Indian buyers reduced US crude purchases and loaded up on Iranian oil ahead of the restart of US sanctions next month and as the WTI-Brent differential narrowed, according to traders and shipping intelligence firm Kpler.
News ID: 2377 Publish Date : 2018/10/06
Qatar's energy minister has defended OPEC's oil market strategy, saying a deal between the oil producing group and non-OPEC producers is not aimed at manipulating oil prices.
News ID: 2376 Publish Date : 2018/10/06
Oil prices are likely to climb continuously into next year, as concerns over drops in supply from the likes of Iran and Venezuela outweigh any worry that global trade disputes could undermine demand, a Reuter's poll showed on Friday.
News ID: 2295 Publish Date : 2018/09/29
US President Donald Trump's tweeting habits are lifting oil prices, and he should stop posting on social media to alleviate the spike in prices, according to an Iranian official.
News ID: 2248 Publish Date : 2018/09/24
Average prices of Iranian crude oil have soared by around $12 per barrel in 2017 from the previous year, the Oil Ministry said, reflecting an upward trajectory in global prices of the energy commodity.
News ID: 1655 Publish Date : 2017/12/11
Oil prices fell on Wednesday after a surprise rise in US inventories of refined products in what the market interpreted as a sign of flagging demand.
News ID: 1628 Publish Date : 2017/12/11
A stronger than anticipated OPEC-led commitment to extend production cuts will support prices through 2018, according to analysts at Goldman Sachs.
News ID: 1627 Publish Date : 2017/12/11
Iran's crude oil traded above $53 a barrel in the week to April 14, reflecting the global confidence in a pact between OPEC and non-OPEC producers to slash supplies to boost flagging oil prices.
News ID: 1128 Publish Date : 2017/04/24
Oil prices fell on Wednesday on expectations that US producers would boost output.
News ID: 884 Publish Date : 2017/01/20
Oil prices slipped on Monday, pressured by doubts that large oil producers will reduce production as promised and on expectations that US production would increase again this year.
News ID: 876 Publish Date : 2017/01/17
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