Iran could moderate oil output and exports once Western sanctions are lifted to avoid putting prices under further pressure, a senior Iranian oil official said on Tuesday. Iranian officials have Continue Reading
An abundant supply of crude oil means U.S. motorists could continue to enjoy the economic benefits of lower retail gasoline prices, market analysis find. Motor club AAA reports a national Continue Reading
Islamic State fighters attacked two oil terminals in eastern Libya, setting on fire a large storage tank at one of the facilities, Libyan oil officials said on Monday. The attacks Continue Reading
China has more than doubled its first round oil product export quotas to 20.93 million mt from a year ago to 27 refineries in 2016, industry sources told Platts Tuesday. Continue Reading
This is a guest post by Ciaran Nolan Disclaimer The opinions and views expressed in this presentation are solely those of the author and not necessarily those of any organisation. Continue Reading
In any assessment of the oil price crash, it is worth remembering Shakespeare’s aphorism: “What’s past is prologue”. In 2015, it appeared that the salient features of the US oil Continue Reading
Iran’s proposed increase in oil production would enter the market gradually after sanctions end and won’t pressure prices, the Iranian Oil Ministry’s Shana news agency said on Saturday. Iran has Continue Reading
Saudi Arabia cut ties with Iran on Sunday, responding to the storming of its embassy in Tehran in an escalating row between the rival Middle East powers over Riyadh’s execution Continue Reading
When Iraq’s prime minister holds a meeting on Monday to discuss the monumental task of rebuilding the recently liberated city of Ramadi , officials will encounter a grim pattern: Each Continue Reading
The diplomatic rift between Saudi Arabia and Iran could complicate OPEC’s efforts to calm oil markets if Iran begins exporting up to one million barrels a day of extra crude Continue Reading
