Iran has struck new deposits of “unconventional” oil estimated to hold up to 5bn barrels altogether, the head of the exploration department of the National Iranian Oil Co. (NIOC) said in ...

Iran plans to dramatically boost oil production from shared fields with Iraq, particularly in the West Karoun cluster.

The Organization of the Petroleum Exporting Countries (OPEC) reported that Iran’s oil production in February rose from the previous month's level of 3.274 million bpd. The increase comes as the new ...

NEW YORK (Reuters) -Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group ...

Oil prices rose in early Asian trading on Friday, and were set for their second consecutive weekly gains, after fresh U.S. sanctions on Iran and a new OPEC+ plan for seven members to cut output ...

The tightened U.S. sanctions on Iranian oil flows under the Trump Administration’s renewed maximum pressure campaign have created chaos in Iran’s oil exports to its single biggest buyer ...

It was Washington’s fourth round of sanctions on Iran’s oil sales since US President Donald Trump said in February he was re-imposing a “maximum pressure” campaign including efforts to ...

The waivers will be valid for six months, during which time the importing country can buy Iranian oil but must deposit Iran's revenue in an escrow account. Iran can spend the money but only on a ...

Iraq minister says Iranian tankers used forged Iraqi documents Tehran denies using such documents Iran says allegations came from U.S officials BAGHDAD, March 24 (Reuters) - Iraq's oil minister ...

Gulf News Archives Tehran: The Trump administration is imposing sanctions on Iran’s oil minister, as well as targeting more companies and vessels linked to the “shadow fleet” that Tehran ...

[HOUSTON] Oil prices rose on Thursday after the United States issued new Iran-related sanctions and renewed tensions in the Middle East countered strength in the dollar. Brent crude futures settled up ...