Saudi Arabia is ready to offset any supply shortage but it will not act alone to fill the gap.
Read More »Russia Ready for Consultations with Ukraine on Gas Transit
Moscow is not against keeping a certain amount of transit through Ukraine.
Read More »India may not Cut Oil Imports from Iran
Experts believe that the US move would bring uncertainty to prices.
Read More »Iran. Germany Sign Petrochemical Cooperation Pact
The document was signed on the sidelines of the 23rd International Oil. Gas. Refining and Petrochemical Exhibition in Tehran.
Read More »Oil could Breach $80 Due to Trump’s Iran Sanctions
Iran is one of the world’s largest oil producing countries.
Read More »Fall in U.S. Crude Supplies for the First Time in 3 Weeks
EIA reported Wednesday that crude supplies fell by 2.2 million barrels for the week ended May 4.
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).
Read More »Oil Tops $70 as Supply Optimism Overshadows Iran Deal
Ahead of official numbers. API data shows sizable declines in US crude inventories.
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