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A U.S. withdrawal from the Iran nuclear accord could lead to 1 million barrels off the market.
Read More »OPEC Oil Capacity ‘Buffer’ to Offsetting Iran Sanctions
IAEA`s Nuclear Inspections Chief Resigns
US President Donald Trump earlier this week announced that the United States would withdraw from the Joint Comprehensive Plan of Action (JCPOA).
Read More »Iran Oil Sanctions could Advance China`s `Petro-Yuan`
U.S. exit from Iran deal puts pressure on European planemakers.
Read More »OPEC in No Hurry to Decide if Extra Oil Needed to Offset Iran
Oil ministers from OPEC and its partners meet on June 22-23 in Vienna to review the existing agreement.
Read More »Saudi Arabia. Other Producers to Ensure Market Stability amid Iran Sanctions
The US decision sent oil futures surging Wednesday as traders digested the likely consequences.
Read More »India may not Cut Oil Imports from Iran
Experts believe that the US move would bring uncertainty to prices.
Read More »Leaving Iran Deal has a Long Term Implication on Oil Price
Former Shell Oil President John Hofmeister said leaving the Iran nuclear deal carries long-term implications on the price of oil.
Read More »US Exit from Iran Deal may Affect Korea`s Oil Imports
Experts say the fresh U.S. sanctions could affect Korean companies seeking to do business and invest in infrastructure and development projects in Iran.
Read More »Dollar Firms vs Yen as Oil Surges on Iran Uncertainty
Pressured by the dollar’s broad strength. the Aussie has slid despite an upbeat budget from the country’s government.
Read More »As Trump Pulls Out of Iran Deal. Asia Mulls Impact on Oil Supplies
During the last round of sanctions. Iran'.s oil supplies fell by around 1 million barrels per day (bpd).
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