Reuters - Iran will not suffer as much as other countries from the oil price drop because it is less reliant than others on crude exports, President Hassan Rouhani said on Wednesday. Oil prices slumped again on Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse in demand for ...

Reuters | Lesley Wroughton,Humeyra Pamuk: The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehrans oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch. The Trump administration on Monday said it will not renew exemptions granted ...

Tasnim Oil rose to around $57 a barrel on Friday after China said it would hold trade talks with the United States and a survey showed Chinas services sector expanded in December, while signs of lower crude supply also lent support. The Organization of the Petroleum Exporting Countries cut crude output in December and the American Petroleum Institute ...

Reuters |Brijesh Pate: Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the United States, and slowing economic growth undermine OPEC-led efforts to shore up the market, a Reuters poll showed on Monday. A survey of 32 economists and analysts forecasts the North Sea Brent crude oil benchmark ...

Reuters | Koustav Samanta: Oil prices rose about 2 percent on the final trading day of the year on Monday, mirroring gains in stock markets, but were on track for the first annual decline in three years amid lingering concerns of a persistent supply glut. Hints of progress on a possible U.S.-China trade deal with U.S. President Donald Trump saying ...

Reuters - Oil prices rose more than 1 percent on Wednesday as markets braced for the imposition of U.S. sanctions on Iran next week and as stock markets clawed back some of their recent losses. Benchmark Brent crude oil LCOc1 was up 80 cents at $76.71 a barrel by 0840 GMT. The contract fell 1.8 percent on Tuesday, at one point touching its lowest ...

Reuters - Brent crude oil prices rose to their highest since November 2014 on Monday ahead of U.S. sanctions against Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), that kick in next month. Benchmark Brent crude oil futures LCOc1 rose to as much as $83.32 a barrel on Wednesday and were at $83.09 ...

Bloomberg | Heesu Leeand Grant Smith: Brent crude is signaling that U.S. sanctions against Irans oil exports are starting to be felt in global markets. Futures for settlement in November -- when the American measures will go into effect -- are trading higher than contracts for later months. That market structure, known as backwardation, is reflecting ...

Reuters - Brent crude oil edged up on Wednesday after a second successive drop in U.S. crude inventories driven by an outage at the Syncrude Canada oil sands facility, which usually supplies the United States. Brent crude futures were up 7 cents at $77.83 a barrel by 0915 GMT, while U.S. crude futures were down 17 cents at $73.97 a barrel. U....

The Guardian - Brent crude has hit $80 per barrel for the first time since November 2014. The news thatTotal is planning to withdaw from its large Iran gas field dealhas pushed prices steadily higher this morning. Bloomberg Markets(@markets) Brent hits $80https://t.co/YwZw4AJFuzpic.twitter.com/46Zh4JUUZQ May 17, 2018 The price of a barrel ...

Bloomberg- Oil futures in New York zeroed in on $70 a barrel as traders brace for a re-imposition of U.S. sanctions on Iran. Prices jumped 1.9 percent on Friday to close at the highest level since November 2014. Even though U.S. President Donald Trump has yet to announce whether hell pull out of the 2015 Iranian nuclear deal as a May 12 deadline ...

BBC- Oil prices hit $75 on Tuesday, the highest level in nearly three and a half years, as fears mounted over the prospect of new US sanctions on Iran. Brent crude jumpedfor the sixth consecutive day, trading as high as $75.27 before falling back slightly. The US will decide by 12 May whether to abandon a nuclear deal with Iran and re-impose sanctions....

Reuters - Oil investors are taking no chances that Irans nuclear deal with Western powers will remain intact next month. Volatility, a measure of options demand, for options that allow the holder to buy Brent futures between $75 and $80 a barrel, has risen this week above 30 percent to its highest since late 2016. Iran pumped nearly 4 percent ...

Bloomberg |Heesu Lee andGrant Smith: Brent crude extended gains as investors assessed geopolitical risks, with speculation that the U.S. president and Saudi Arabias crown prince discussed countering the influence of Middle East producer Iran. Futures rose as much as 1.2 percent to a six-week high, after advancing 2.1 percent on Tuesday. Donald Trump ...

MNA Irans light crude oil price increased by 13 cents in the last week of December at a time when Brent crude experienced a six-cent decline. The prices of Iranian light crude oil rose by 13 cents and reached $63.36 per barrel in the week leading to December 22, while the average price for light crude oil has been $52.20 per barrel since the ...

North Sea crude benchmark Brent are nearing an eight-month high above $51 per barrel on Tuesday propped up by a weaker dollar and falling output in Nigeria. Nigeria's Bonny Light oil production is down by about 170,000 barrels per day (bpd) following attacks on pipelines, according to Reuters. In Nigeria, a group calling itself the Niger Delta ...

Brent oil prices held around $50 a barrel on Friday following an OPEC meeting that failed to agree on output targets, but which was seen as supportive as Saudi Arabia pledged not to flood the market with more fuel. The Organization of the Petroleum Exporting Countries (OPEC) failed to agree to a clear oil-output strategy on Thursday as Iran insisted ...

Brent crude fell to another 12-year low on Thursday as the prospect of more oil supplies from Iran loomed, amid gloom over a world already awash with supply and concerns about global economic growth hitting equity markets.   The global benchmark LCOc1 dropped as far as $29.73, the lowest since February 2004 and down more than 1.5 percent....

TEHRAN Sept. 09 (Shana) -- Some OPEC producers think they have to stick to their production levels even if crude oil is priced at only one dollar per barrel. But, maybe they dont have to go that fast. A glance at oil price fluctuations from August 2014 to August 2015 for Brent crude oil shows that the prices have never kept much long below $48. During ...

Crude oil futures finished lower on 2 April, but witnessed mixed trade for the week, as traders bet that a preliminary deal on Iran's nuclear programme will add to the global supply glut that has hurt oil prices. Brent May contract finished $2.15, or 3.8%, lower at $54.95 a barrel on Thursday (2 April). In a holiday shortened week, the global ...