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Iran's four-year oil revenues hit $157b
Iran's oil revenues during the tenure of President Hassan Rouhani from March 2013 to March 2017 reached $157 billion, announced the head of Management and Planning Organization of Iran.
Iran becomes No. 2 oil supplier to South Korea in Q1
Iran ranked second-biggest oil exporter to South Korea in the first three months of 2017 as it ramped up output to regain market share after sanctions were lifted last year, the first time ever it has claimed the No.2 spot on a quarterly basis.
Italy refiner clears all oil debt with Iran
Italian oil refiner Saras announced that it has cleared all the debt it owed Iran for oil purchased before sanctions were imposed against the country in 2012.
Iran's crude exports set to 1.7 mbd in May
Crude oil loadings from Iran are expected to total nearly 1.7 million barrels per day (mbd) in May, with almost 100,000 bpd being put into storage on tankers, said a source with knowledge of the Middle Eastern country's tanker loading schedule.
Saudi Arabia, Kuwait signal likely extension of oil supply cuts
Leading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend into the second half of the year a deal with non-OPEC producers to curb oil supplies.
Kuwait: Iran may keep same oil output
Iran will probably be allowed to keep its oil production unchanged if OPEC decides to extend its six-month agreement on output cuts beyond June, Kuwaiti Oil Minister Issam Almarzooq said.
Saudis to shelve projects worth 'billions of dollars' as cheap oil bites - report
Saudi Arabia has reportedly canceled or restructured economic and infrastructure projects worth billions of dollars.
Iran boasts of economic break from oil
During the first 11 months of the Iranian year to March 20, non-oil exports have grown more than 30 percent, state media reported Monday.
South Korea's March oil imports from Iran hit record high
South Korea's intake of Iranian crude oil soared to a record high in March and its first-quarter crude imports from Iran nearly doubled on year, reflecting Tehran's efforts to raise output after the lifting of sanctions early last year.
Iran returns to permitted level of oil output
Iran's oil output increased to 3.819 million barrels per day (mbd) in February, but in March the amount went down to 3.79 mbd — an output level permitted under the OPEC deal.
Oil demand growth slows for second year
Demand for oil is expected to slow for the second year in a row, the International Energy Agency has said.
Oil exporting countries deem Iran's economy as significant
Iran’s economy has a special place among oil exporting countries, said Iran's ambassador to Bosnia-Herzegovina Mahmoud Heidari on Wednesday.
Petroleum minister puts Iran's oil exports at 2.6m bpd
Minister of Petroleum Bijan Zangeneh said on Wednesday that Iran exported more than 2.6 million bpd last year on average and will continue the same path this year.

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