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
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Russia busts leaky sanctions
Industry
Despite talk of diplomatic pressure on Russia, European Union leaders continue to visit Russian President Vladimir Putin, foreign direct investment
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
EU’s Iran proposal doomed: traders
Policy
Proposals by the European Union, Russia and China to avoid Donald Trump’s oil and gas sanctions on Iran by using
German giants reject US claims on Iran
Policy
US sanctions against Iran, introduced by Donald Trump after he decided to break the 2015 nuclear deal, have forced more
Oil prices reach $80 a barrel
Production
Oil prices briefly touched US$80 a barrel on Wednesday for the first time since May after US stockpiles fell by
No swift Iran refund for Total: minister
Production
Iran will not refund French oil and gas giant Total for its investment in South Pars, the world’s largest gas
Iran looks to restore hidden oil trade
Industry
Iran appears keen to keep 800,000 barrels per day (bpd) of its oil exports flowing after US sanctions are in