EU Commission pushes for wider use of euro in global markets

The European Commission published on Wednesday non-binding proposals to boost the role of the euro in international payments and as […]

Japan, South Korea plan to resume Iran oil imports from January

Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from U.S. […]

Asia’s weakening economies, record supply threaten to create oil glut

Oil traders’ worries over record supplies arriving in Asia just as the outlook for its key growth economies weakens have […]

Russia clashes with Western oil buyers over new deals as sanctions loom

Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing […]

Iran oil exports to plummet in November, then rebound as buyers use waivers

Iran’s oil exports have fallen sharply since U.S. President Donald Trump said at mid-year he would re-impose sanctions on Tehran, […]

Oil falls again as U.S. allows Iran sanctions waivers

Oil prices slipped further on Friday, heading for a weekly loss of more than 6 percent, after a report that […]

Oil falls as Saudi Arabia says it will play ‘responsible role’

Oil prices fell on Tuesday after Saudi Arabia said it would play a “responsible role” in energy markets, although sentiment […]