Iran oil sales

Iran set to increase oil exports despite sanctions: Minister

Iranian Oil Minister Javad Owji says crude oil exports from the country will further increase in the upcoming months despite the growing pressure of the US sanctions on the Iranian energy sector.

Energy

Iran raises its oil prices for Asian buyers

Iran has raised the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers, a report says.

Energy

Iranian heavy crude price up in January: OPEC data

Iranian heavy oil price increased by $2.45 in January to register a 3.1-percent increase compared to December 2022, according to OPEC’s latest monthly report.

Energy

Iran eyes 1.4 mb/d of oil sales in fiscal 2023-24

The National Iranian Oil Company is projected to sell 1.4 million barrels per day of crude oil at $85 as per the budget law of next Iranian year (March 2023-24), partly by using a barter system.

Energy

Iran oil prices up $30 per barrel in 2022: OPEC

Latest figures by the Organization of the Petroleum Exporting Countries (OPEC) show that Iran’s crude oil prices rose by an average of over $30 per barrel year on year in 2022 while its output also increased by 7% over the same period.

Energy

Iran expects an annual $14.7 billion sales of crude oil, derivatives

The government is projecting the sales of crude oil and its derivatives to earn 6,030 trillion rials ($14.75 billion) in the budget bill for the upcoming Iranian year (March 2023-24).

Energy

Report predicts Iran to earn $27 billion of oil revenues in 2023

Iran’s oil revenues are estimated to reach over $27 billion in 2023, according to a parliament report which expects a tight global supply of oil and continued sanctions on Iran will limit the country’s ability to pump more crude compared to last year.

Energy