The U.S.’s international financial clout means EU efforts to get around sanctions are doomed to fail.
Read More »Iran Starts Storing Oil in Supertankers
Buyers who defy the US sanctions risk having their banks frozen out of the American financial system.
Read More »Libyan Attack Triggers Rally in Oil Stocks
Libyan crude has been seen as an additional alternative to Iranian supplies.
Read More »OPEC to Enforce 1m bpd Oil Output Increase This Week
OPEC and non-OPEC technical committee will discuss proposals for distributing the additional oil-output amongst members.
Read More »Rick Perry to Meet Russian. Saudi Counterparts Ahead of Iran Sanctions
Perry will be the most senior U.S. official to visit Russia since Trump met Russian President Vladimir Putin in Helsinki in July.
Read More »US Could not Reduce Iran’s Oil Exports to ‘Zero’
Europe. Russia and China are now working with Iran to map out a potential course without the US.
Read More »Oil Price Rise as Production Stopped
With US rig activity stalling and Iran sanctions looming. the oil market outlook is tightening.
Read More »OPEC. Allies to Discuss Oil Output Increase Sharing
OPEC. Russia and other non-members agreed in June to return to 100 per cent compliance with oil output cuts that began in January 2017.
Read More »Oil Market `Expects` OPEC to Extend Partnership with Other Producers
OPEC'.s next regular meeting is December 3. with non-OPEC partners scheduled to join the talks December 4.
Read More »Oil Prices Decline on Emerging Market Woes. but Looming Iran Sanctions Support
U.S. crude stockpiles fell last week as refineries boosted output amid strong consumption.
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