Oil Rebounds as Iran Worries Seen as Overdone
Oil markets gained on Tuesday, rallying as investors concluded that concern over new crude supplies from Iran had been overdone. On Monday, Brent fell to its lowest level in 12 Continue Reading
Ample storage space for oil may limit price moves
There is more storage space for crude around the world than anticipated, which will help prevent further sharp falls in the price but also weigh against significant price rises, analysts Continue Reading
IEA says oil market to remain oversupplied until late 2016
Oil tankers sit anchored off the Fos-Lavera oil hub near Marseille, France, October 15, 2015. Picture taken on October 15, 2015. Unseasonably warm weather and rising supply will keep the Continue Reading
Drowning In Oil? IEA Revises Demand Lower, Supply Higher
The International Energy Agency’s recasting of oil supply and demand point to volatility, inexact science of commodities. Developing countries’ growth is at its lowest rate in more than a decade. Continue Reading
IEA warns oil market could ‘drown in oversupply’
The oil market “could drown in oversupply” as a rise in Iranian output offsets production cuts elsewhere, threatening a further price collapse, the world’s leading energy forecaster has said. In Continue Reading
How Iran Could Quickly Send Oil Prices Even Lower
Iran torpedoed oil prices over the weekend. The question is whether the market can turn around in time to avoid serious damage. Already hovering below the psychologically significant $30-a-barrel level Continue Reading
Oil price leverage failed, Iran says
Iranian President Hassan Rouhnai said efforts to sideline his country from the global economy through lower crude oil prices have failed. File photo by Maryam Rahmanian/UPI TEHRAN, Jan. 19 (UPI) Continue Reading
Analysis: Iranian crude oil set to head to the Med, boosting competition
The lifting of sanctions on Iran is likely to see Europe — and especially the Mediterranean — emerge as the primary destination for additional Iranian crude oil shipments, at least Continue Reading
Iran’s petroleum production expected to increase as sanctions are lifted
Implementation day for the Joint Comprehensive Plan of Action (JCPOA) , an agreement among Iran, the P5+1 (the five permanent members of the United Nations Security Council and Germany), and Continue Reading
Iran boosts oil output, foreign firms keen to seal deals
Iran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions, and some foreign firms raced to snap up deals as Continue Reading