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U.S. crude inventories rose by 3.4 million barrels to 432.575 million in the week to March 27.
Read More »Oil Steady on Iran Sanction Worries. Surging U.S. Supplies
Cyber Attacks on US’s Energy Sector ‘Scary’
In 2012. Saudi Aramco production was locked down during the disk-wiping Shamoon incursion.
Read More »Rising U.S. Rig Count Knocks Oil
U.S. President Donald Trump has until May 12 to decide whether to restore the sanctions on Iran that were lifted after an agreement over its disputed nuclear programme.
Read More »Decline of US Natural Gas Storage
Some natural gas storage operators have reported net withdrawals from base gas. beginning with the week ending 6 April 2018.
Read More »Angela Merkel Meets with Trump in Latest European Attempt to Preserve Iran Nuclear Agreement
Ms Merkel is the second European leader to visit the White House this week.
Read More »Oil Prices Decrease. but Concerns Persist over Iran Supplies
Surging U.S. production. which rose to 10.59 million bpd last week. has encouraged record-high U.S. exports.
Read More »Oil Prices Rise on Iran Sanctions Worries
Trump will decide by May 12 whether to restore the sanctions. which would probably result in a reduction of Iranian oil exports.
Read More »Trump threat to Ditch Iran Deal Is Scaring off Oil Traders
Iran’s current exports are more than twice what they were before energy sanctions were eased in January 2016.
Read More »Oil Hits $75 a barrel as Trump Labels Iran Nuclear Deal `Insane`
A rise in geopolitical tensions has been the main driver of prices in recent times.
Read More »Macron. Trump Call for New Nuclear Deal with Iran
For months. American and European officials have been working behind the scenes to try to find a compromise over Trump'.s demands to change the agreement.
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