EghtesadOnline: As the US ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market.
EghtesadOnline: Japan's largest refiner JXTG Nippon Oil & Energy is set to resume loading of Iranian crude oil as early as Monday, almost three months after the US sanctions waiver was granted.
EghtesadOnline: Japan's major oil wholesalers are preparing to suspend crude oil imports from Iran in October, amid fears Washington will sanction countries importing Iranian crude, local media reported on Tuesday.
EghtesadOnline: South Korea’s imports of Iranian crude rose around 15% in July from a month earlier. South Korea shipped in 788,651 ton of crude oil from Iran last month, or 186,478 barrels per day, customs office data showed on Wednesday, up from 686,849 tons in June, Reuters reported.
EghtesadOnline: Turkey’s biggest oil importer Tupras has cut back purchases of Iranian crude since May, when the United States said it would reimpose sanctions on Tehran, and analysts say Tupras is likely to stick to lower volumes in coming months.
EghtesadOnline: An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, media reports cited an official from the refiner, Dongming Petrochemical Group, as saying.
EghtesadOnline: South Korea’s crude oil imports from Iran fell 47% in January from a year ago to 950,013 tons, or 224,632 barrels per day, the lowest since October 2016, customs data showed on Thursday.
EghtesadOnline: Iran's light crude made small gains in the week to Dec. 22, moving in the opposite direction of Brent, the international benchmark for crude prices.
EghtesadOnline: Imports of Iranian crude oil by major buyers in Asia tumbled 29% in November from the same month a year ago to the lowest volumes since April 2016, government and ship-tracking data showed.
EghtesadOnline: A private Indian company is looking to invest in Iran's infrastructure for the storage of crude oil and byproducts.