Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out. About 93 million […]
Russia and Iran are have begun talks to create an OPEC-like cartel for natural gas which would allow them to coordinate an “extraordinary” level of reserve output, giving them tremendous control over the tightness of […]
The EU has submitted a proposal to revive the Iranian nuclear deal at the Vienna talks which would immediately lift sanctions on over 160 Iranian entities if Tehran immediately began scaling back its nuclear activities. […]
An Iranian-flagged tanker is reloading oil that was confiscated by the United States earlier this year after Greek authorities approved the release of the cargo, sources familiar with the matter said on Friday. The case […]
Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production capacity dwindles, the new head of OPEC said. Fears over slowing consumption in China and […]
Besides Iran itself, European refiners are among those with most at stake in the negotiations to revive the 2015 Iran nuclear deal and lift US sanctions on Iranian oil exports. The negotiations hang in the […]
There are several reasons to be short crude oil currently – economic recession in the U.S. and looming recessions in Europe, ongoing lockdowns in China, the vested interest of the U.S. in keeping oil below US$75 per barrel of […]
Iran and Russia face significant challenges in their attempt to jointly develop offshore Iranian gas fields as sanctions against the two countries are likely to pose supply problems, according to Rystad Energy’s research. Rystad Energy […]
Crude market players are zeroing in on Iran’s ability to increase oil exports, driven by whisperings of progress in talks to revive the 2015 nuclear agreement. Leaders in Tehran and Washington are scrutinizing the text […]
Biden went to Saudi Arabia to beg for oil, came away empty-handed, and ironically slammed the United States energy markets the very next day. Tuesday morning Amos Hochstien said in an interview on CNN the […]
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