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Yesterday 13:16
Iran's oil output uninterrupted despite tensions: NIOC
TEHRAN - Despite recent days of heightened tensions following Israeli’s imposed war, Iran's daily oil production has continued without disruption and all oil installations remain operational, according to the National Iranian Oil Company (NIOC).
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2025-06-23 14:13
U.S. strike on Iran spotlights Iranian critical role in global energy markets
TEHRAN – The recent U.S. strike on Iran’s nuclear facilities, which Donald Trump hailed as a “glorious military success,” has once again highlighted the country’s vital role in the global oil and gas markets. Given Iran’s vast energy reserves and strategic location, any disruption or escalation could sharply drive up energy prices and destabilize international markets.
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2025-05-17 14:52
Iran's annual oil exports hit $67b, highest in a decade: CBI
TEHRAN - Iran exported $67 billion worth of oil in the Iranian calendar year 1403 (ended on March, 20, 2025), marking its highest oil revenue in the past decade, according to estimates by the Central Bank of Iran (CBI).
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2025-04-11 15:42
China's March Iranian oil imports surge: Reuters
TEHRAN- As reported by Reuters, China's imports of Iranian oil surged in March.
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2025-03-16 13:22
Iran says its oil exports cannot be stopped
TEHRAN - Government spokesperson Fatemeh Mohajerani says Western sanctions cannot halt Iran’s oil exports, as the country is determined to protect its share of the global energy market.
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2025-03-15 12:53
Iran says its crude oil exports meet global standards
TEHRAN - Iran's National Iranian Oil Company (NIOC) has dismissed claims in some media outlets about the production of low-quality crude, stating that Iran's oil exports meet global standards and urging "biased media" to prioritize national interests.
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2025-03-14 12:06
Iran's oil output rises by 34,000 barrels in February 2025
TEHRAN – Iran's crude oil production increased by 34,000 barrels per day (bpd) in February 2025, reaching 3.308 million bpd, according to OPEC's latest monthly report.
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2025-03-04 13:33
Iran raises crude oil prices for Asian buyers in March
TEHRAN - Iran has increased the price of its light crude for Asian customers for the second consecutive month, setting it at approximately $4.5 per barrel above the Oman/Dubai benchmark, the National Iranian Oil Company (NIOC) announced.
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2025-02-21 17:38
Iran’s oil exports to China expected to surge 86% in February
TEHRAN - Iran’s crude exports to China are expected to reach 1.74 million barrels per day (bpd) in February, marking an 86 percent increase from January, according to preliminary data from intelligence firm Kpler.
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2025-02-14 15:41
OPEC reports 9% increase in Iran’s heavy crude oil price
TEHRAN – The Organization of the Petroleum Exporting Countries (OPEC)’s latest monthly report indicates that the price of Iran’s heavy crude oil rose by $6.65, or 9.1 percent, in January compared to December, reaching $79.65 per barrel.
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2025-01-06 13:40
Iran sets official oil prices for January 2025
TEHRAN – The National Iranian Oil Company (NIOC) has announced its official crude oil prices for January 2025, IRNA reported.
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2025-01-03 15:12
Iran’s crude oil exports rebound in late 2024: report
TEHRAN - TankerTrackers, a shipping analytics company, reported a surge in Iran’s crude oil exports during the latter half of December 2024, following slow growth earlier in the month.
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2024-12-17 15:22
Tehran denies reports of decline in crude oil exports
TEHRAN – The head of National Iranian Oil Company (NIOC) has dismissed reports circulating on social media claiming a decline in the country's crude oil exports as "false and baseless."
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2024-11-26 12:57
Oil exports continue as usual: Paknejad
TEHRAN – Iranian Oil Minister Mohsen Paknejad says following President Trump’s election in the United States, Iran is taking new measures to ensure that the country’s oil exports continue without or with minimal challenges.
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2024-09-02 15:47
Value of Iran’s oil export hits $19.5b in 5 months
TEHRAN- As announced by Mohammad Rezvanifar, the head of the Islamic Republic of Iran Customs Administration (IRICA), Iran has exported $19.5 billion of crude oil and fuel oil in the first five months of the current Iranian calendar year (March 20-August 21).
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2024-08-31 13:32
China oil imports from Iran surge to 1.75m bpd: report
TEHRAN - China’s imports of Iranian oil have reached a record of 1.75m barrels per day (bpd) in August, oiprice.com reported, citing data from Kpler.
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2024-08-10 13:23
Iran expanding oil export destinations: report
TEHRAN – Iran has been expanding its oil destination markets as the country is pushing to send more oil to the global markets in an attempt to neutralize Western sanctions.
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2024-08-03 15:25
Iran’s oil output hit six-year high: survey
TEHRAN – Iran’s oil production in July reached 3.22 million barrels per day (bpd), the highest level since the U.S. withdrew from the nuclear pact with Iran and re-imposed sanctions on the country in 2018, Reuters reported.
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2024-07-13 14:37
Iranian oil output still on upward trajectory: OPEC
TEHRAN – The Organization of Petroleum Exporting Countries (OPEC) in its latest report has said Iran produced 3.251 million barrels per day (bpd) of crude oil in June, registering a 13,000-bpd increase compared to the previous month.
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2024-07-03 14:27
Iran exporting crude oil to 17 countries: Oji
TEHRAN - Iran’s oil minister said that the country is currently exporting crude oil to 17 countries, including some in Europe.
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2024-05-26 14:52
Iran’s oil exports recover from sanctions pressures during Raisi tenure
TEHRAN - Ever since the late Iranian President Ebrahiam Raisi took power in August 2021, the country’s oil exports have been on an upward trajectory.
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2024-04-28 14:59
Iran oil output up 500,000 bpd y/y: IMF
TEHRAN - The new statistics released by the International Monetary Fund (IMF) show that Iran's oil production in 2023 saw an increase of 500,000 barrels per day (bpd) in comparison to the previous year, reaching 3.1 million bpd.
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2024-04-20 15:03
Iran oil exports hit six-year high: report
TEHRAN - Iran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost, the Financial Times reported.
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2024-04-17 14:52
Biden unlikely to intensify sanctions on Iran's oil sector: report
TEHRAN – A Reuters report on Tuesday said the Biden administration is unlikely to take any dramatic sanctions action on Iran's oil exports after Iran’s response to Israel, due to worries about boosting oil prices and angering top buyer China.
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2024-03-15 13:21
U.S. presses Panama on anti-Iran sanctions
TEHRAN - The United States has asked Panama to prevent Iranian ships from using its flag in yet another attempt by Washington to press other nations to implement its unilateral anti-Iran sanctions.
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2024-01-31 14:01
Iran’s oil exports rise 50% in 2023, reaching 5-year high: report
TEHRAN - Iran's crude oil exports grew by roughly 50 percent in 2023 to a five-year high of about 1.29 million barrels per day (bpd), with the vast majority going to China, Nikkei Asia reported.
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2024-01-20 13:54
Iran accounts for 12% of OPEC oil revenues in 9 months: IEA
TEHRAN - The International Energy Agency (IEA) has put Iran's oil income in the first nine months of 2023 at about $34 billion, which was equivalent to 12 percent of OPEC's total income in this period, Shana reported.
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2024-01-15 13:53
Iran registers highest oil output rise among OPEC members in 2023: report
TEHRAN – A latest report released by the U.S. Department of Energy stated that Iran has been the top OPEC member in terms of production increase in 2023, with an increase of 330,000 barrels per day (bpd).
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2023-12-15 13:45
Iran’s November oil output rises 7,000 bpd: OPEC
TEHRAN - Iran produced 3.128 million barrels per day (bpd) of crude oil in November, registering a 7,000 bpd increase compared to the previous month, according to OPEC’s latest monthly report.
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2023-11-14 15:48
Iran’s October oil output rises 46,000 bpd: OPEC
TEHRAN - Iran produced 3.115 million barrels per day (bpd) of crude oil in October, registering a 46,000-bpd increase compared to the previous month, according to OPEC’s latest monthly report.