Iran has successfully improved its relationship with China over the past several years. They are trading oil for goods and services. This has helped them get around the U.S.-led sanctions and also helped China buying […]
International monitors are watching Iran’s fast-expanding nuclear program with growing alarm, as Tehran refuses to extend an expired inspections pact and insists the experts must trust that it’s accurately documenting uranium-enrichment activities. Iran claims it’s […]
TEHRAN: Iran’s sole nuclear power plant is back online following an emergency shutdown two weeks ago, state TV reported Saturday. The report quoted Mostafa Rajabi Mashahdi, spokesperson for the country’s energy ministry, as saying the Bushehr plant “returned to production […]
The threat of worldwide inflation fear, increased demand, the lower demand are all the reasons for the increased rally for oil prices. Just in the last year, we have seen Iranian attacks on oil tankers […]
While thousands of retail investors crowd the bitcoin space, many are missing out on some substantial gains from oil, investment celebrity Richard Bernstein has warned, as quoted by CNBC. “Bitcoin has been in a bear market, and […]
Iran, currently negotiating with global powers for its return to the mainstream global economic scene, could offer India access to its port of Jask as a base for strategic oil reserves and a standalone gas pipeline to […]
Energy News Beat Publishers Note (ENB): The failed nuclear deal will not impact oil prices as Iran has been selling outside of the OPEC + production quotas to China. The world’s commodity pricing model has […]
OPEC+ stuck to its plan to hike oil output in July, but Saudi Arabia’s energy minister kept the market guessing as to whether the group will add more supply later this year to keep pace […]
Energy News Beat Publishers Note (ENB): What does this mean to the price of oil, absolutely nothing. The Iran oil machine is pushing out as much as it can sell or store abroad. The OPEC […]
(Bloomberg) –OPEC+ appears in control of crude prices as U.S. production is lagging pre-pandemic levels, according to a senior executive at the world’s biggest independent oil trader, Vitol Group. The decline in U.S. drilling and […]
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