Traders are also nervously awaiting Trump'.s decision on whether or not to continue with the Iran nuclear deal. which he has in the past derided.
Read More »U.S. Oil Rises above $70 for First Time since November 2014
U.S. output will likely rise further this year. towards or past Russia'.s 11 million bpd. as its energy firms keep drilling for more.
Read More »Oil Market Strengthen as Trump Threatens Iran Deal Exit
Iran appears to be ramping up its oil exports ahead of the likely sanctions.
Read More »Iranian Tanker Disaster Investigation Ends in Split Verdict
The Sanchi was carrying the equivalent of nearly 1 million barrels of ultra-light crude. plus its own fuel. to South Korea.
Read More »Deadly Sanchi Tanker Tragedy Blamed on `Human Error`
Sanchi was carrying 36.000 tonnes (almost one million barrels) of condensate.
Read More »Minister: We are not Advocate of High Oil Prices
Iran has always been seeking reasonable prices for oil which will encourage the producers to produce more oil and therefore stop the global market from destabilization.
Read More »Oil Min: Iran Prefers `Reasonable` Oil Price
Reasonable oil prices would ``encourage producers to keep supply while it would prevent global markets from plunging into instability.
Read More »Oil Hits $70 as Traders Wait for Iran Decision
Despite the price adjustment. sour is still higher on the year.
Read More »World Oil Prices Rise
World oil prices have increased after the trades held on Friday at the leading oil exchanges.
Read More »Iran Oil Exports Hit Record in April
Iran'.s oil exports to India were over 50% higher than that of last fiscal year.
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