Iran Calls U.S. Efforts to cut its Oil Exports to Zero ‘Political Bluff’ i

Statements by the United States that it would reduce Iran’s oil exports to zero are a “political bluff”, the head of state-run National Iranian Oil Company (NIOC) said, according to a report published by Tasnim news agency on Wednesday. Iran’s Foreign Ministry also criticized U.S. sanctions imposed on Tuesday on several Iranian banks and other
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Iran’s oil exports have only declined “very slightly,” while production has remained level, the managing director of National Iranian Oil Company said Tuesday. “We are very solid now” in terms of production outlook, Ali Kardor said at an oil and power conference in Tehran, though he conceded that this could change depending on how NIOC’s
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India’s oil imports from Iran edged up in September from the previous month as refiners pushed back loading of some August cargoes due to a delay in obtaining government approval to use Iranian ships and insurance, data obtained from sources showed. Last month, India shipped in about 528,000 barrels per day (bpd) oil from Iran,
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Iraq exported more than 4 million barrels a day for a second consecutive month in September as buyers sought alternative supplies to Iran ahead of U.S. sanctions. Shipments from OPEC’s No. 2 producer were 4.062 million barrels a day, the highest since November 2016 and compared with 4.061 million a day in August, according to
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OPEC delivered only a limited increase in oil production in September, a Reuters survey has found, as a cut in Iranian shipments due to U.S. sanctions offset higher output in Libya, Saudi Arabia and Angola. The 15-member Organization of the Petroleum Exporting Countries pumped 32.85 million barrels per day in September, the survey on Monday
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US President Donald Trump is the “main culprit” to blame for a recent surge in oil prices, Iranian Oil Minister Bijan Namdar Zanganeh said on Wednesday 26 Sep ‘18. “The main culprit of the price hikes… and the destabilisation of the market is Mr Trump and his disruptive and illegal policies,” Zanganeh said on state
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Indian refiners will either have to significantly reduce or completely stop importing crude oil from Iran over the next month, increasing their dependence on other West Asian suppliers such as Saudi Arabia and Iraq, Moody’s Investors Service said on Thursday. US President Donald Trump earlier this week in a speech to the United Nation’s General
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Sanctions against Iran could contribute to a “nasty gap” in the market at year-end, with oil prices potentially reaching $100/b, but probably not for a prolonged period, Standard Chartered bank’s head of commodities research, Paul Horsnell, said. Speaking to S&P Global Platts on the sidelines of an event in London, Horsnell said the reinstatement of
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Imports of Iranian crude oil by major buyers in Asia hit a two-month low in August, hurt by a more than 80 percent plunge in South Korean purchases ahead of upcoming U.S. sanctions on Tehran, government and ship-tracking data showed. China, India, Japan and South Korea last month imported 1.57 million barrels per day (bpd)
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As impending U.S. sanctions squeeze Iranian oil supplies, top OPEC member Saudi Arabia is changing its own crude diet to meet customer demand for alternative cargoes. The trading arm of state-run producer Saudi Aramco is said to be offering an ultra-light oil known as Khuff condensate, a rarely traded grade that’s typically processed in the
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