Timing is the biggest question mark surrounding the US’ decision to lift four-decades of restrictions on crude exports on December 18, as energy economics and geopolitics spawn an oil glut that has depressed prices to a 12-year low.
Iran's exports of crude oil to China, India, Japan and South Korea fell by 16.2 per cent in November, compared to the same period in 2014.
A sharp drop in demand from its Asian customers will see Iranian exports drop by 14 per cent in October
More than 7 million barrels per day of new, global crude oil refining capacity is expected to come online by 2020—nearly a third of that located in the Middle East. This trend will have significant competitive implications for Asian refiners.
Despite spending cuts by IOCs operating its southern fields, Iraq has beaten market expectations for its oil exports for the second consecutive month.
Sabotage to the Ceyhan pipeline caused 12 days of disruption to Kurdish exports in March.
Sources confirmed that the initial plan would be to pump around 250,000 bpd from Erbil to Iran. Any potential deal could also see Kurdistan exporting gas to Iran.
Easing of international trade barriers following 2013 WTO agreement expected to reduce cost of GCC petrochemicals exports.
With international sanctions against Iran now being lifted, the Islamic Republic is looking to increase its exports to key customers in Asia Pacific.
Exxon gas marketing boss believes US government must remove bureaucratic red tape for major LNG export projects.
Iran's minister of economic affairs and finance, Ali Tayebnia, has said that he expects Iranian crude exports to hit the 2 million barrel per day mark "in a short time".
A recent report by the International Energy Agency (IEA) confirmed that Iran produced 3.56 million barrels of oil per day in April 2016. That figure is steadily increasing, and Zangeneh has said that Iran will not consider freezing its production levels u......
Basrah Gas Company has exported its first cargo of excess condensate from its Um Qasr marine facility.
The GCC now supplies around $15.4 billion of downstream oil and gas products to China.
International sanctions had capped Iran’s oil exports to just 1 million barrels per day. However, since the lifting of sanctions earlier this year, Iran’s crude exports have risen sharply. Iran is now believed to be exporting around 2 million barrels of o......