EghtesadOnline: Chinese enterprises will not pull out of Iran after US sanctions kick in, but they may face a tough business environment due to pressure from the US, Chinese analysts said following reports that the US demanded China and other countries cease imports of crude oil from Iran.
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: The Majlis Research Center has predicted Iranian crude oil to sell at an average price of $54 per barrel in the next fiscal year that starts in March.
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: Indian refiners imported nearly half as much crude oil from Iran in November as the month before, ship tracking data showed, while South Korea’s imports last month dropped to the lowest level since June.
EghtesadOnline: Iran produced 3.81 million barrels of crude oil per day in November, down 2,200 barrels compared with the previous month, OPEC's calculations showed on Wednesday.
EghtesadOnline: Average prices of Iranian crude oil have soared by around $12 per barrel in 2017 from the previous year, the Oil Ministry said, reflecting an upward trajectory in global prices of the energy commodity.
EghtesadOnline: Operations to swap the fifth batch of crude oil consignment from the Caspian Sea littoral states to the port of Neka in northern Iran with deliveries in the Persian Gulf were carried out successfully, deputy operations manager at Iranian Oil Pipeline and Telecommunications Company said.
EghtesadOnline: Iran's crude oil prices continued to advance in the week to November 3, following the trail of international oil benchmarks which have rallied to their peak levels in more than two years.
EghtesadOnline: Iran's crude oil crossed the $57-a-barrel threshold for the second time this year as global prices continue to draw support from the prospect of extending a supply cut agreement between OPEC and non-OPEC producers.