Sanchi oil spill covers 4 square miles and is still burning Authorities collecting data from spill area to assess impact The oil tanker on fire after a collision on Jan. Continue Reading
Iraqi Oil Minister Jabar al-Luaibi said on Saturday that the OPEC member’s oil output capacity is near reaching 5 million barrels per day, but the country will remain in full Continue Reading
The Trump administration extended sanctions relief under the landmark 2015 Iran nuclear agreement, keeping the deal intact for at least another several months, but said it would issue no more Continue Reading
WASHINGTON — President Trump again stopped short of reimposing punitive sanctions on Iran that could break up its nuclear deal with world powers, the White House said on Friday. But Continue Reading
Waivers of U.S. sanctions targeting oil exports up for renewal Trump’s scorn for Iran nuclear deal damping energy investment World oil markets are about to get a clearer idea of Continue Reading
Jitters ahead of President Trump’s decision on oil-related sanctions for Iran and high global demand pushed oil prices ever close to $70 per barrel on Thursday. Crude oil prices are Continue Reading
Gas prices might get to $3 per gallon and the current rally in oil prices will kick into overdrive if Trump denies a waiver on Iranian sanctions, experts said. U.S. Continue Reading
Oil prices hit a fresh three-year high on Thursday ahead of a U.S. decision on whether to extend temporary waivers on sanctions against Iran . Light, sweet crude for February Continue Reading
Saudi Arabia has shortlisted New York, London, and Hong Kong for the initial public offering of its oil giant Aramco, with the three exchanges considered either singly or a combination Continue Reading
U.S. President Donald Trump will extend sanctions relief granted to Iran under its 2015 nuclear deal with the United States and other world powers, leaving the accord intact for now, Continue Reading
