OPEC, partners discuss oil supply cut of up to 1.4 million bpd: sources

OPEC and its partners are discussing a proposal to cut oil output by up to 1.4 million barrels per day […]

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 […]

Trump’s Iran sanctions resolve faces test from oil-thirsty China, India

Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling […]

Oil Prices Remain Near Multi-year Highs On Looming Sanctions Against Iran

On Friday morning, oil prices stayed near multi-year highs in Asia as looming U.S. sanctions against major crude exporter Iran […]

Oil Notches Another 3-1/2-Year High while Israel/Iran Tensions Escalate

On Thursday, crude prices continued higher, notching another three-and-a-half-year peak as escalating geopolitical tensions between Israel and Iran cast further […]