Organisation of Petroleum Exporting Countries (OPEC) oil output rose in March to its highest since October 2008 as higher supply from Iraq and further recovery in Libya’s production offset a drop in shipments from Iran.
U.S. pressure is threatening to quash Iranian hopes of using oil fields it jointly holds with Iraq as a way to evade sanctions, people familiar with the matter say.
India is seeking up to 4 million tonnes a year of additional crude oil from Iraq, on top of 5 million tonnes it recently sought from Saudi Arabia, as it continues its search for extra barrels while maintaining that it will not cut imports from Iran…
India on Wednesday sought up to four million tonnes of additional supplies of oil from Iraq in 2012-13, the second indication in a week of New Delhi’s efforts to line up alternate sources in preparation for tapering supplies from Iran in the face of…
Iranian and Armenian oil ministers will ink an agreement on Wednesday based on which Iran will export gasoline and oil product to the Central Asian neighbor.