Iran plans to dramatically boost oil production from shared fields with Iraq, particularly in the West Karoun cluster.

Iran's Revolutionary Guards have seized two overseas-registered tankers in the Persian Gulf accused of fuel smuggling.

The Organization of the Petroleum Exporting Countries (OPEC) reported that Iran’s oil production in February rose from the previous month's level of 3.274 million bpd. The increase comes as the new ...

US President Donald Trump has threatened Iran with military action if it does not agree to a deal to limit its nuclear ...

Iran’s oil exports have risen significantly in recent months, driven by increased shipments to China and other Asian buyers. According to OPEC’s latest monthly report, the Islamic Republic’s crude oil ...

The OPEC+ group, comprised of the 12 OPEC members—Saudi Arabia, Iraq, Iran, Kuwait ... than 45 million barrels of crude oil per day—or 59% of global oil production. The combined clout of ...

LONDON, April 1 - Oil diplomacy ... with Iran's crude exports of around 1.5 million bpd last year, the two countries' combined exports total far more than OPEC's entire spare production capacity ...

Exclusive-US Mulls Plan to Disrupt Iran's Oil by Halting Vessels at Sea By Jonathan Saul and Jarrett Renshaw WASHINGTON (Reuters) - President Donald Trump's administration is considering a plan to ...