The decision by OPEC+ to continue shielding the global oil market by curtailing its output, even with generous self-imposed cuts like Saudi Arabia’s 1 million barrels per day “gift”, has helped WTI crude prices exceed […]
Iran has been waiting since former U.S. President, Donald Trump, unilaterally pulled his country out of the Joint Comprehensive Plan of Action (JCPOA) in May 2018 and then re-imposed sanctions on Iran, for him to […]
(Bloomberg) –Oil in New York climbed to a new 10-month high as the dollar declined, increasing the appeal of commodities priced in the currency. Futures rose 1.5% to above $53 a barrel, to the highest […]
Saudi Arabia’s Red Sea crude terminals have taken on critical importance since tensions with Iran have threatened the key Gulf shipping lane through the Strait of Hormuz over the past few years. Serving those ports […]
ANKARA, Turkey (AP) — Turkey and Greece will resume talks aimed at reducing tensions between the neighbors on Jan. 25, Turkish and Greek officials announced Monday, following this summer’s dispute over maritime borders and energy […]
Iran’s oil revenues have halved since the U.S. imposed sanctions on the Islamic Republic in 2018, Turkish news agency Anadolu reported, citing an Instagram post of the governor of the Iranian Central Bank, Abdolnaser Hemmati. According […]
Stocks fall to begin the week amid some pullback in valuations (yes I laughed when I wrote this). Tesla shares were off by 5.8%. Bitcoin, which has been a symbol of speculation in the financial […]
Iran said it remains some way off resolving a diplomatic dispute with South Korea, which moved up a notch after the seizure of a South Korean-flagged chemical tanker by the Islamic Revolutionary Guards (IRGC) navy […]
London — OPEC and its allies raised their crude oil production by 280,000 b/d in December to a seven-month high, as Libya pumped its most since mid-2013 and several other countries posted modest increases, the latest […]
Sources privy to the development said a conductive global energy market where oil and gas prices are stable had given fresh push for building strategic gas reserves in the country. An announcement in this regard […]
Copyright © 2025 | Sandstone Group