U.S. tells Iran’s oil customers including India not to expect new waivers
Iran’s oil customers should not expect new U.S. waivers in May, the U.S. Special Representative for Iran, Brian Hook, said last week, urging buyers to stop …
India’s tea production, exports decline in 2018
India’s tea production nudged 0.8 percent lower in 2018 from a year ago to 1311.63 million kg, trimming exports from the world’s biggest black tea …
Iran’s Asian oil clients restart imports at low rates
Japan, South Korea, India, and China are all buying Iranian crude once again, but at much lower rates than they did before November when U.S. sanctions kicked …
India exempts rupee payments made to Iran’s National Oil Company from taxes
The government of India has exempted rupee payments made to Iran’s National Oil Company (NIOC) towards the purchase of crude oil from payment of any tax, …
China’s CNPC halts Iran gas investment under U.S. pressure
State-controlled China National Petroleum Corporation (CNPC) has suspended investment in the giant South Pars gas field in Iran, following pressure from the …
Iran loses market share in India as its Oil exports slump in November 2018
India’s oil imports from Iran dropped to a one-year-low in November, plunging by 41 per cent from October due to the U.S. sanctions, Reuters reported, …
World Bank warns of extreme volatility in oil markets
After several months of oil price rises and then a sharp reversal over the last few weeks, world oil markets are in for more heightened volatility next year …
India’s crude oil imports from Iran rise 36% in October 2018
India imported as much as 2.57 million tonnes of oil worth an overall $1.42 billion from Iran over the past month. The figure marked an increase of 36 per cent …
IEA leaves global oil demand growth forecast unchanged
The International Energy Agency (IEA) has kept its forecast for global oil demand growth unchanged as lower oil prices may offset impact of weaker economy, it …
How buyers are lining up for Iran oil after U.S. exemptions
Armed with waivers to keep importing oil from Iran without running afoul of U.S. sanctions, several countries are preparing to manage the repercussions of …