OPEC and its allies have a deal to limit supply until March 2020.
Read More »Putin`s Budget Has Lowest Break-Even Oil Price in Over a Decade
The darker side of the Putin’s fiscal cautious has been sputtering economic growth.
Read More »Europe Should Order Iran`s Oil
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that the Europeans should show their seriousness about implementation of the Instrument in Support of Trade Exchanges (INSTEX) by ordering Iran'.s crude.
Read More »Australia will Join U.S.-Led Defense Effort in Strait of Hormuz
Australia is a staunch ally of the United States. which in recent months has called on its partners to do more to defend global security.
Read More »Oil Prices Gain on Crude Inventories Data
Trump said he will ``take China on`` even if it causes short-term impact on the US economy.
Read More »Gibraltar Rejects US Demand to Detain Iranian Oil Tanker
Gibraltar authorities rejected on Sunday a renewed US request not to release the Iranian oil tanker Grace 1. just three days after the Supreme Court ruled in favour of releasing the vessel seized weeks ago.
Read More »China`s CNPC Suspends Venezuelan Oil Loading
CNPC will wait for more guidelines from the U.S. Treasury before further moves in dealing with Venezuelan oil.
Read More »Iran’s UK Envoy Confirms Released Oil Tanker Heading for International Waters
Iran'.s ambassador to the UK has confirmed reports that the Iranian oil tanker '.Grace 1.'. has been moving towards international waters.
Read More »Iran Planning 3rd Step to Reduce Nuclear Commitments
The third step is being planned commensurate with the actions of the other side.
Read More »U.S. Sanctions Drive Russia to Boost Oil Exports
U.S. sanctions are definitely changing production and price patterns in heavy crude and so is U.S. production.
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