The National Iranian Oil Company (NIOC) was established in 1948 and is owned by the government of Iran. It is a member of OPEC. Headquartered in Tehran, Iran, NIOC was first called the Anglo Persian ...

President Donald Trump's sanctions against Iran are designed to shut down the country's oil industry and "collapse its ...

Close to a dozen US-sanctioned tankers are idling off Malaysia with Iranian crude, with some having been stationed in the oil ...

Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the ...

Washington has issued new Iran-related sanctions, including a Chinese "teapot," or independent refiner, and vessels that ...

Iranian oil flows to China had already dropped due to rising freight ... the world's media organizations, industry events and ...

The US has filed a civil forfeiture complaint for $47 million in proceeds from the sale last year of around 1 million barrels ...

The Trump administration should back away from threats and engage Iran in an effort to bring a diplomatic halt to its nuclear ...

Iran's First Vice President Mohammadreza Aref stated that Iran is striving to become a regional energy hub, emphasizing that ...

Brent crude futures were up 12 cents at $72.12 a barrel by 0850 GMT, while U.S. West Texas Intermediate crude futures rose 15 ...