Iran’s vision for the new year is to ramp up crude oil production above 4 million barrels per day, CEO of the National Iranian Oil Company Mohsen Khojastehmehr says.

Iran has begun production from the second oilfield in southern Fars province at a rate of 9,000 barrels per day (bpd), the CEO of the National Iranian Oil Company (NIOC) has said.

British Health Secretary Sajid Javid has defended Prime Minister Boris Johnson’s decision to travel to Saudi Arabia to lobby for action to keep oil prices in control amid a spiraling crisis in the global energy market.

Oil Minister Owji says Iran’s oil output will reach its maximum within 1-2 months from a deal in Vienna.

Nigerian minister says no need for extra OPEC+ oil production as he expects more Iranian oil in markets.

The Syrian ministry of petroleum says the ongoing foreign-sponsored conflict has inflicted around $100.5 billion in damage on the country’s energy sector.

Venezuela has doubled its oil production over the past months thanks to Iran's help in defiance of US sanctions against Caracas, oil industry analysts say.