South Korea has been one of the backbone customers of crude oil from Iran.
Read More »Oil Rises as OPEC-led Output Cuts Trim Oversupply
Brent crude was 45 cents higher at $56.04 a barrel by 0950 GMT. U.S. light crude oil was up 35 cents at $53.28.
Read More »Iranian Crude Price Hits Unprecedented Level
Given the growing demand for Iranian heavy crude. its price per barrel increased by 77 cents to be traded at 52.70 cents.
Read More »Oil Market To Be Relatively Balanced
.The EIA had forecast small annual average supply builds in both 2017 and 2018
Read More »Min: No Problem for Oil Talks with Saudis
we have no problem to continue talks with Saudi Arabia on further coordination at the OPEC level
Read More »NITC Willing to Place Orders with High-Level Domestic Firms
.The NITC chief said his company has signed deals with foreign companies for leasing 35 tankers
Read More »Iran’s Energy Potential Lies in Gas Rather Than Oil
.Iran is the world’s third largest producer of gas
Read More »Russia`s Lukoil Hopes for Iran Oilfield Development Decision This Year
Lukoil signed several memorandum of understanding with NIOC last year.
Read More »Russia Makes A Move On Asian Oil Markets As OPEC Cuts
Russian oil producers achieved a major milestone in 2016.
Read More »Oil Prices Raised
Higher crude oil and gasoline stocks in the United States weighed on prices on Friday.
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