A trade war is not good for the U.S. oil and gas sector.
Read More »World Sees Little Extra Oil if OPEC. Partners Stick to Deal
Iran had demanded OPEC reject calls from U.S. President Donald Trump for an increase in oil supply.
Read More »India to Go Back to Payment in Rupees
India imports around 10% of its crude oil requirement from Iran.
Read More »John Bolton Heading to Russia to Discuss Potential Trump-Putin Meeting
On June 10. the Russian president confirmed he was ready to meet with Trump as soon as Washington was ready for the summit.
Read More »Oil Rose to $74.84 per Barrel as OPEC Agrees to Increase Output
OPEC and its allies have since last year been participating in a pact to cut output by 1.8 million bpd.
Read More »Dollar in 11-Month Peak. as Oil Slides Ahead of OPEC
Saudi Arabia is trying to convince fellow OPEC members to pump more oil.
Read More »OPEC Reaches a Deal to Hike Output
Saudi'.s Falih suggested negotiations will take place between countries with spare capacity to increase production and those unable to do so.
Read More »OPEC Struggles to Ease Oil Supply Cuts
Real increase would be smaller than the nominal gain of 1 million bpd. meaning a compromise with Iran remained possible.
Read More »Oil Tariff Quarrel Is Short-Term Gain. Long-Term Pain
U.S. President Donald Trump has called on OPEC to raise production to cool down oil prices.
Read More »Oil Min: OPEC should Stick to Its Production Limits
Zanganeh said that Iran would try to maintain its export levels in the face of US sanctions.
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