India plans to resume oil imports from Iran to skirt US sanctions: Report

The government of PM Modi is seriously studying plans to resume oil purchases from Iran despite the sanctions. New Delhi is reportedly ironing out the details.

Iran using all resources to sell oil in grey market: Official

Tehran says the US sanctions won’t hinder its continued efforts to sale oil in unofficial ’grey market’. Iranian authorities and energy analysts believe Iran would be able to export as much as 600,000 bpd.

Eu, Britain condemn US oil, nuclear sanctions on Iran

The three European signatories to Iran nuclear deal of 2015 have said the American punitive measures will put the agreement in danger. The statement comes after the US avoids extending oil waivers.

Iran says Trump should choose between sanctions or low US fuel prices

Oil prices have risen more than 30 percent this year on the back of supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and U.S. sanctions on oil exporters Iran and Venezuela, plus escalating conflict in OPEC member Libya.

India’s 2018/19 Iran oil imports up 5% YoY despite US sanctions: Report

India imported about 5 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 to sell oil on IRENEX for 8th time

One million barrels of the Iranian light crude will be put on sale on IRENEX as the country faces US sanctions on its vital oil sector.

Iran exports 1.5m bpd of crude in March, highest since November sanctions

Latest data by Bloomberg tanker tracking service show Tehran oil exports in March hit 1.5 million barrels a day, the highest in last five months when the US reimposed economic sanctions in November.

South Korean officials to press for Iran sanctions waiver in United States

Seoul obtained last November a 180-day exemption from US sanctions on buying Iranian energy. The Asian country has been trying to convince the US authoities that Iranian condensates are the best feed stock for its refineries.

Video

New Delhi optimistic about securing 2nd Iran oil waiver: Indian envoy

Indian Ambassador to Iran Gaddam Dharmendra says a team from his country is currently negotiating with the US authorities to obtain another exemption to keep buying Iranian crude. He also talked about how India’s SPV is different from the European INSTEX.

India negotiating with US to continue Iran oil purchase

The country has been buying crude from Iran under the US sanctions although in lesser quantities. The energy-hungry South East Asian state, is eager to be able to import Iranian crude as well as abide by the US punitive measures.