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OPEC and Russia and other producers last month agreed to add 1 million barrels to the market.
Read More »Merrill Lunch: If US Eliminate Iranian Oil Export. it could Spike to $120
Iran`s Oil Minister Hits Back at Trump over Production Demands
Trump’s order to OPEC members to increase production destabilizes the market.
Read More »EU Tries to Save Iran Nuclear Deal
Iranian officials have said that key for them is to ensure measures that guarantee oil exports do not halt.
Read More »South Korea Sends Delegation to Iran ahead Resumption of US Sanctions
Government working to negotiate with Trump administration to maintain relations with Iran.
Read More »Iran Says Trump`s Tweets have Added $10 to Oil Prices
Trump was trying to intensify tensions between Iran and Saudi Arabia.
Read More »US Determined to Cut Iran Oil Exports to Zero
The US ultimatum has also contributed to upward pressure on world oil prices.
Read More »US Oil Surge $75 after Iran Threatened will Block Middle East Shipments
Iranian President Hassan Rouhani said: ``It has no meaning for Iranian oil not to be exported. while the region’s oil is exported"..
Read More »Oil prices Rise as U.S. Supply Tightens. Iran Sanctions Loom
Iran has warned it would not accept other producers reaping the benefits by taking its market share.
Read More »Algeria Warns Saudi Arabia. Russia against Increasing Oil Output
Moscow and Riyadh recently announced their desire to pump more oil after a relative hike in prices.
Read More »Oil-Importing Nations Need a Cartel to Counter OPEC
The U.S. is unlikely to join with China and India. though it should.
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