India doesn’t acknowledge unilateral sanctions, so the nation is unlikely to adjust to the US demand to halt oil imports from Iran, in line with India’s high oil official. Learn Extra at mysouth.su ...

Turkey won't heed the State Division’s name on US allies to cease importing Iranian crude oil by November four, when the newest sanctions will kick in. Learn Extra at mysouth.su ...

US oil benchmark West Texas Intermediate (WTI) has reached its highest value since 2014 above $ 73 per barrel. Crude costs surged after america Division of Vitality introduced a listing draw. Learn Extra at ...

An OPEC+ ministerial committee is recommending contributors to spice up each day crude manufacturing by 1 million barrels. Learn Extra at mysouth.su

Beijing’s retaliatory measures towards US tariffs can embody penalties on oil coming to China from America. A lower in Chinese language purchases of US oil might profit Iran’s gross sales. Learn Extra at mysouth.su ...

Iran’s crude oil exports hit 2.7 million bpd in Could, greater than its common volumes over the previous 12 months, whereas the US withdrew final month from the Iran nuclear deal and re-imposed sanctions that might ...

Costs for crude could skyrocket to $ 100 per barrel as quickly as subsequent 12 months as main provide dangers in Iran and Venezuela are prone to pressure world power markets, say analysts at Financial ...

China’s Sinopec will reduce its June imports of crude from Saudi Arabia by 40 p.c for the second month in a row due to unjustified excessive costs, an official from the highest Asian refiner, Unipec, instructed ...

A Libya crude oil pipeline, belonging to the al-Waha oil firm and working to Sidra port, was attacked and set on hearth by an unknown “terrorist group,” inflicting the lack of as much as 100,000 barrels ...

US President Donald Trump has accused the Group of the Petroleum Exporting Nations (OPEC) of propping up oil costs, which have reached their highest stage in over three years. Learn Extra at mysouth.su ...