US crude oil above $70 on Venezuela and Iran worries
US crude oil prices have pushed above $70 a barrel for the first time in over three years as concerns have grown over supplies from Iran and Venezuela. West Texas Continue Reading
Oil surges on Venezuela-Conoco dispute, Iran sanction worries
Oil prices rose for the fourth straight day on Monday to hit levels not seen since late 2014, boosted by the latest trouble for Venezuelan oil company PDVSA and the Continue Reading
Why Oil Prices Are Likely To Go Higher
WTI just hit $70 per barrel for the first time since late 2014. Prices continue to edge higher, pushed along by strong demand and falling inventories. But it is the Continue Reading
Iran oil min says Tehran prefers ‘reasonable’ oil price
Iranian Oil Minister Bijan Zangeneh said on Sunday that Tehran preferred a “reasonable” crude oil price to avoid market instability, the ministry’s news agency Shana reported. Zangeneh said that reasonable Continue Reading
Iran prepares to export new oil grade amid sanctions threat: sources
Iran is readying the first commercial exports of its West Karoun crude oil grade for May or June, two sources familiar with the matter said, even as fresh economic sanctions Continue Reading
Iraq, BP sign Kirkuk oilfield development contract, official says
Iraq’s state-run North Oil Company signed an agreement with BP on Monday to triple output from the Kirkuk fields in the north of the country, Oil Minister Jabar al-Luaibi said. Continue Reading
Iran says new sanctions would not stifle its oil industry
The Iranian oil industry will continue to develop even if the United States pulls out of the 2015 nuclear deal, and Tehran would see the accord as operational as long Continue Reading
Iranian-led panel said human error led to sinking of oil tanker
The Chinese vessel that hit an Iranian oil tanker in January failed to respond to concerns about its course, an Iranian-led investigation found. The Iranian oil tanker Sanchi was carrying Continue Reading
Iran Resists U.S. Demands Before Trump’s Decision on Nuclear Pact
Iran’s president said his country would fiercely resist efforts to contain its regional influence as President Donald Trump weighs withdrawing from the nuclear deal , a scenario that threatens to Continue Reading
Can The Saudi Exchange Survive The Aramco Listing?
Last week the chief executive of Saudi Arabia’s stock exchange Tadawul tried to reassure potential investors in Aramco that the bourse will cap the weight of the oil company in Continue Reading