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A spokesman of the Afghan ministry of oil and gas rejected media reports claiming that the country has stopped crude imports from Iran.
Read More »Afghanistan Continues Oil Imports from Iran
Foreign Ministry Tasked with Oil Talks with Europe
Iranian Oil Minister Bijan Namdar Zanganeh said that the Supreme National Security Council (SNSC) has tasked the Foreign Ministry with holding talks with European countries on Tehran’s oil exports to the bloc.
Read More »Oil Prices Drop Three Percent to $70
U.S. crude inventories swelled by 4.7 million barrels in the latest week to their highest since July 2017.
Read More »Trade Tensions and Stockpiling Continue to Hurt Oil Prices
Brent is set for its biggest weekly fall in six months and WTI in 15 weeks.
Read More »OPEC+ Considers Oil Production Increase in the Second Half of 2019
Oil prices have rose by more than 30 percent this year.
Read More »Oil Surges after OPEC Indicates It will Maintain Output Cuts
Producers are capable of filling any market gap and that relaxing supply cuts is not the right decision.
Read More »Oil Gains with OPEC Signaling Output Cut Extension
Tensions in the Middle East continue to risk secure supply of oil from the region to the global market.
Read More »OPEC Mulls Two Scenarios to Adjust Oil Production
OPEC and its partners agreed in December to output cuts of 1.2 million barrels a day.
Read More »Saudi Arabia will Boost India Crude Shipment amid Iran Crisis
India is Iran’s second largest oil customer after China.
Read More »Oil Stocks still Building. but OPEC will Act If Needed
OPEC will not decide on output until late June when the group is due to meet.
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