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South Korea requests waiver extension for Iran oil imports
A business lobby group of South Korea asked the US government to extend Korea’s exemption from sanctions on the purchase of Iranian oil.
Iran says oil sales will go on without problem
An Iranian lawmaker said the experience of bypassing sanctions have enabled Tehran to keep selling oil in the current Iranian year without any problem.
Minister: US pressure on Iran, Venezuela making oil market fragile
Iran’s oil minister said on Sunday that US sanctions on Iran and Venezuela and tensions in Libya have made the supply-demand balance in the global oil market fragile; he warned of consequences for increasing pressure on Tehran.
Tanker market in March: Declines from the norm
In its latest monthly report, OPEC noted that average dirty tanker spot freight rates declined further in March, continuing the downward trend seen in the first quarter.
India’s Iran oil imports up 5% year-on-year despite US sanctions: Sources
India imported about five percent more oil from Iran in the last fiscal year through March as companies raised purchases ahead of US sanctions against Tehran from November, preliminary tanker arrival data obtained from shipping and industry sources showed.
Iran shuts down some oilfields to aid flood-hit people
Iran has shut down some oilfields in southwestern Khuzestan Province to control damage from floods and prevent possible environmental pollution, Oil Minister Bijan Namdar Zanganeh said.
Young Norwegians call time on oil industry
When Norway’s largest political party decided that the Lofoten Islands in the north should not be opened up to oil exploration, a chill ran down the spine of the energy industry.
OPEC’s oil production plunges to four-year low in March
Oil supplies from OPEC sank by half a million barrels a day in March, hitting a four-year low.
S&P Global: Iranian oil exports recover close to pre-sanction levels
Iranian oil exports, which have been struggling due to US sanctions since late last year, have recovered close to prior levels, supported by unflinching demand from China and South Korea, data from shipping sources and provisional tanker tracking data showed.
India in talks with US to extend Iranian oil sanctions waiver
that would allow the South Asian country to import Iranian oil without any repercussions. India was granted a six-month waiver to purchase oil from Iran after US sanctions on Iran went into effect in November 2018.
South Korea calls for sanction waiver extension over Iranian oil imports
South Korea and the United States discussed a possible sanctions waiver extension for Iranian oil imports.
CBI: Oil exports fetched Iran about $66b in year to March 2018
Iran’s oil exports fetched close to $66 billion in revenue during the year to March 2018, announced the Central Back of Iran (CBI).
Oil climbs to five-month high on OPEC cuts, US sanctions, Libya fighting
Oil prices rose to their highest level since November 2018 on Monday, driven by OPEC supply cuts, US sanctions against Iran and Venezuela and fighting in Libya as well as strong US jobs data.
Why oil prices rallied 30% this year
By Tsvetana Paraskova

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