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Saudi Arabia is the only producer with significant spare capacity around 2 million bpd.
Read More »Saudi Arabia Ready to Boost Supplies over Iran Oil Sanctions
Oil Markets Seeks Alternatives as US Sanction on Iran Hit
Iran exported the equivalent of 2.5 million barrels a day in April.
Read More »Iran Has No Concerns over Reimposition of New U.S. Sanctions
America will not be able to carry out any measure against Iran'.s great and brave nation.
Read More »Global Oil Supply in 2019 Make It Easier to Cut Iran Oil
Saudi Arabia had been ``very helpful`` in bolstering oil supplies while the U.S. moved to reimpose sanctions against Tehran.
Read More »Study of US Oil Waivers Shows Market Needs Iranian Crude
The US sanctions were re-imposed on Tehran following the withdrawal of the United States from the Iran nuclear deal in May.
Read More »Iran Seeks European Assurances as U.S. Oil Sanctions Loom
Washington will reapply far-reaching sanctions on Iran’s petroleum and banking sectors starting on Monday.
Read More »Russia will Help Iran Trade Oil
The Russian energy ministry told the FT that the trade would continue next week.
Read More »Turkey has not Received Notification Regarding Iran Sanctions Waiver
The U.S. government has agreed to let eight countries keep buying Iranian oil after it reimposes sanctions on Tehran from next week.
Read More »Chinese Oil Imports from U.S. Surge amid Declining Oil Purchase from Iran
Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC).
Read More »US agrees to grant India waiver from Iran sanctions
The US has broadly agreed to grant India a waiver from Iran sanctions after the Indian side decided to cut oil imports from Tehran by about a third in 2018-19.
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