Iranian vice president Eshaq Jahangiri acknowledged on Tuesday that U.S. sanctions would hurt the economy but promised to “sell as much oil as we can” and protect its banking system. Continue Reading
Iranian threats to block the flow of oil through the Strait of Hormuz, a global chokepoint, haven’t been manifested yet, an international affairs expert said. Facing a November deadline on Continue Reading
We will then look at some of the key market movers early this week before providing you with the latest analysis of the top news events taking place in the Continue Reading
OPEC is doing its best to offset supply disruptions around the world, but it has no intention of “overdoing it”, Bloomberg reports , citing the cartel’s president, UAE’s energy minister Continue Reading
President Donald Trump’s aversion towards Iran’s rulers has been obvious since his announcement for running for the office of US president. His confrontational policy has culminated in the unilateral withdrawal Continue Reading
Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set Continue Reading
For much of his presidency, Hassan Rouhani has been at loggerheads with Iran’s military and conservative establishment, as he forged diplomatic ties with the West to break his country’s international Continue Reading
When back in September 2016 the Libyan National Army retook control over the export terminals in the country’s Oil Crescent from the Petroleum Facilities Guard and handed it over to Continue Reading
Libya has lifted as of Wednesday its force majeure on the Ras-Lanuf, Es sider, Marsa, El Hariga and Zueitina oil terminals, National Oil Corporation Chairman Mustafa Sanalla said in a Continue Reading
Islamic State militants recaptured on Monday two oil fields in the oil-rich Deir Ezzor region in Syria, a Turkey-based Syrian news agency reported on Tuesday. According to Qasioun news, the Continue Reading
