Brent oil prices have fallen over 20 per cent in the past five weeks and WTI futures have declined for a record 11 days in a row. Total photo. OPEC talking supply cuts as oil [Read more]
Oil prices fell almost 2 per cent on Tuesday, one day after the Trump administration announced it will grant waivers to some of Iran’s top crude buying customers. Nexen photo. Oil prices also impacted by [Read more]
Possibly in response to the surge in oil prices, the U.S. government has indicated it may show some flexibility to allow refiners to continue purchasing some Iranian oil. Reuters photo. Hedge funds remain bullish on [Read more]
Oil prices jumped on Monday one day after OPEC and its allies announced it will not boost production beyond its agreed upon output amounts in the 2017 OPEC supply cut agreement. Reuters photo by Ramzi Boudina. [Read more]
Investors are growing more concerned about the ongoing and growing trade war between the Trump administration and Beijing, though looming US sanctions on Iranian crude exports continue to support the market. Repsol photo. Oil prices [Read more]
Iran’s OPEC governor, Hossein Kazempour, says US President Donald Trump is wrong to think that Saudi Arabia and other producers, including Russia, will be able to compensate for millions of barrels of crude taken out [Read more]
It is not exactly clear how the US and Saudi Arabia plan to avoid a significant oil price rise following the Trump administration’s decision to opt out of the Iran sanction relief pact. Getty Images [Read more]
Oil prices dipped slightly on Thursday as investors took profit after Wednesday’s rally which began after US President Donald Trump announced he was abandoning the Iran sanctions relief agreement. Statoil photo by Harald Pettersen. Oil [Read more]
Oil prices were mixed on Friday. Brent is on track for its third week of gains as investors consider possible consequences of the reimposition of sanctions on Iran by the Trump administration. BP photo. Oil [Read more]
Oil prices were mixed on Thursday as investors considered rising US crude output against the possibility of US sanctions on Iran, tanking Venezuelan output and strong demand. Encana photo. Recent oil prices rally “overdone”: Some [Read more]
Oil prices were mixed on Monday after Iran’s oil minister, Bijan Zangeneh (pictured), said the OPEC supply cut agreement does not need to be extended if high oil prices continued. AP file photo by Vahid Salemi. [Read more]
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