Thursday, June 25, 2026

BP Buys First Iranian Oil Since Sanctions Eased

From Bloomberg Iran’s state-owned oil company sold condensate to BP Plc for the first time since sanctions were lifted in January, marking the country’s re-emergence as one of the world’s top suppliers of crude oil and natural gas liquids. National Iranian Oil Co. will supply South Pars condensate to BP for loading between September and October, said an NIOC official, asking not

Non-OPEC Participation in Deal would Cut 1.2 Million Barrels per Day: Venezuela

From Reuters Participation by non-OPEC countries in a deal to stabilize oil prices would remove a total of 1.2 million barrels per day from an oversupplied market, Venezuela’s Oil Minister Eulogio Del Pino said on Tuesday. The Organization of the Petroleum Exporting Countries (OPEC) agreed last week to bring its production to between 32.5 million and 33.0 million bpd by