-
Saudi Arabia will not boost oil export this month, official says
Jul 20, 2018 01:45Saudi Arabia's governor to the Organization of the Petroleum Exporting Countries (OPEC) says the kingdom’s oil export will be little changed this month, dealing a setback to US President Donald Trump who had pinned hopes on Saudis to reduce oil prices in global markets.
-
Trade tariff war with US pushing Chinese oil buyers to Iran
Jul 17, 2018 01:11Indications are growing that Chinese companies are scrapping plans to purchase oil from the United States and are instead turning to Iran for imports in what appears to be a result of escalating trade tariff war between Beijing and Washington.
-
US budges in Iran oil sanctions drive, says waivers possible
Jul 17, 2018 00:48The United States has made a surprise revelation that could suggest its campaign to bring down Iran’s oil exports to zero is based on ‘miscalculations’ – as Iran had earlier warned.
-
Oil prices keep rising as US sanctions on Iran loom
Jul 04, 2018 10:43Looming sanctions on Iran coupled with reports of tightening US fuel inventories continue to drive oil prices higher, with Brent crude futures trading over $78.10 per barrel on Wednesday.
-
Riyadh says ready to balance market with surplus oil
Jul 04, 2018 00:59Saudi Arabia says it is ready to use its surplus two million barrels of oil production capacity to even out the global market.
-
Iran plans private-sector oil sales to thwart US sanction: First VP
Jul 01, 2018 12:24Iran's first vice president says the country is considering oil exports by the private sector in a bid to thwart forthcoming US sanctions, which mostly aim to curtail the Islamic Republic's revenues by blocking its crude oil exports.
-
Iran sanctions expected to push oil prices to $90
Jun 29, 2018 14:50Experts say disruption to crude oil supplies from Iran as a result of US sanctions may push oil prices to as high as $90 a barrel.
-
Iran, Saudi oil ministers meet to avert showdown
Jun 22, 2018 07:00Minister of Petroleum of the Islamic Republic of Iran Bijan Zangeneh and Saudi counterpart Khalid al-Falih have held talks in Vienna just before the OPEC group met to decide on policy, the Shana news service reported.
-
Iran to provide $7bn for oil projects internally
Jun 17, 2018 12:30Iran says a plan is on agenda to attract funds from domestic resources to maintain production at the country’s key oil fields.
-
India’s Nayara Energy to cut Iran oil imports
Jun 11, 2018 14:02India’s Nayara Energy – one of the country’s biggest buyers of crude oil from Iran – has unveiled a plan for a major reduction in oil imports from Iran in the wake of returning US sanctions against the Islamic Republic.