Tag Archives: Oil Market

Oil turns higher as dollar moves. looming decision on Iran sanctions tug at market.

Concerns rise that US exit from nuclear deal with Tehran will result in sanctions on Iranian oil and reduced exports.

Iran’s total export of crude oil and gas condensate is now more than 2.5 million barrels a day.

Indian oil imports will grow more and more driven by transportation. petrochemicals and other sectors.

Global benchmark Brent crude oil futures were trading at $70.78 a barrel at 0342 GMT.

There is currently insufficient data on oil inventories in JODI’s databases.

Rising U.S. production and exports comes at a time when other oil producers are ramping up their own activity.

Russia has been a ``great partner`` in the cuts agreement.

OPEC’s Secretary General has been a strong advocate of advancing dialogue and cooperation among producers and consumers.

The Chinese plans to pay in yuan for oil are at early stages.