The International Monetary Fund (IMF) in its latest Regional Economic Outlook report for the Middle East, North Africa and Central Asia has ranked Iran 26th among the countries of the mentioned regions in terms of foreign debt.
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A broad easing of U.S. oil sanctions on Venezuela will not quickly expand its output but could boost profits by returning some foreign companies to its oilfields and providing its crude to a wider set of cash-paying customers, experts said.
OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran's foreign minister called on members of the Organisation of Islamic Cooperation (OIC) to impose an oil embargo and other sanctions on Israel, four sources from the producer group told Reuters.
An oil tanker that the U.S. government imposed sanctions on for recently carrying Russian oil above the Western price cap is proceeding to the Baytown refinery in Texas for unloading, Exxon Mobil said on Tuesday.
Iran and Belarus signed a document on cooperation in the oil sector in the Belarusian capital Minsk on Tuesday.
As Tokyo scrambled to respond to Hamas attacks on Israel this month, Japanese officials found themselves debating a perennial fear: what does it mean for the resource-poor nation's oil lifeline from the Middle East?
The Indian government's discomfort over letting state-controlled refiners pay for Russian oil imports with Chinese currency has held up the payment for at least seven cargoes, people with direct knowledge of the matter said.
The value of trade between Iran and the U.S. stood at $33.4 million in the first eight months of 2023, registering a one percent rise compared to the previous year’s same period, IRNA reported citing the latest statistics released by the American Statistical Association (ASA).
Since the start of the Ukrainian conflict, Russia, a leading global oil producer, has cemented its energy ties with China, the world's No. 2 oil consumer after the United States.
The Strait of Hormuz, in Iranian waters, is one of the biggest oil chokepoints in the world. Iran's Foreign Minister, Hossein Amir-Abdollahian, said this week that "other fronts" might open in the Israel-Hamas war. Saudi Arabia, which has been recently working on a deal to build diplomatic relations with Israel, has refrained from taking a side.
Head of Iran Chamber of Guilds Mojtaba Safaei hosted a meeting with Abdullah bin Saud al-Anzi, Saudi Arabia’s new Ambassador to Tehran, on Saturday evening, in which the officials discussed ways of expanding trade relations between the two countries.
Cooperation between Iran and Russia in the oil sector results in increasing production and exports, said a member of Iran’s Parliament on Sunday.
Russia is the strategic partner of Iran in the energy sector, said an Iranian lawmaker on Saturday.
Saudi Energy Minister Prince Abdulaziz bin Salman said in a Russian TV interview that it was necessary to be "proactive" on the oil market and attempt to bring stability to it, while adding that oil producers do not target prices.
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Iranian Oil Minister Javad Owji on Wednesday said Tehran-Moscow ties “have entered a new stage” and the two sides are determined to deepen their relations.
Saudi Arabia and Russia, the world's top two oil exporters, on Wednesday discussed the situation on the oil market and prices amid the escalating conflict between Israel and Hamas, President Vladimir Putin's top oil official said.
During a meeting between Iranian Oil Minister Javad Oji and Belarussian Minister of Industry Rogozhnik Alexander Nikolaevich at the place of Iranian Oil Ministry in Tehran on Tuesday evening, the two sides stressed the need to expand relations in the field of energy.
Iran’s Oil Minister Javad Owji on Wednesday said oil and gas talks will be held with Russian companies on the sidelines of the 6th Russian Energy Week International Forum in Moscow.