The Europe is reliant on oil imports for 98 percent of demand.
Read More »Markets are Tighten on Iran-US Tensions
Iran is also awaiting European guarantees on the sale of Iranian oil and banking relations.
Read More »Oil to See Monthly Gain due to Escalating Supply Risks
U.S. prices have been supported by a drop in crude inventories.
Read More »Libyan and Iraqi Production Back Oil Output in 2018
The biggest increase in supplies this month has come from Libya. whose output remains volatile due to unrest.
Read More »US Argues that Iran Sanctions are Legal
Tensions between the U.S. and Iran spiked earlier this year when President Trump pulled the U.S. out of the 2015 Iran nuclear pact.
Read More »Iran Is still Committed to Nuclear Deal
The International Atomic Energy Agency said Iran has not exceeded uranium enrichment limits.
Read More »Iran Is still Committed to Nuclear Deal
The International Atomic Energy Agency said Iran has not exceeded uranium enrichment limits.
Read More »U.S. Energy Companies Angry about Rejected Steel Tariff Exemptions
The Trump administration recently said it would double tariffs on steel from Turkey.
Read More »Trump`s New NAFTA Deal
Both the Mexicans and the Americans have been eager to reach a fully revised deal by the end of August.
Read More »India will not Completely Halt Iranian Oil Import
Trump has threatened that anyone trading with Iran will not do business with America.
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