The oil price rebound that has buoyed many embattled crude producers may not last. Ed Morse, managing director and global head of commodities research at Wall Street bank Citigroup Inc. Continue Reading
It’s summer. It’s hot. We all want to go on vacation. But for those of us who watch the oil market, there’s a nagging feeling that we won’t get to Continue Reading
Retail gasoline prices in the United States are showing signs of a steady decrease, but remain vulnerable to geopolitical tensions, analysts said. Motor club AAA reported a national average retail Continue Reading
The higher oil prices and the subsequent higher oil revenues play a part in a significantly improved outlook for the state finances and trade balances of the Arab Gulf countries, Continue Reading
Oil prices could spike as high as $200 per barrel over the next 18 months, which would cause an “economic crash of horrible proportions,” according to a new report. A Continue Reading
The American Petroleum Institute (API) reported a crude oil draw of 3.16 million barrels of United States crude oil inventories for the week ending July 21, compared to analyst expectations Continue Reading
U.S. President Donald Trump on Tuesday kept open the possibility of negotiating an agreement to denuclearize Iran, two days after he rattled his saber at the nation on Twitter. “We’ll Continue Reading
Just over a year ago, hundreds of thousands of Iranians poured on to the streets of cities across the Islamic republic to celebrate Hassan Rouhani’s landslide victory in an election Continue Reading
Anytime Iran and the United States trade threats, global oil markets snap to attention. The reason is the narrow stretch of water at the mouth of the Persian Gulf. President Continue Reading
European efforts to protect businesses investing in Iran from US sanctions risk leaving executives with the tough choice of whether to obey EU or American rules. The EU is finalising Continue Reading
