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Top Security Official: Sealing Stait of Hormuz Only One of Iran's Several Options to Block Oil Exports from Region

23 February 2019 - 21:18
Secretary of Iran's Supreme National Security Council (SNSC) Ali Shamkhani said his country does not plan to block off the oil lifeline in the Persian Gulf, but meantime stressed that if needed, sealing the Strait of Hormuz won't be Tehran's only option.

Japan Refiners Seeking Clarity Over Iran Oil Waiver Extension

23 February 2019 - 19:23
Japanese refiners are seeking clarity on whether there will be an extension to the 180-day sanctions waiver from Washington in March, as they hope to continue buying Iranian oil without any disruption, Petroleum Association of Japan's president Takashi Tsukioka said Friday.

US, South Korea Discuss Iran Oil Issues

23 February 2019 - 19:19
Atop US official discussed this week South Korea’s crude oil imports from Iran and urged Seoul to accelerate its oil supply diversification, S&P Global Platts reported on Thursday, quoting a diplomatic source.

Iran to Further Increase High-Quality Fuel Output

21 February 2019 - 20:45
The Persian Gulf Star Refinery (PGSR) in Southern Iran is now producing 103 million liters of high-quality gasoline per day with its 3 phases in full swing, a senior energy official said, adding that the 4th phase of the mega refinery will go on stream by 2 years.

Iran Oil Exports Higher Than Expected in 2019

21 February 2019 - 17:43
Iranian crude oil exports in January were higher than expected, while February shipments so far have been holding steady or even higher compared to last month, as several of Iran’s customers are using up their US sanction waivers to continue importing Iranian oil.

Brent and WTI Prices Dip in Wednesday Trading

21 February 2019 - 17:38
Oil prices slipped away from 2019 highs on Wednesday, with surging US supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s sanctions on Iran and Venezuela.

Qatar Developing Local Energy Industry

20 February 2019 - 21:04
Qatar Petroleum signed preliminary deals worth more than $2.47 billion on Monday with oil services firms Schlumberger and Baker Hughes to boost the local energy industry.

Condensate Buyers May Shift Focus to Qatar From Iran

20 February 2019 - 20:50
Qatar's ultra-light crude oil grades bore the full brunt of the recent return of Iranian condensate supply, with spot differentials for deodorized field condensate hitting multi-year lows, but uncertainty over the renewal of Iranian sanctions waivers could prop up the Qatari grade in the near term.

Iran Self-Sufficient in Gasoline Production: Oil Minister

18 February 2019 - 18:56
Iranian Oil Minister Bijan Zangeneh said the country has reached self-sufficiency in producing gasoline.

Oil Market Forecasters Bearish on 2019

17 February 2019 - 17:46
The three most closely watched oil market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global oil supply will outweigh demand.
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