Iran and six major powers signed the nuclear agreement in July 2015 and started implementing it in January 2016.
Read More »Oil Steady on Iran Sanction Worries. Surging U.S. Supplies
U.S. crude inventories rose by 3.4 million barrels to 432.575 million in the week to March 27.
Read More »Oil Heads for Monthly Gain on Iran Risks and as OPEC Clears Glut
Concerns rise that US exit from nuclear deal with Tehran will result in sanctions on Iranian oil and reduced exports.
Read More »Oil Prices Climb after Netanyahu Announcement
Data showed U.S. personal income rose just 0.3 percent in March. compared with expectations of 0.4 percent.
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 »Schlumberger Approved to Buy Into Russia’s Eurasia Drilling
Russia’s special commission on Foreign Investment approved Schlumberger to buy a stake of 25% to 49% in Eurasia Drilling.
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 »Another OPEC Member Suffering from Sharp Decline
While plunging output in Venezuela captures the oil world’s attention. problems are quietly festering in another OPEC nation.
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.
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