After the last round of sanctions were announced in 2011. Saudi Arabia boosted its production.
Read More »Arab Economies. Winners of U.S. Exit of Iran Deal
The U.S. move threatens Iran with lower export income and less access to hard currency.
Read More »U.S. Oil Rises above $70 for First Time since November 2014
U.S. output will likely rise further this year. towards or past Russia'.s 11 million bpd. as its energy firms keep drilling for more.
Read More »Oil Market Strengthen as Trump Threatens Iran Deal Exit
Iran appears to be ramping up its oil exports ahead of the likely sanctions.
Read More »Total Risks Losing Gas Field Stake to CNPC If It Quits Iran
Total has spent $90 million to help develop the offshore field and won’t be compensated before production begins.
Read More »Oil Min: Iran Prefers `Reasonable` Oil Price
Reasonable oil prices would ``encourage producers to keep supply while it would prevent global markets from plunging into instability.
Read More »U.S. Stocks Jump 1 Percent Led by Tech Gains. Oil Prices Rise
The U.S. dollar leaped to its highest levels this year against a basket of currencies despite disappointing U.S. employment data for April.
Read More »Iran Oil Exports Hit Record in April
Iran'.s oil exports to India were over 50% higher than that of last fiscal year.
Read More »Qatar Takes a 19 Percent Stake in Rosneft
Rosneft was hit hard by U.S. sanctions on Russia over Moscow’s annexation of Crimea and incursion in east Ukraine.
Read More »Oil Market is Awaiting Trump Decision on Iran’s Nuclear Program due May 12
Oil turns higher as dollar moves. looming decision on Iran sanctions tug at market.
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