Major Crude Buyer Increasing US Purchases
After South Korea became the first of Iran’s major oil customers to reduce imports to zero under American pressure, the nation’s biggest refiner is seeking alternative supplies to fill the Continue Reading
Saudi Arabia in short-term oil fix, fears extra U.S. supply next year
Saudi Arabia will quietly add extra oil to the market over the next couple of months to offset a drop in Iranian production but is worried it might need to Continue Reading
Trump takes hard line on Iran, fueling SPR oil sale speculation
Highlights Administration working to ensure ‘well-supplied’ oil market SPR release may address OPEC supply concerns, elections worries Sources believe SPR action may be unprecedented Washington — US President Donald Trump Continue Reading
Vitol to halt business with Iran after U.S. sanctions start: executive
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
Has Iran Started To Switch Off Oil Tanker Tracking Systems?
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
Fuel Supplies Tight As Oil Truck Drivers Go On Strike In Iran
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
Iran says Trump should stop interfering in Middle East if he wants cheap oil
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
Column: Looming loss of Iranian crude is latest in a long line of disruptions
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
How The EU Is Helping Iran Skirt Sanctions
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 signs crude oil supply term deal with China’s Rongsheng: source
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