Recent Posts

South Korea boycotts Iran’s oil

South Korea has stopped buying Iran’s oil, Iran’s Ministry of Petroleum confirmed on Sunday. “It is for three successive months that South Korea has not imported oil from Iran,” public relations of the ministry announced…Prior to the U.S. sanctions threat, Seoul imported 180,000 barrels per day of Iran’s crude oil, …

Read More »

OPEC, Russia rebuff Trump

OPEC’s largest producer Saudi Arabia and its biggest oil-producer ally outside the group, Russia, rebuffed US President Donald Trump on Sunday over his call for more oil output to reduce prices.

Read More »