Iran ///

Iran warns it will veto OPEC decisions harming its interests

Iran said it will veto any OPEC decision that harms the Islamic Republic and warned that some oil producers are trying to create an alternative suppliers’ forum that supports U.S. policies hostile to Tehran.

U.S. sanctions cripple Iranian oil exports

Aggressive and undiplomatic and extremely effective. With 50 days before new U.S. oil sanctions against Iran enter into force, President Trump has crushed the country’s petroleum exports.

Iran clashes with U.S. over nuclear deal at IAEA talks in Vienna

Top energy officials from the U.S. and Iran clashed on Monday with warnings that international peace is at risk as America’s sanctions noose tightens on the Islamic Republic.

IEA warns of higher oil prices as Iran, Venezuela losses deepen

The International Energy Agency warned that oil prices could break out above $80/bbl unless other producers act to offset deepening supply losses in Iran and Venezuela.

Iran endures longest gap in China's oil buying in three years

Iran just endured the longest gap without sending oil to its biggest customer in at least three years as imminent U.S. sanctions pile pressure onto Tehran.

Iran resorts to floating storage for its oil as buyers retreat

Iran is starting to store oil on its fleet of supertankers again as impending U.S. sanctions force the Persian Gulf country to revive a strategy it deployed under previous curbs.

U.S. sanctions already affecting oil buyers

The early-November deadline set by the U.S. to sanction Iran’s oil exports is now a warning sign that’s too close for buyers to neglect.

Russian exporters gain market share at Iran’s expense

Russia will export more crude to European refiners who cut imports of Iranian oil in September.

U.S. throttles Iran oil flows to buyers who vowed resistance

The world’s top oil buyers are discovering that U.S. sanctions on Iran will squeeze their trade flows whether they agree with America or not.

Secret oil shipments could help Iran cushion U.S. sanctions blow

Discounts, bartering and smuggling are among the tactics Iran may lean on to keep almost 800,000 bpd of its oil exports flowing after U.S. sanctions resume in November.

Iran's oil exports slump to 2 1/2-year low before U.S. sanctions

Iran’s oil exports are tumbling again as the country’s key buyers in Asia take fewer cargoes in the weeks before U.S. sanctions take full effect.

Iran says it will block Middle East oil exports if it can't ship

Iran will halt Middle East oil exports if it’s not allowed to ship its crude through the Strait of Hormuz.

China gets another shot at Mideast energy with Total's Iran exit

Total SA’s withdrawal from Iran’s giant South Pars gas field has given China another chance to secure a stake in the world’s most coveted energy assets: abundant and low-cost Middle Eastern oil and gas.

Iran's tanker fleet gives oil-export lifeline as sanctions loom

Iran’s own fleet of tankers may provide a lifeline for its crude and condensate exports that’ll be slashed as U.S. sanctions against the Persian Gulf nation take hold.

China shipowners stop hauling Iranian crude as U.S. sanctions near

China’s shipowners are shunning Iran’s oil, while the OPEC producer is using its own tankers to supply top customers as impending U.S. sanctions threaten to disrupt global crude trade.

India is considering 50% Iranian oil cut to win U.S. waiver

India may cut Iranian oil imports by 50% to secure a waiver from the U.S. to continue with shipments.

Oil holds gain as Iran concerns counter bearish U.S. rigs report

Oil held gains above $67/bbl after Iran said the OPEC nation has no intention of holding talks with the U.S. anytime soon, countering signs American shale output may increase.

U.S.-Iran sanctions give China lead in world's top gas field

China National Petroleum Corp. is expected to take the lead on a $5-billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total SA, which halted operations after U.S. President Donald Trump reimposed sanctions on the Islamic Republic.

U.S. forecasts 50%-cut in Iran oil sales, missing goal

The Trump administration forecasts that it will persuade countries to cut Iranian oil imports by as much as 1 MMbpd when it reimposes energy sanctions in early November, according to two people familiar with the administration’s efforts to choke off Tehran’s crude sales.

Iran's reliance on its own oil tankers grows, even as flows slump

It is still nearly three months until U.S. sanctions on Iran’s oil exports snap back into force, but they are already having a big impact on the Persian Gulf country’s trade.