Oil Price Reported:

Iran's Oil Supply to China Most Expensive in 5 Years

SHANA (Tehran) Iran’s crude oil going to China these days is priced at its narrowest discount to Brent in five years.

U.S: Iran's Oil Exports on the Rise

SHANA (Tehran) - Despite imposing frequent sanctions against Iran's oil industry this year, the U.S says that Tehran has been able to raise its oil exports in 2024 so that its oil exports are expected to reach 1.5 million barrels per day, up by 100.000 b/d against last year's figures.

Sanctions Can't Stop Iran's Oil Industry Development, MP

SHANA (Tehran) - Recent advancements in the oil industry indicate that sanctions have not hindered the growth and development of the oil industry.

Iran Oil Output the Highest Since 2018, Reuters

SHANA (Tehran) - A Reuters survey on OPEC members' July oil output shows that Iran’s oil output has reached 3.22 million barrels per day, the highest since 2018.

Iran’s Crude Oil Price Rises

SHANA, Tehran, - MNA has released a report showing Iran’s crude oil price rose by 4.76 dollars per barrel during the first half of 2024.

China’s Oil Imports from Iran Reach the Highest

SHANA (Tehran) - China’s independent refiners have increased their crude imports from Iran by 4.3 percent in June to an eight-month high of around 6.1 million metric tons.

Questioning Oil Selling Achievements Unfair

SHANA (Tehran) - While the enemy has announced clearly that it has failed to prevent Iran from selling its crude oil, some call it into doubt at home.

Oil Revenues Up By 300 Percent, NIOC Chief

SHANA (Tehran) - The managing director of the National Iranian Oil Company (NIOC) has said that Iran’s oil revenues rose by 300 percent during the 13th administration in office since August 2021.

Iran Exports Oil To 15 Countries

SHANA (Tehran) - Iranian Minister of Petroleum Javad Owji says that currently Iran exports crude oil to 15 different countries across the world.

Mokber Hails 13th Administration Oil Selling Achievements

SHANA (Tehran) - While at the beginning of the 13th administration taking office, the country’s oil selling capacity stood at 300 thousand barrels per day it rose to 1.8 million barrels per day a year and a half later.

3.6 mb/d of Oil Production, the Great Achievement of 13th Administration

SHANA (Tehran) - Iran’s interim president, Mohammad Mokhber, says that boosting oil production to 3.6 million barrels per day was one of the most important achievements of the 13th administration under the leadership of Ibrahim Raisi.

Iran Boosting Oil Production By 400 thousand b/d

SHANA (Tehran) - The Council of Economy has ratified a plan, in principle, to increase Iran’s oil production by 400 thousand barrels per day.

Oil Revenues Rise By $15b Annually

SHANA (Tehran) - During the 13th administration under the leadership of Ayatollah Raisi, Iran’s oil revenues rose about 15 billion dollars annually when compare with last years of the previous administration in office.

U.S Foreign Policy Towards Iran Disastrous

SHANA (Tehran): Ted Cruiz, the U.S senator for Texas says that foreign policy of the Biden administration has been the “worst foreign policy of the country in modern time” calling it a “disaster” due to failure to curb Iran’s oil exports and ineffectiveness of sanctions.

IOOC Suspends Production from Salman Oil Field Temporarily

SHANA (Tehran) - The Iranian Offshore Oil Company (IOOC) has halted oil production from the Salman oil field for a short time to carry out necessary repairs.

NISOC Achieves 60 Percent Growth in Oil Production

SHANA (Tehran) - By relying on domestic capabilities, the National Iranian South Oil Company (NISOC) has succeeded in boosting oil production by 60 percent over the last two years.

Rising Oil Exports A Clear Sign Of Success, MP

SHANA (Tehran) – The 13th administration's performance in view of economic diplomacy has been successful, a member of Parliament said.

FT: Iran oil exports hit six-year high

Iran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost.

Iran’s annual oil exports hit nearly $36b: IRICA chief

SHANA (Tehran) – Oil exports in the previous Iranian calendar year, which ended on March 19, fetched the country $35.87 billion, said the Islamic Republic of Iran Customs Administration (IRICA) head on Tuesday.

Owji: International organizations admit to rise in Iran’s oil exports; SP pressure-boosting project decided by 13th administration

SHANA (Tehran) – International organizations admitted that Iran’s oil exports have increased under the 13th administration, said Oil Minister Javad Owji on Sunday.

Iran oil, gas condensate exports ‘favorable’: MP

SHANA (Tehran) – A member of Iran’s Parliament on Saturday described exports of the country’s crude oil and gas condensates as “favorable”.

MP says energy diplomacy has increased oil exports

SHANA (Tehran) – The incumbent administration’s effective diplomacy has increased oil exports, said a member of Parliament on Sunday.

Great breakthroughs achieved in Iran oil exports over past two years: MP

SHANA (Tehran) – Great achievements have been achieved in selling Iran’s oil since two years ago, said a member of Parliament on Sunday.

Iran’s oil shipments to China triple amidst U.S. sanctions

Iran’s oil shipments to China have more than tripled over the past three years despite the U.S. sanctions on the country and the increase in Russia’s shipments to China.

Iran's oil exports hit five-year highs

Iran's crude exports and oil output have hit new highs in 2023 despite U.S. sanctions, according to consultants, shipping data and a source familiar with the matter, adding to global supply when other producers are limiting output.

NIOC head says Iran oil exports have doubled under incumbent administration

SHANA (Tehran) – The managing director of the National Iranian Oil Company (NIOC) said the country’s oil and gas condensate exports have doubled since the 13th (Raeisi) administration took office.

4 Gas Condensate Tankers Berthed Simultaneously in South Pars

TEHRAN (Shana) -- The CEO of the Iranian Oil Terminals Company (IOTC) announced the docking of four oil tankers in South Pars at the same time, and said: “This operation was successfully carried out for the first time in order to prevent the disruption of gas flow to the country, especially in the cold season of the year.”

Iran Oil Sales in 13th Administration Acceptable

TEHRAN (Shana) – Iran’s 13th administration has sold an acceptable level of oil and the country managed to maintain its share in oil market, Iran’s government spokesman said on Wednesday.

NIOC CEO: No Problem with Oil Debt Collection

SHANA (Tehran) – The managing director of the National Iranian Oil Company (NIOC) here on Friday said there is no problem regarding oil debt collection.

Iran Resume Oil Exports from Lavan Island

TEHRAN (Shana) -- The Single Buoy Mooring (SBM) of Lavan region returned to normal in the presence of the CEO of the Iranian Offshore Oil Company (IOOC), bringing crude oil exports from the island back to normal.