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Feb 2015
Iranian Light 54.33
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                    Selected News:   

Asia oil buyers to increase Iran imports


Tehran, March 24, IRNA – Oil buyers in Asia are set to purchase more crude oil from Iran amid hopes of a long-awaited nuclear deal to ease sanctions against the Islamic Republic.

As intensive nuclear talks are to resume between Tehran and six world powers, at least six Asian refiners are forecasting more supply from Iran if a permanent deal is reached to lift the sanctions.

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Oil prices drop as Saudi Arabia raises output 


Tehran, March 24, IRNA – Oil prices have kept falling as top producer Saudi Arabia refuses to heed calls to cut output to help balance the fluctuating market.

On Tuesday, North Sea Brent crude oil futures were trading at $55.58 a barrel at 0301 GMT, down 34 cents. US West Texas Intermediate (WTI) crude was down 48 cents to $46.97 a barrel.

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‘Iran’s oil export to China jumps in February’


New reports indicate that Irans oil exports to China witnessed a hike of 13.5% in February from the previous month.

The latest customs data shows that the Chinese oil imports from Iran last month were 2.04 million tons, or 532,400 barrels per day (bpd), up 13.5 percent from January on a daily basis.

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