Energy trader Vitol will stop doing business with Iran after the United States re-imposes sanctions on Tehran’s oil trade from Nov. 4, a senior company executive said on Tuesday. “Business Continue Reading
With U.S. sanctions on Iran’s oil exports just six weeks away, at least ten Iranian oil supertankers have gone dark, not having broadcast any signal for at least a week, Continue Reading
Oil truck drivers in Iran have started a new strike demanding improved working conditions, and the industrial action has resulted in large lines forming at gasoline stations in Iran, The Continue Reading
U.S. President Donald Trump should stop interfering in the Middle East if he wants the price of oil to stop rising, Iranian Oil Minister Bijan Zanganeh was quoted as saying Continue Reading
If there was any hope of an early resolution to the reanimated dispute between the United States and Iran, it was extinguished by the testy exchanges between the countries’ leaders Continue Reading
At the UN General Assembly on Tuesday, U.S. President Donald Trump was laughed at by global leaders when he boasted about his accomplishments. He may feel insulted by the reception Continue Reading
Saudi Aramco has signed a long-term deal with Zhejiang Rongsheng to supply crude oil to the Chinese company’s new refinery in eastern China, a source with knowledge of the matter Continue Reading
OPEC and allies snubbed calls from U.S. President Donald Trump to lower oil prices, saying on Sunday that they are satisfied with the “overall healthy balance between supply and demand.” Continue Reading
Highlights Crude output 1.28 million b/d, a five-year high Aims to produce above 2 million b/d by 2022 Algiers — Libya’s crude oil production has hit a five-year high, bringing Continue Reading
Highlights Kingdom claims 1.5 mil b/d spare capacity Using it limits response to further outages May draw from inventories instead London — Saudi Arabia has tried to dispel any fears Continue Reading
