Crude oil futures retraced losses in mid-morning trade in Asia Wednesday following a sharp overnight decline, though the near-term outlook remains volatile. Receive daily email alerts, subscriber notes & personalize Continue Reading
Oil prices climbed for the first time in three days on Wednesday, rising around 1 percent ahead of the start of U.S. sanctions against Iran next week and as stock Continue Reading
Global economic momentum is decelerating, according to a broad range of financial and real-economy indicators, which is weighing on worldwide equity markets and oil prices. The depth and duration of Continue Reading
Crude oil prices have gone up high enough to begin hurting demand for the commodity, the chief of the International Energy Agency, Fatih Birol, said as quoted by Reuters on Continue Reading
The recent drop in oil prices by around $10/b is a welcome change and gives breathing room to oil consumers, but the market is not out of the woods yet Continue Reading
The International Maritime Organization (IMO) has so far resisted pressure to soften or postpone the implementation of new regulations requiring ships to use bunker fuels with a lower sulfur content Continue Reading
With a week to go until U.S. sanctions on Iran’s oil snap back, it’s not only Iranian crude exports that the United States looks to cut. Iran’s neighbor Iraq currently Continue Reading
Libya has restarted the eastern al-Bayda oilfield, a field engineer said late on Tuesday, the latest operation in the so-called Oil Crescent region to resume work after heavy fighting in Continue Reading
The deadline for implementation of U.S. sanctions on Iran is just days away, and the Trump administration is having second thoughts about how hard to press the Islamic Republic. More Continue Reading
Charles de Gaulle once said: “no nation has friends, only interests.” Cooperation between Russia and Iran has been increasing over the years. The countries are drifting towards each other due Continue Reading
