Saudi Arabia lifted output by 70.000 bpd to 10.42 MMbpd last month.
Read More »U.S. not Able to Bring Iran`s Oil Export to Zero
The US is attempting to bring Iran’s oil sales to zero by imposing banking and transportation restrictions.
Read More »Iran Starts Storing Oil in Supertankers
Buyers who defy the US sanctions risk having their banks frozen out of the American financial system.
Read More »Oil Reached USD 80. the Highest since May This Year
Oil traders are looking at the evolution of the category 4 Hurricane Florence. which is expected to make landfall in the USA coast by Friday.
Read More »Iraq Replaces Saudi as Top Oil Supplier to India in August
Despite the lower purchases. Iran remained the third biggest oil supplier to India in August.
Read More »Iran`s Oil Revenues Jump 60% in March-July
Iran’s key customers in Asia—no.1 China and no.2 India—are not expected to cut off their imports of Iranian oil.
Read More »Fragile Oil Market Due to Geopolitics
Russia could raise output by 300.000 bpd.
Read More »Libyan Attack Triggers Rally in Oil Stocks
Libyan crude has been seen as an additional alternative to Iranian supplies.
Read More »OPEC to Enforce 1m bpd Oil Output Increase This Week
OPEC and non-OPEC technical committee will discuss proposals for distributing the additional oil-output amongst members.
Read More »Rick Perry to Meet Russian. Saudi Counterparts Ahead of Iran Sanctions
Perry will be the most senior U.S. official to visit Russia since Trump met Russian President Vladimir Putin in Helsinki in July.
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