Both crude price benchmarks had already gained more than 2 percent in the previous session.
Read More »OPEC Expects Higher Supply Growth in 2019
Global economic growth prospects for 2019 are slightly lower than for 2018.
Read More »Sanctions are Surprise Boon to Iran`s Steel Exports
Iran has so far exported 6 million tonnes of steel in this Iranian year.
Read More »2019. A Record Breaking Year For LNG
Political factors are one of the reasons that Novatek’s Arctic-2 LNG project in Russia has a high chance of succeeding.
Read More »Iran’s FM to Travel to India to Deepen Ties
Senior executives from state and private entrepreneurship companies will accompany FM Zarif on this three-day visit.
Read More »OPEC Strategy still a Winner for Members
Given oil’s plummet at the end of last year. OPEC’s strategy to stabilize the market might look a bust.
Read More »Oil Rises amid U.S-China Trade Talks. Supply Cuts
OPEC oil supply fell in December by 460.000 barrels per day (bpd).
Read More »Goldman Cuts Oil Price Forecasts for 2019
A surge in OPEC production in late 2018 means the market started this year better supplied than the last.
Read More »Oil. LNG Trade at Risk as US-China Talks Resuming Monday
China hit US LNG with a 10% tariff in September and threatened to increase it to 25%.
Read More »EU Lacks Power to Counter US Pressures
The second batch of US sanctions against the Islamic Republic took effect on November 4.
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