Zangeneh: Oil price balance tied to global economic recovery
SHANA — Iran’s Minister of Petroleum Bijan Zangeneh said on Saturday that balance would be back to the oil market once the…
Tag Archives: global oil prices
Iran will fare better than others after oil price drop, says Rouhani
Reuters – Iran will not suffer as much as other countries from the oil price drop because it is less reliant than…
Oil market hit by 8-magnitude quake: Analysts
SHANA – Look at these remarks made by heads of states in the aftermath of sinking oil prices and demand destruction caused…
Bolton out, Iran in? Oil orices think so there’s a good reason oil prices tanked
Oil Price – There’s a good reason oil prices tanked on Tuesday (temporarily) and then continued to do so on Wednesday. Bolton…
Oil prices sink after Trump fires Bolton
MNA – Oil prices fell swiftly on Tuesday after US President Donald Trump fired Iran hawk John Bolton as national security adviser.…
US after increasing oil price to $200: lawmaker
MNA – An Iranian lawmaker believes that the United States is trying to sow insecurity in the Persian Gulf region to increase…
Oil climbs on Iran tensions, US inventory decline
Reuters – Oil prices edged higher on Thursday supported by rising tensions between the West and Iran and a big decline in…
Oil prices will stay ‘relatively benign’ despite escalating Iran tensions, Morgan Stanley says
CNBC | Sam Meredith: Morgan Stanley does not expect rising tensions in the world’s most important oil chokepoint to lead to a…
Oil falls as Iran tensions seen easing
Reuters – Oil prices turned lower on Tuesday, falling more than 3% after U.S. President Donald Trump said progress has been made…
Oil prices rise on Iran tensions, OPEC output cuts
Reuters – Oil futures rose on Friday as tensions over Iran and an extension to output cuts by OPEC and its allies…
Oil prices climb as US-Iran tensions mount
Reuters – Oil prices rose on Monday to extend gains from last week, bolstered as tensions remain high between Iran and the…
Oil prices jump 3% after official says Iran shot down a US drone
CNBC – Oil prices climbed around 3% on Thursday amid escalating tensions in the Middle East as a U.S. official said one…
Oil prices jump following suspected attacks on two oil tankers in Sea of Oman
Press TV – Crude oil futures have jumped on Thursday following reports of explosions targeting two oil tankers in the Sea of…
Iran warns any clash in the Persian Gulf would push oil prices above $100
Reuters – U.S. military vessels in the Gulf are within range of Iranian missiles, a top military aide to Iran’s Supreme Leader…
Tehran stocks fall as refinery selloffs pile pressure
Financial Tribune – Tehran Stock Exchange began trading week in negative territory amid volatile global markets and selloff pressure in refinery stocks…
Soaring oil prices cast shadow on US ahead of Opec meeting
The Guardian | Patrick Wintour: In November 2018, Donald Trump tweeted: “Oil prices getting lower … a tax cut for America and…
Oil prices rise over 1% on drone attack on Saudi Aramco facilities
Reuters – Oil prices rose over 1% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement…
Oil jumps after Saudi Arabia says tankers targeted near UAE
Press TV – Oil futures rise on increasing concerns about supply disruptions in the Middle East after Saudi Arabia says two of its…
Trump’s dangerous oil price game
Oilprice | Nick Cunningham: Trump’s trade war may have depressed oil prices at the start of the week, but the U.S.’ decision…
Oil rises as US sends carrier to Middle East
The Wall Street Journal | Dan Molinski: Oil prices ended higher Monday on geopolitical worries after the U.S. said it was sending…
Oil falls on swelling US stockpiles, but global markets tense
Reuters – Oil prices fell on Wednesday after a report showed a rise in U.S. crude inventories, but global markets remained tense…
Oil prices stumble as hedge funds become overextended: Kemp
Reuters | John Kemp: Hedge fund managers added even more bullish long positions in crude oil and refined fuels last week, but…
US sanctions on Iran, Venezuela set up crunch for heavier oil
Reuters | Noah Browning, Julia Payne: Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing…
Asian markets lower, oil rises on Iran worries
Rockland Register – Asian stock markets were lower while oil prices surged for a second day after reports Washington would like to…
Oil prices hit highest level since November as US to tighten Iran sanctions
The Algemeiner – Oil prices hit their highest level since November on Tuesday after Washington announced all waivers on imports of sanctions-hit…
Oil prices rise on lower US stocks, OPEC+ supply cuts
Reuters – Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its…
Oil edges above $71 as supply risks back in focus
Reuters – Oil edged above $71 a barrel on Tuesday, supported by falling Venezuelan and Iranian exports and fighting in Libya that…
Oil pulled two ways by economic slowdown, OPEC-led supply cuts
Reuters – Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption, but supported by…
Trump decision on Iran waivers to impact oil prices
Gulf News | Fareed Rahman and Senior Reporter: Oil prices are expected to rise by at least $5 per barrel if the US…
Oil-price worries to Trump pressure on Iran
The Wall Street Journal | Biman Mukherji: About 60 days from the expiration of oil-export sanctions involving Iran, Fitch Solutions thinks “Trump…
Oil prices in 2019 may hinge on Iran-US showdown
The Wall Street Journal | Russell Gold: The number of electric vehicles is growing. Consumer discomfort with plastic bottles is rising. Diplomats…
‘No reason’ Iran sanctions will lead to higher oil prices: US’ Hook
S&P Global Platts – Thanks to booming US output, as well as increased supplies from Saudi Arabia, Russia and other major producers,…
Tehran stocks retreat to 3-month low
Financial Tribune – Iran’s main stock market closed at a three-month low Wednesday amid a bearish global market and weak oil prices.…
Petro market rattled in 7th straight week of drops, OPEC to move meeting up
Sputnik – As global oil markets hit their seventh straight week of price drops, OPEC members scheduled to meet in Vienna on…
Saudi Arabia reassures on oil supply, says will meet demand
Reuters – Saudi Arabia said on Tuesday it would continue to meet customer demand for crude despite looming U.S. sanctions that are…
Oil drops to around $83 on expectations Iran will maintain some exports
Reuters – Oil dropped to around $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep flowing…
Oil jumps after U.S. abandons Iran deal, plans ‘highest level’ sanctions
Reuters – Oil prices rose more than 2 percent on Wednesday, with Brent hitting a 3-1/2-year high, after U.S. President Donald Trump…
Iran not advocating high oil prices: Zanganeh
Tasnim– Iranian Oil Minister Bijan Namdar Zanganeh said in the current situation, the Islamic Republic is not advocating high prices for oil.…
Oil prices reach highest since November 2014 on Venezuela, Iran worries
Reuters – U.S. oil prices rose above $70 a barrel on Monday for the first time since November 2014 while Brent crude…
Crude nears $70 with traders on edge ahead of Iran deal decision
Bloomberg– Oil futures in New York zeroed in on $70 a barrel as traders brace for a re-imposition of U.S. sanctions on…