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Trump’s administration is pushing allies to cut imports of Iranian oil to zero.
Read More »Some OPEC Members Act in Accordance with U.S. Policy
Oil will Remain At Current Prices In 2018
Fifteen of the 25 analysts polled by International Business Times expect Iran’s sanctions to drive oil prices up.
Read More »Oil Trades Near $68 on Bigger-Than-Forecast US Inventory Draw
The Trump administration will offer 11 million barrels of crude from its reserves.
Read More »Iraq`s Southern Oil Exports Head for Record High in August
Southern Iraqi exports in the first 19 days of August averaged 3.7 million barrels per day.
Read More »US to Offer 11 Million Barrels of Oil as Sanctions on Iran Crude Starts
Timing may reflect the White House’s concern over a tight oil market.
Read More »Europe should Act as U.S. Threats to Reimpose Oil Sanctions
The second round of embargo will be reimposed in early November with the aim of curtailing Iran'.s oil exports and shipping sectors.
Read More »Brent Oil Stabilizes near $72 as Economic Concerns Weigh
Iran told OPEC on Sunday no member country should be allowed to take over another member'.s share of oil exports.
Read More »Gulf Exporters Benefit as Battle for Asia Market Share Heats Up
A tariff war between China and the US may damage global trade but could benefit Gulf oil exports.
Read More »Iran Looking for Options on Oil Sales amid US Sanctions
President Trump earlier this year announced the U.S. is re-imposing sanctions on Iran that will include Iranian oil sales.
Read More »No OPEC Member can Take over Iran`s Share of Oil Exports
Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries after Saudi Arabia and Iraq.
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