oil trade

Asia

China reject US sanctions, Continue to Import Iranian Oil

China said Friday it would continue to import Iranian oil in defiance of US sanctions on the country, a day…

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Middle East

Turkey will pursue non-dollar transactions in trade: Erdogan

Turkish President Recep Tayyip Erdogan has lashed out at the United States for behaving like “wild wolves,” saying Ankara would…

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Iran

IRGC monitoring Hormuz Strait, will respond to violations: Maj. Gen. Baqeri

Chief of Staff of the Iranian Armed Forces Major General Mohammad Baqeri says the Islamic Revolution Guards Corps (IRGC) is…

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Saudi Arab

Saudis struggling to sell oil, regret opening taps ‘too quickly’: Independent

Shortly after indications grew that Saudi Arabia had increased its production of crude oil in response to a call to…

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Iran

IRGC ready to act on Rouhani’s warning on US oil bans: Chief commander

Iran’s Islamic Revolution Guards Corps (IRGC) says it stands ready to put in action President Hassan Rouhani’s latest position that…

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Saudi Arab

IMF urges Saudi not to boost spending as oil rises

The International Monetary Fund (IMF) has urged Saudi Arabia to keep public spending under control as the kingdom’s economy appears…

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Saudi Arab

Saudi Arabia says will freeze oil output only if Iran joins

Saudi Arabia said on Friday that it will freeze its oil production levels only if Iran and other major producers…

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Middle East

Trade Ties between Erdogan’s Son and ISIL Main Cause of Russian Jet Downing by Turkey

The large-scale trade and energy cooperation between the son of Turkish President Recep Tayyip Erdogan and the ISIL terrorists group…

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Iraq

Amount of Money ISIS Makes by Oil

ISIS is capable of producing 30,000-40,000 barrels of oil per day to cover organization’s payroll of around $360 million a…

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World

UK MP Nadhim Zahawi behind ISIL oil trade

According to various stories on the Internet and social Medias and the BBC's Jiyar Gol reports, Nadhim Zahawi, a British-nationalized…

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