No fuel supply issues reported

Oil depots operations continue after incident

SHANA (Tehran) - The supply and distribution director of the National Iranian Oil Products Distribution Company (NIOPDC) confirmed that the oil depots in Shahran and Rey remain operational despite last night’s fire caused by an attack by the Zionist regime. 

Oil depot inventory adjusted before Shahran fire incident

SHANA (Tehran) - The Tehran Fire Department spokesperson stated that the warehouse that caught fire in the Shahran district contained petroleum products other than gasoline.

Oil soars more than 6% after Israel's strike on Iran alarms market

SHANA (Tehran) – Oil prices jumped more than $4 a barrel on Friday, hitting their highest price in almost five months after Israel struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies.

Iran increases heavy crude transfer capacity

SHANA (Tehran) – The deputy of operations at the production management of the National Iranian South Oil Company (NISOC) said that with the commissioning of a new 30-inch pipeline for transferring light oil from the West Karun fields, the 36-inch Ahvaz-Omidiyeh export pipeline has been reassigned to transport heavy oil.

Overhaul of gas compression stations begins in south oil-rich regions

SHANA (Tehran) – The deputy director of production, gas compression, and gas injection at the National Iranian South Oil Company announced the start of overhauls at gas pressure boosting stations by the maintenance department. The effort aims to ensure maximum readiness for the upcoming winter and guarantee stable gas supply to the national grid.

Expert warns of market instability following OPEC+ production move

SHANA (Tehran) - The former director of international affairs at the National Iranian Oil Company warned of the consequences of a recent decision by eight OPEC+ member countries, cautioning that instability could return to the oil market. 

‘Increased oil supply alone won’t lower prices’

SHANA (Tehran) – Morteza Behrouzifar, a faculty member at the Institute for International Energy Studies, said the recent decision by eight OPEC+ member countries to increase oil supply will not significantly reduce prices in the short term—barring a widespread global economic recession—unless geopolitical and economic stability persists.

Barrels return to the market: Is OPEC+ targeting shale?

SHANA (Tehran) - A recent decision by eight OPEC+ member countries has effectively reversed 62% of their voluntary production cuts over the past four months, bringing additional oil supply back to the market. The move raises questions about its intended goals and potential consequences for global oil markets. 

OPEC+ agrees to 411k bpd July output hike, eyes market balance

SHANA (Tehran) - The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on May 31, 2025, to review global market conditions and outlook.

NISOC takes major step toward sustainable oil production

SHANA (Tehran) – The CEO of National Iranian South Oil Company (NISOC) announced that the company aims to increase its oil production to more than 2.8 million barrels per day by the end of this year.

Comprehensive production roadmap drafted at NIOC

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the continuation of increasing oil production through the end of the year, stating that due to measures taken, subsidiaries have had access to a comprehensive annual production roadmap since the beginning of the year.

West Karun oil fields eyed for 1 mbd production

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the need to strengthen the Arvandan Oil and Gas Company to achieve the goal of producing 1 million barrels of oil per day from the West Karun fields.

Iran sets June 2025 oil prices for global markets

SHANA (Tehran) – The National Iranian Oil Company (NIOC) announced official selling prices for various crude oil grades in June 2025.

Iran’s oil industry must tap reserves to turn potential into power

SHANA (Tehran) – A senior oil expert stated that "power in the oil market originates at the wellhead," emphasizing that vast hydrocarbon reserves hold no operational economic value until they are extracted and utilized.

Revive exploration council to secure Iran’s oil future, says former NIOC director

SHANA (Tehran) – Saleh Hendi, former exploration director of the National Iranian Oil Company (NIOC), emphasized the strategic role of exploration in the future of the oil industry and called for the revival of the Supreme Exploration Council and greater attention to this sector by senior managers. He stated, "Exploration workers are the unsung pioneers of the oil industry."

Iran’s high potential for discovering new oil, gas reserves

SHANA (Tehran) – The former exploration director of the National Iranian Oil Company (NIOC) said the process of discovering oil and gas is becoming increasingly difficult, as large, low-risk reserves have already been identified, leaving current exploration operations with higher risks. However, Iran still holds significant potential for discovering new oil and gas resources.

Parliament backs easier investment in oil, energy

SHANA (Tehran) – A member of the Parliament’s Energy Committee emphasized the committee’s support for attracting investment in the oil and gas sector, stating that the legislature is focused on passing laws and regulations to facilitate domestic and foreign investment in the energy sector.

Tehran, Kabul pledge closer collaboration on energy projects

SHANA (Tehran) – Iran’s oil minister and Afghanistan’s minister of mines and petroleum stressed the need to expand bilateral cooperation in oil and gas, discussing ways to enhance collaboration.

Parliament seeks to remove barriers to investment in oil industry

SHANA (Tehran) – The head of the Energy Committee in Parliament emphasized the need to streamline regulations to attract investment in the oil and gas industry, stating that Parliament is seriously focused on investment and will provide both legal and operational support.

Kharg Island ready to fully support maximum Iranian oil exports

SHANA (Tehran) – The CEO of Iranian Oil Terminals Company emphasized the strategic position of Kharg Island in the country’s oil export chain and announced the company’s full readiness to support Iran’s maximum oil exports. He stated that Iran’s oil terminals play a key role in achieving the oil industry’s major goals through their specialized, infrastructural and logistical capabilities.

OPEC crude production hits 26.7 mbd in April

SHANA (Tehran) - Members of the Organization of the Petroleum Exporting Countries (OPEC) produced a combined 26.71 million barrels per day (bpd) of oil in April, according to the group’s latest report.  

Sino-US Tariff War Impact on Oil/Gas

SHANA (Tehran) - A trade war between the United States and China, the world’s top economies, has intensified over recent years. The latest indication is mutual sharp import tariff hikes. China has vowed to fight to the end in the face of US bullying, taking countermeasures against President Donald Trump’s administration.    

$100m in first-time production contracts signed at Iran Oil Show 2025

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) said the total value of four first-time production contracts signed at the oil exhibition was about $100 million.