Escalating U.S.-China trade war, a blessing in disguise for Iran’s oil industry?!

TEHRAN – The U.S.-China trade war, which has been going on for more than a year, entered a new phase last week as China not only imposed new tariffs on U.S. goods in retaliation against Trump's actions, but took the matter a step forward by putting "crude oil" on its tariff list.

U.S. sanctions on Iran’s oil industry hurting India: envoy

TEHRAN - Indian Ambassador to the U.S. Harsh Vardhan Shringla said the U.S. decision on ending waivers for the purchase of Iranian oil is hurting India's economy, Sputnik reported.

By Ebrahim Fallahi

Have Iranian oil exports really fallen to 100,000 bpd?

TEHRAN - Recently some reports have been published by ship tracking companies and industry sources regarding Iranian oil exports in July which have put the county’s shipments at near 100,000 barrels per day (bpd) in the mentioned month.

China still ships in Iranian oil despite U.S.’s tougher stance: report

TEHRAN – China is still importing oil from Iran despite the U.S.’s reimposition of the sanctions on the country, Bloomberg reported on Friday citing official customs data. The Asian country imported 855,638 tons (about 209,000 barrels per day) of crude oil from Iran in June.

IRENEX to hold 5th round of heavy crude oil offering on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.

‘Foreign buyers eager to purchase Iranian oil offered at IRENEX’

TEHRAN – National Iranian Oil Company (NIOC)’s representative in Iran energy Exchange (IRENEX) said foreign buyers have expressed willingness for purchasing Iranian oil offered at this exchange market, IRNA reported on Sunday.

IRENEX to hold 4th round of heavy crude oil offering on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.

Oil loadings from Iranian ports ongoing as before: PMO

TEHRAN – Deputy director of Iran’s Ports and Maritime Organization (PMO) said crude oil loadings and exports from the country’s ports has not been halted and the exports are ongoing just like before, ILNA reported on Saturday.

Iran offers petrochemicals, naphtha at IRENEX

TEHRAN – Iran has offered a variety of petrochemical products as well as 5,000 tons of light naphtha at the country’s Energy Stock Market (IRENEX), Fars news agency reported.

Cutting Iranian oil supplies to cost Japanese refiner nearly $1m per month

TEHRAN – The President of Japan’s Fuji Oil Company said replacing Iranian oil supplies is going to cost the company an extra 100 million yen ($911,000) each month, Reuters reported.

Iran all set to sell oil in a ‘gray market’

TEHRAN – Iran is mobilizing all its resources to sell its oil in a gray market, countering unjust and illegitimate U.S. sanctions, IRNA quoted Deputy Oil Minister Amir-Hossein Zamaninia as saying on Sunday.

U.S. not successful in zeroing Iranian oil exports: Reuters

TEHRAN – Although Iranian oil exports are expected to fall in May but the United States has not been successful in driving Iranian oil exports to Zero, Reuters reported, citing industry sources.

‘No country can replace Iran in oil market’

TEHRAN- No country can replace Iran in the global oil market, Iranian Deputy Oil Minister Amir-Hossein Zamaninia stressed.

Iranian official warns of oil going above $100

TEHRAN - Chairman of Majlis (Parliament) Energy Commission, Fereydoun Hasanvand warned that oil prices are going to surge above $100 per barrel following the U.S. decision to end the waivers.

Iran will find ways to sell its oil in the market: Pakistani expert

TEHRAN – Pakistani Energy expert and former director of operations for the World Bank Moazzam Ziad Alahdad said U.S. sanctions cannot stop Iran from doing business with the world and the Islamic republic will definitely find a way to maintain its oil exports.

Ending waivers won’t stop Iran oil exports: official

TEHRAN – Iran's presidental chief of staff said the U.S. decision on ending the waivers on Iran sanctions is not going to stop the country’s oil exports.

China's March Iran oil imports rise 6% from a month ago

TEHRAN - China’s imports of Iranian crude oil increased by six percent from the previous month, Reuters reported on Thursday citing customs data.

By Mohammad Ghaderi - Twitter: @ghaderi62 - Email: m.ghaderi62@gmail.com

How Trump’s oil plans backfires on him

….. What are the consequences of the White House anti-Iran activities?

TEHRAN - As expected, Donald Trump, the U.S. president didn’t extend sanctions exemptions to nine countries importing oil from Iran including India, China, Turkey, South Korea and Japan.

China stands by Iran, opposing unjust U.S. sanctions

TEHRAN - Chinese foreign ministry announced on Monday that the Asian country is consistent about opposing unilateral U.S. sanctions against Iran, Reuters reported on Monday.

Iran says U.S. can’t realize “Zero Iran oil” plan

TEHRAN – Following reports that the U.S. is planning to end the waivers on Iranian oil sanctions, a source with the Iranian oil ministry said Washington cannot drive Iranian oil exports to zero.

Japan is talking to U.S. to keep its Iranian oil supply steady: minister

TEHRAN - Japanese Minister of Economy, Trade, and Industry said his country is trying to convince U.S. to keep buying Iranian oil in order to maintain its energy supplies.

India ships in 5% more oil from Iran in late 2018 up to March 2019

TEHRAN- Indian refiners’ shipment of Iranian crude oil increased by near five percent through March, Reuters reported citing tanker data obtained from shipping and industry sources.

Iran’s annual oil revenues exceed $65.8b: CBI

TEHRAN – According to the Central Bank of Iran (CBI)’s latest data, Iran’s revenues from crude oil and oil products exports in the Iranian calendar year of 1396 (March 2017 - March 2018) stood at $65.818 billion.

India engaged with U.S. on Iranian oil imports

TEHRAN- India says the country is engaged with the Trump administration on the issue of extending the waiver on imports of oil from Iran as the waiver expires next month, ND TV reported on Thursday.

Japan extends insurance for imports of oil from Iran

TEHRAN- Japan has extended state-backed insurance for the imports of crude oil from Iran, a government official told Reuters on Thursday.

India seeking extension of waiver on Iran’s oil imports

New Delhi is negotiating with Washington about extending a waiver of U.S. sanctions on imports of oil from Iran which will expire in early May, two sources in India with knowledge of the matter said.

Iran not to allow U.S. to reduce its oil to zero: Zanganeh

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said his country will not allow the United States to reduce its oil exports to zero, Shana reported.

India exempts rupee payments for Iran oil from hefty taxes

India’s finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters.

Japan, South Korea plan to resume Iran oil imports from January: sources

Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from U.S. sanctions on Tehran, sources familiar with the matter said.

Sanctions doomed to failure, Rouhani says

TEHRAN – President Hassan Rouhani on Wednesday denounced the U.S. sanctions against Tehran as “ineffective”, saying Washington’s approach toward Iran is “wrong” that will definitely end in “failure”.