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Iran demands release of Grace 1
July 15, 2019

Iran demands release of Grace 1

Iran has made it very clear that nothing will stop the nation to export its oil. Foreign Minister of Iran, Mohammad Javad Zarif told its British counterpart that "Iran will continue its oil exports under any conditions". He has also appealed to Britain for releasing the Grace 1 oil tanker. This tanker was seized last week by the British Royal Marines.

Fears of Iranian retaliation keep BP oil tanker in the Gulf
July 9, 2019
Source: Energy Voice

Fears of Iranian retaliation keep BP oil tanker in the Gulf

One of the BP-run oil tankers is sheltering inside the Persian Gulf amidst fears of Iranian retaliation to the arrest in Gibraltar last week. The British Royal Marines seized a vessel hauling the Islamic Republic’s crude. BP-chartered British Heritage was on its due course towards Basrah terminal when it made an unexpected turn on July 6. BP is thought to be concerned about becoming a target of Iranian retaliation.

Iranian oil crawls back in supertankers
Sept. 12, 2018
Source: World Oil

Iranian oil crawls back in supertankers

Looming US sanctions is now constraining Iran to store their oil into supertankers. No less than five full crude tankers have moored off the Iranian coast over the past couple of weeks. The Persian country had employed this strategy when the Obama Administration had forced sanctions on its trade. Iran’s biggest buyers including France, South Korea and others have already started to cut off oil import sharply.

Landmark first cargo of crude oil from ADNOC en-route to India
May 14, 2018
Source: Emirates 24*7

Landmark first cargo of crude oil from ADNOC en-route to India

According to an agreement between Abu Dhabi National Oil Company (ADNOC) and Indian Strategic Petroleum Reserves Ltd. (ISPRL), the first cargo of crude oil from ADNOC has been loaded for Mangalore Strategic Crude Oil Reserve. According to Indian officials, this project will provide a boost to India’s energy security and help them deal with supply side disruptions.

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