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TEHRAN - The managing director of the National Iranian Oil Company (NIOC) announced a 70,000-barrel-per-day (bpd) increase in ...

TEHRAN ñ The value of non-oil trade between Iran and China stood at $26.7 billion in the first 10 months of the current ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...

U.S. President Donald Trump will reimpose "maximum pressure" on Iran and drive its oil exports down to zero, a U.S. official ...

Oil prices rebound on fears of potential supply disruptions as Trump prepares to impose sanctions on Iran, leading energy ...

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Iran hit out at the United States for imposing new sanctions against its oil industry, as Supreme Leader Ayatollah Ali Khamenei warned against mooted talks with Washington. Iranian Vice-President for ...

The survey revealed that OPEC produced 26.53 million barrels per day in January, a drop of 50,000 barrels per day from ...

The sanctions—primarily on Iran's oil business, weapons sales, and financial transactions—severely harmed Iran’s economy. As one of the world's largest producers of crude oil, prices went ...

Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...