IEA Chief: High Oil Prices Could Harm Producers In The Long Term
Oil prices higher than the current levels may not be good news for major oil producers in the medium and long term, as consumers will seek alternatives to refined oil Continue Reading
Citing geopolitical risk, U.S. raises oil price forecast
A forecast for a $7 per barrel increase in the average price for oil this year was made before the U.S. left the Iranian nuclear deal, the government said. In Continue Reading
Bank Of America: Oil Prices Could Hit $100 Next Year
Strong global oil demand growth, quickly falling inventories, and geopolitical issues from Iran to Venezuela could push oil prices to as high as $100 a barrel in 2019, Bank of Continue Reading
Oil Markets Tremble On Iran, Israel Flare-Up
Brent crude briefly jumped above US$77 a barrel today after a flare-up of tensions in the Middle East and an exchange of strikes between Iranian forces in Syria and the Continue Reading
U.S. sanctions Iran currency network after Trump pulls out of nuclear deal
The U.S. Treasury imposed sanctions on Thursday against six individuals and three companies it said had funneled millions of dollars to the Iranian Revolutionary Guard’s elite Qods Force, just days Continue Reading
Iran says U.S. exit from nuclear deal will not have any impact on its oil
Iranian Oil Minister Bijan Zanganeh said on Thursday that U.S. President Donald Trump’s decision to quit a multinational nuclear deal would not affect Tehran’s oil exports. “Trump’s decision will not Continue Reading
There may be some oil ‘wiggle room’ on Iran
Though as much as 1 million barrels per day could be limited with the U.S. pullout of the Iranian deal, there could be some wiggle room, analysis found. White House Continue Reading
U.S. Raises Pressure on Iran With Sanctions on Currency Exchange
The U.S. took a step toward cutting Iran off from the global economy on Thursday, levying sanctions on a financing network and accusing the country’s central bank of helping funnel Continue Reading
Buyers Seek US Waivers to Buy Iranian Oil Amid New Sanctions
South Korea said on Wednesday it would seek U.S. exemptions to buy Iranian oil, a path many big oil consumers are likely to follow in the wake of new U.S. Continue Reading
U.S. diplomats face tough task imposing new Iran oil curbs
By restoring sanctions against Iran, U.S. President Donald Trump has tasked a little-known State Department office with convincing companies and governments worldwide to cut imports of Iranian crude – even Continue Reading