India has begun paying Iran for oil in rupees, a senior bank official said Tuesday, the first such payments since the United States imposed new sanctions against Tehran in November.
Washington gave a six-month waiver to eight countries, including India, allowing them to import some Iranian oil,...
The oil market is on its way to rebalancing, and the 1.2 million barrels per day in supply cuts by OPEC and its allies will be enough to finish the job in the first half of this year, UAE Energy Minister Suhail al-Mazrouei said Wednesday.
"We have seen the correction in December, in January...
Turkey has resumed imports of Iranian crude oil after a one-month hiatus in November when US sanctions on Iran were reimposed, trading and shipping sources said.
The United States granted Turkey and other countries import waivers in early November. Turkey said it was permitted to take 3 million...