Oil prices climb, driven by Iran sanctions
Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November. […]
Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November. […]
Oil prices rose on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions deter buyers, but gains were limited by evidence of a rise in […]
President Trump’s announcement with Mexico on Monday is being taken as an encouraging sign by the U.S. oil and natural gas industry. “We are encouraged that negotiators have reached a […]
Norway’s Equinor sees scope to further reduce development costs at the Johan Sverdrup oilfield in the North Sea, as it looks to maximise the potential of what could be the […]
ConocoPhillips said on Monday that it had reached a settlement with Venezuela’s state-owned oil firm PDVSA to recover the full $2-billion amount that an international court awarded it earlier this […]
An initial round of sanctions against Tehran was reimposed Monday, administration officials said, as has been expected since President Donald Trump withdrew the US from the Iran nuclear deal in […]
The oil market is set to tighten further before the end of this year – a sign that OPEC’s early response to boost supply may not be enough to offset […]
U.S. crude oil production is growing, but at a slower pace than predicted. American oil production in May actually inched down from April by 0.3 percent, according to EIA’s Monthly […]