Press TV - President Donald Trump says he has authorized the release of the US' "strategic petroleum reserve" in a bid to control the global oil prices, which are already hiking after 10 Yemeni drones attacked Saudi Aramco facilities. "Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil ...

Oil held gains after a fourth weekly increase as skepticism among U.S. lawmakers over a nuclear deal with Iran signaled a recovery in the OPEC producers crude exports may be delayed. Futures were little changed in New York after rising 5.1 percent last week. President Barack Obama is dispatching three cabinet members to brief lawmakers as a Senate ...

[caption id="attachment_91881" align="alignright" width="180"] Saudi King Abdullah bin Abdulaziz (L) attending a conference with his entourage. (Photo: AFP)[/caption] Oil rose after the death ofKing AbdullahofSaudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries. Futures rallied as much as 3.1 percent inNew Yorkand ...

Oil prices have increased in Asia one day after US President Barack Obama pledged to expand its bombing campaign against ISIL terrorists and launch airstrikes against the Takfiri cult in Syria. On Thursday, US benchmark West Texas Intermediate (WTI) for October delivery gained 16 cents to USD 91.83, while Brent crude for October rose14 cents to USD ...

[caption id="attachment_34705" align="alignright" width="180"] This file photo shows installations at Lavan Oil Refinery.[/caption] LONDON, Nov 26 (Reuters) - Oil edged above $111 a barrel on Tuesday as investors judged the historic deal betweenIranand world powers would bring no immediate increase in crude oil supplies from the OPEC member. The ...

LONDON, Sept 25 (Reuters) - Oil prices climbed above $109 a barrel on Wednesday as expectations faded that new talks over Iran's nuclear programme would bring a rapid thaw in relations with the United States. The West's standoff withIranover its nuclear ambitions has helped support oil prices for nearly a decade. Years of sanctions have cut Iranian ...