Oil

The global oversupply and competition from US Shale are persistently challenging the oil cartel'.s plans.

There are a few reasons to be skeptical that the momentum will carry crude prices higher than current levels.

China may indeed join the ranks of countries banning fossil fuel vehicles.

Experts see another reason for Beijing'.s objection to harsher sanctions.

Tribal fighting near oilfields sites is definitely affecting the energy operations and sending a negative message to foreign oil firms.

There are still not enough signs of investment beginning to return. and that raises the risk of tightening of the market in the next five years and a risk to the stability of oil prices.

South Korea. one of Iran'.s major Asian clients. mainly purchases an ultra-light oil. also known as condensate. from Iran.

Smuggling is causing major headaches right now with regard to the fresh round of sanctions the UN imposed on North Korea.

Azar holds 2.5 billion barrels of crude oil and is one of the joint fields with Iraq.

Iran is ready for any measure contributing to stability in the oil market.