increase in shipments is absorbed by global markets, which it sees as stable for the rest of the year, according to a senior official at state-run [ More … ]
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