U.S. attempts to drive Iranian oil exports down to zero come against the backdrop of a global market that is sufficiently well supplied to avoid price disruptions, senior U.S. officials Continue Reading
Oil prices took a breather mid-week after the U.S. saw a larger than expected increase in crude inventories. The market is still heading in a bullish direction, but the path Continue Reading
South Texas gas hubs could be facing upside price risk during the approaching summer months as rising export demand from Mexico and LNG feedgas keep the region’s supply under pressure. Continue Reading
Crude oil futures slipped in mid-morning trade in Asia Wednesday after the International Energy Agency said the global oil markets are “adequately supplied” and US crude inventories climbed. At 10:32 Continue Reading
Oil prices fell on Wednesday after a report allayed concerns about tightening supply, ending a rally that took prices to their highest since early November on concerns that OPEC output Continue Reading
Energy accounts for 12 percent of the value of all U.S. exports to Mexico, and 5 percent of all U.S. imports from Mexico last year. – Historically, Mexico has exported Continue Reading
A week before the U.S. announced it was ending sanction waivers for all Iranian oil customers, U.S. President Donald Trump had a phone call with Libya’s eastern strongman Khalifa Haftar Continue Reading
Crude oil futures rose in mid-morning trade in Asia Tuesday amid heightened concerns over supply uncertainties after the US announced that it would not extend waivers to Iranian sanctions after Continue Reading
World oil prices jumped to near 6-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher and boosting currencies of several major Continue Reading
Last April, Iran exported about 2.5 million barrels of oil per day (mbpd) before President Donald Trump decided to withdraw from the nuclear deal with Tehran. Sanctions were then placed Continue Reading
