• 5 minutes Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 2 hours Alberta govt to construct another WCS processing refinery
  • 2 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 59 mins What Can Bring Oil Down to $20?
  • 1 min Let's Just Block the Sun, Shall We?
  • 3 hours OPEC Cuts Deep to Save Cartel
  • 7 hours Regular Gas dropped to $2.21 per gallon today
  • 9 hours Venezuela continues to sink in misery
  • 7 hours $867 billion farm bill passed
  • 1 day Sane Take on the Russia-Ukraine Case
  • 2 days Waste-to-Energy Chugging Along
  • 1 day Sleeping Hydrocarbon Giant
  • 11 hours Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 5 hours Global Economy-Bad Days Are coming
  • 11 hours WTO So Set Up Panels To Rule On U.S. Tariff Disputes
Alt Text

OPEC Sees Demand For Its Crude Oil Lower In 2019

OPEC expects demand for its…

Alt Text

OPEC+ Gears Up For Production Cuts

Oil prices rose once again…

Alt Text

The U.S. Oil Industry’s Dirty Little Secret

The U.S. oil industry has…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing for news outlets such as iNVEZZ and…

More Info

Trending Discussions

Iran's Demands: Europe Must Guarantee It Will Buy Iranian Oil

Iran’s Supreme Leader Ayatollah Khamenei has issued five demands to the European Union (EU)—including Europe guaranteeing Iran’s oil will be completely sold—that European leaders could find quite difficult to meet.

“Iran will resume halted nuclear activities if Europe fails to provide guarantees,” Ayatollah Khamenei said, a week after the EU said that it would act to protect the interests of EU companies investing in Iran as part of the European bloc’s continued commitment to the Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran nuclear deal.

After the U.S. withdrew from the deal, the EU, China, and Russia are trying to salvage the deal, and their diplomats are expected to meet with Iranian counterparts for talks in Vienna on Friday.

Ahead of those talks, Iran’s Supreme Leader stated his demands:

1. “The US has rejected the Resolution 2231 [the UN resolution endorsing the Iran nuclear deal]; Europe needs to issue a resolution against the US’s violation of it.”

2. “Europe must promise not to raise the issues of missiles and regional affairs of the Islamic Republic.”

3. “Europe must encounter any sanction against the Islamic Republic and explicitly stand to US’s sanctions.”

4. “Europe must guarantee that Iran’s oil will be completely sold. If the US can damage the sale of our oil, we must be able to sell as much oil as we want. Europeans must guarantee that they compensate for the loss, and that they buy Iran’s oil.”

5. “European banks must guarantee transactions with the Islamic Republic. We have no conflicts with regard to these three countries; but we do not trust them, based on previous experience.”

According to Eurasia Group analyst Henry Rome who spoke to CNBC, Khamenei’s demands should not be taken as the final position, because he is known to have changed his mind in the past.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment
  • Esther Haman on May 24 2018 said:
    Ayatollah is repeating what JCPOA had already established. If what was stated in that agreement is not going to come true, then why does not everyone pull a Trump and call it quit?!

    We saw today the end result of what the three stooges, Bolton, Pompino and Comrade Trump had setup with N. Korea, IT IS OVER BABY, NO TLAKY AND NO DEAL. SO, we are going to invade N. Korea on top of Invading Iran. All three of them should get a Nobel pisss prize.
  • Kr55 on May 24 2018 said:
    Hard for countries to guarantee this. The refiners buy and use the oil, and any refiner with financial ties to the USA is at risk with sanctions. Can't blame any company for wanting to avoid that fight.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News