Reuters - Irans oil minister said on Monday it was difficult to forecast crude prices amid uncertainties over prospects for demand, Iranian state radio reported.
No one can predict crude prices and now the demand is vague, Bijan Zanganeh told state radio.
Zanganeh also said Turkey had not welcomed Irans offer to repair a natural gas pipeline ...
RT - Neither Washington nor Tehran are looking for war, and Trump ordering the US Navy to destroy "harassing Iranian vessels was likely an attempt to flex his muscles and send a signal to the oil markets, analysts have told RT.
We have to distinguish between declarations and reality on the ground, where nobody wants a conflict as it would be a disaster ...
The Wall Street Journal | David Hodari and Caitlin Ostroff: The recent fall in the value of oil has reverberated across energy markets, hitting the value of oil companies
Crude prices rose Wednesday, pausing a weekslong crash after President Trump warned Iran that he has instructed the U.S. Navy to destroy Iranian gunboats if they continue to harass ...
AP - OPEC, Russia and other oil-producing nations on Sunday finalised an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said.
"This could be the largest reduction in production from OPEC for perhaps a decade, maybe ...
The Wall Street Journal | Chong Koh Ping and Chitra Somayaji: U.S. stock futures slid Monday amid thin trading volumes, while oil prices faltered as a multinational agreement to cut crude production failed to assuage concerns that global oil markets will stabilize as the coronavirus pandemic erodes energy demand.
Futures linked to the S&P 500 ...
SHANA -- Iranian Minister of Petroleum Bijan Zangeneh discussed the latest oil market developments and price fluctuations with Mohamed Arkab, Algerian Minister of Energy and Mines and the President of OPEC Conference on Tuesday afternoon. He also had a telephone conversation with his Russian and Kuwaiti counterparts on Monday.
In a Tuesday tweet,...
Reuters - Iran does not agree with holding any OPEC+ meeting in the absence of a clear proposal and expected outcome from such talks for the oil market, its oil minister said in a letter to OPEC and seen by Reuters.
The vague circumstances around which the upcoming OPEC and non-OPEC ministerial (meeting) is being organised is of grave concern to ...
Newsweek | Tom O'Connor: Iran appeared set to face its fourth looming crisis as global oil prices crash, further threatening the country's economic outlook as it simultaneously tackled U.S. sanctions, a deadly coronavirus epidemic and occasional outbreaks of political unrest.
Oil markets continued their dramatic plunge Monday, dropping more than ...
SHANA Iranian Minister of Petroleum Bijan Zangeneh says that coronavirus is to blame for recent price fluctuations in the oil market.
Speaking to reporters following a meeting with a number of university presidents on Monday, Mr. Zangeneh said, Outbreak of coronavirus is the main reason for the recent fluctuations [in the market], as it has shut ...
The Wall Street Journal - Oil prices tick higher as Saudi Arabia mulls drastic, temporary cuts to production to bolster crude prices, which have tumbled in response to the spread of coronavirus.
OPEC and its allies are debating whether to cut output by 500,000 barrels a day, WSJ reports.
The cartel will decide on whether to hold a ministerial ...
CNBC - Oil prices surged 3% on Friday following confirmation by the Pentagon that Irans top commander was killed in a U.S. airstrike in Baghdad, raising concerns of a bigger conflict between the two countries that could disrupt energy production in the region.
The U.S. military took the decisive defensive action to protect U.S. personnel abroad ...
Financial Tribune - Oil prices weakened on Monday after new tariffs imposed by the United States and China came into force, raising concerns about a further hit to global growth and demand for crude.
Brent crude slipped 22 cents, or 0.4%, to $59.03 a barrel, while U.S. oil was down 2 cents at $55.083 at barrel, CNBC reported.
The United States ...
Reuters - Oil initially rose more than 1% on Thursday after Iran said it had seized a foreign tanker in the Gulf, but prices gradually lost their gains as it emerged that the vessel had only a small cargo and was detained on Sunday for fuel smuggling.
Prices steadied by 1330 GMT with Brent crude LCOc1 futures up 1 cent at $63.67 a barrel, after ...
Reuters - Oil prices rose on Tuesday, supported by tighter global supplies that helped offset lingering worries that demand could be hurt by a U.S.-Chinese trade row.
Brent crude rose 19 cents or 0.3% to $70.30 a barrel by 0930 GMT, while U.S. West Texas Intermediate (WTI) was up 50 cents or 0.9% to $59.13 per barrel.
U.S. crude futures were ...
RT - As tensions between Iran and the US continue to escalate, analysts have begun to consider the likelihood and consequences of an Iran war.
There has been much talk of an Iran War in recent weeks, but the likelihood of a war, whether intentional or accidental, is relatively small for the simple reason that the leaders of Iran and the US dont ...
Bloomberg - Oil rose after Saudi Arabia and other OPEC+ members signaled their intention to keep supplies constrained, while U.S. President Donald Trump ratcheted up tensions with Iran.
Futures in New York jumped as much as 1.7%, before paring some of those gains. Saudi Energy Minister Khalid Al-Falih urged members of OPEC+ gathered in Jeddah to ...
CNBC - Oil prices stabilized on Wednesday as markets remained relatively tight amid U.S. sanctions on crude exporters Iran and Venezuela.
U.S. West Texas Intermediate (WTI) crude futures were at $61.56 per barrel at 0057 GMT on Wednesday, 17 cents, or 0.3 percent, above their last settlement.
Brent crude oil futures were at $69.94 per barrel,...
Reuters - Oil prices fell on Wednesday after a report allayed concerns about tightening supply, ending a rally that took prices to their highest since early November on concerns that OPEC output cuts and sanctions would take too much oil out of the market.
The International Energy Agency (IEA), a watchdog for oil consuming countries, said in a statement ...
Tehran Times - The upward trend of the oil prices in the market hit a stop point on Tuesday when the International Monetary Fund (IMF), once again, poured cold water on the hopes of oil traders who were getting optimistic about global demand this year.
Oil prices rallied to their near six-month highs over the past three weeks pushed by a series ...
Reuters - Oil prices rose on Wednesday, pushed up by ongoing supply cuts from producer group OPEC and by U.S. sanctions against Iran and Venezuela.
International Brent crude oil futures were at $66.95 a barrel at 0751 GMT, up 28 cents, or 0.4 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures were at $57.23 per barrel,...
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