Oil prices rebound after further slump
Production
Oil prices rebounded today (Wednesday) as benchmark Brent crude futures rose to US$56.49 per barrel after dropping 5.6 per cent
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Oil price volatility remains as Opec output cut looms
Production
Oil prices have risen today (Thursday), buoyed by a drawdown in US crude stockpiles and indications that China is beginning
Opec to address oil price slump
Production
The price of oil fell below US$60 a barrel amid fears of global oversupply. Brent crude, the benchmark, was trading 5
Expect volatile oil prices: IEA chief
Industry
Oil prices are entering an “unprecedented period of uncertainty”, warned the boss of the International Energy Agency (IEA) as Brent
EU struggles to bypass Iran sanctions
Policy
European Union hopes of setting up a bartering system with Iran to dodge US sanctions appear to have run aground.
Opec calls for supply cuts
Production
The oil market looks poised to swing into oversupply next year as growing global crude output exceeds uncertain demand, says
US sanctions taking toll on Iran: scholars
Industry
This week’s oil and gas sanctions on Iran are bringing extra domestic pressure on the Islamist regime, say regional observers.
EU ramps up anti-Trump action
Policy
The European Union said work “has accelerated” on a special purpose vehicle (SPV) to help avoid Donald Trump’s sanctions on
Oil prices fall amid Iran sanctions waivers
Policy
Oil prices fell today (Tuesday) as US sanctions exemptions allow Iran’s biggest customers to keep supplies flowing amid an economic
Oil price falls as US, Russia and Saudi output soars
Production
Oil prices have fallen as record crude production by the world’s three largest producers offset supply worries about US sanctions
Iran sanctions threaten dollar: EU sources
Production
European Union diplomats are warning that US financial sanctions targeting Iran’s oil and gas exports could force the world to
Oil traders braced for hurricane and Iran sanctions
Production
Oil prices fell this week after the International Monetary Fund (IMF) lowered next year’s global growth forecasts but rates were
US grants Iran waiver for North Sea deal
Industry
Serica Energy says the US has granted a conditional licence, removing restrictions on a North Sea field because of Iranian
Iran starts to dodge monitors
Policy
Brent oil is near its highest price since November 2014 as markets braced for tighter supply once US sanctions against
Oil price forecast to exceed $100
Production
A global supply surplus sent Brent crude oil falling from US$114 a barrel in June 2014 to less than US$30