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Latest Headlines

ENERGY
Iran approves regulations for crude sales to domestic buyers
Iran will sell oil to domestic firms certified by government departments and vetted by the Oil Ministry.
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ENERGY
Iran’s giant field reaches 650,000 bpd production plateau
Iran is currently producing 650,000 barrels per day of condensate from its giant South Pars gas field, a senior energy official says.

ENERGY
Iran backs Russia’s OPEC+ demand on condensates
Iran’s oil minister says Russia is rightly demanding condensates be excluded from its output figures.

ENERGY
US looms large as South Korea buys more Iran oil
South Korea’s imports of Iranian crude oil rose 17% to 353,223 barrels per day (bpd) in April, government data showed on Wednesday.

ENERGY
South Korea wants US to backtrack on Iran decision
South Korea is sending a delegation to the US to seek an extension of waivers which Washington ended on Monday with the aim of bringing Iran’s oil exports to zero.

ENERGY
Iran surprises US, observers with spike in oil exports
Iranian oil exports have surged to levels near before sanctions, surprising market observers and the US which has vowed to zero out the country's oil revenues.

ENERGY
Iran's new gas phases free up export capacity for Asians
Iran has delivered 300,000 barrels of gas condensate for export from phase 13 of South Pars which was inaugurated Sunday, the phase's operator Payam Motamed says.

ENERGY
South Korea quadruples imports of Iranian oil: Yonhap
South Korea's imports of Iranian oil more than quadrupled in February from a month ago, nearing pre-sanction levels, government data released Tuesday shows.







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