There may be some oil ‘wiggle room’ on Iran
Though as much as 1 million barrels per day could be limited with the U.S. pullout of the Iranian deal, there could be some wiggle room, analysis found. White House Continue Reading
U.S. Raises Pressure on Iran With Sanctions on Currency Exchange
The U.S. took a step toward cutting Iran off from the global economy on Thursday, levying sanctions on a financing network and accusing the country’s central bank of helping funnel Continue Reading
Buyers Seek US Waivers to Buy Iranian Oil Amid New Sanctions
South Korea said on Wednesday it would seek U.S. exemptions to buy Iranian oil, a path many big oil consumers are likely to follow in the wake of new U.S. Continue Reading
U.S. diplomats face tough task imposing new Iran oil curbs
By restoring sanctions against Iran, U.S. President Donald Trump has tasked a little-known State Department office with convincing companies and governments worldwide to cut imports of Iranian crude – even Continue Reading
How Much Iranian Oil Can Trump Disrupt?
Trump did not offer any new justification for how Iran was violating the nuclear accord – the IAEA confirmed on May 9 that Iran is in compliance with its nuclear Continue Reading
Iran Upbeat About Oil Exports Despite Sanction Threat
Iran is confident that its oil exports will not be disrupted by the re-imposition of sanctions after the United States vowed to withdraw from the Nuclear Deal, according to Iranian Continue Reading
Analysis: US expected to take hard line on Iran oil import cuts
The Trump administration will likely grant Iranian crude buyers less leeway from sanctions that snap back in November than the Obama administration granted in 2012-15, but an oil price spike Continue Reading
Riyadh offers oil assurances after U.S. walkout on JCPOA
With the United States reneging on the Iranian nuclear deal, Saudi Arabia is committed to ensuring oil market stability, its energy ministry said. “I do not believe that continuing to Continue Reading
Iraq’s oil sector faces delays and reshuffle after elections
Iraqis go to the polls Saturday in a general election which could reshape its oil ministry and delay output expansion projects in OPEC’s second-largest member. With no political bloc expected Continue Reading
IEA: Return Of Iran Sanctions Could Impact Oil Market Balance
The restoration of sanctions on Iran—the world’s fifth-largest oil exporter—may have implications for the market balance, the International Energy Agency (IEA) said in a statement on Wednesday, adding that it Continue Reading