Is $90 Oil Possible? An Interview With Jay Park
As the asymmetric war between Iran and the U.S. continues to escalate, threatening oil supply across the Middle East, oil markets appear to be entirely ignoring the conflict. As oil Continue Reading
Rapidly Rising Product Inventories Are An Obstacle For Oil
U.S. West Texas Intermediate crude oil futures are edging higher on Friday, grinding out a small gain for a third session out of four. Despite what looks like to be Continue Reading
Iran’s budget crisis to deepen as oil exports shrink: US State’s Hook
Iran’s economy could contract by as much as 14% this year as US sanctions strangle its oil exports and cut revenues by $50 billion, US State Department Iran envoy Brian Continue Reading
Erdogan calls on Europe to support Turkey’s moves in Libya: Politico
Turkish President Tayyip Erdogan has called on Europe to support its work in Libya, where it is providing military support to the internationally-recognized government if it wants to end the Continue Reading
Oil exports from eastern and central Libyan oil ports to be shut: NOC source
Oil exports from eastern and central Libyan oil ports will be shut from Saturday resulting in the loss of 700,000 barrels a day, a source at state oil firm NOC Continue Reading
Libyan eastern forces says closing oil ports ‘huge step’ by the people
The closing of Libya’s oil ports is “a huge step” by the Libyan people, the spokesman of Libyan forces loyal to eastern-based commander Khalifa Haftar said on Friday. Spokesman Ahmed Continue Reading
Iran’s Khamenei stands by Guards after unrest over downed plane
Iran’s supreme leader threw his support behind the elite Revolutionary Guards in a rare sermon on Friday after their belated admission that they had accidentally downed an airliner triggered days Continue Reading
France Helps Saudi Arabia Protect Oil Facilities From New Attacks
France has deployed a radar system on Saudi Arabia’s eastern coast that faces the Persian Gulf to help the Kingdom protect its vital oil infrastructure, which was hit by attacks Continue Reading
Iraqi security forces kill one protester, wound 25: sources
Iraqi security forces killed at least one protester and wounded 25 others on Friday when they launched tear gas canisters to break up a crowd trying to breach Baghdad’s Sinak Continue Reading
Explainer: How close is Iran to producing a nuclear bomb?
The central achievement of the Iran nuclear deal – keeping Tehran at arm’s length from nuclear weapons – is eroding. The 2015 accord’s many restrictions on Iran’s atomic activities were Continue Reading