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Oil Prices Reverse Losses And Rises To Over $105 A Barrel
Oil prices reverse early losses and rise to over $105 a barrel on Monday in volatile trade as supply concerns continue from the Ukraine war and the lack of clarity on Iran oil, despite expected supply boost from the release of strategic reserves by the US and the International Energy Agency (IEA).
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State-Owned Refiners Turn To OPEC, Mexico, US To Make Up Iran Oil Gap: Report
The state refiners have not yet placed orders for Iranian oil for May, when the current waiver expires, pending clarity from the United States.
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Iran Agrees To OPEC Oil Output Cut By 0.8 Million Barrels Per Day: Report
OPEC will later ask non-OPEC producers to contribute an additional 0.4 million bpd to the cuts, the report said.
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US Grants Temporary Iran Oil Waivers To India, Seven Other Countries
Some of the eight countries - China, India, Greece, Italy, Taiwan, Japan, Turkey and South Korea - include OPEC (Organization of the Petroleum Exporting Countries) member Iran's top customers.
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When Iran Exports Fall After US Sanctions, Saudi To Open Its Oil Tap
With Washington poised to curtail Iran's oil exports, OPEC heavyweight Saudi Arabia and its partners stand ready to ramp up supplies even as market conditions remain uncertain, analysts say.
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US Agrees To India, 7 Nations Buying Iran Oil Despite Sanctions: Report
The U.S. has agreed to let eight countries -- including Japan, India and South Korea -- keep buying Iranian oil after it reimposes sanctions on the OPEC producer on Nov. 5, a senior administration official said. While the Trump administration's goal remains to choke off revenue to Iran's economy, waivers are being granted in exchange for continued ...
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India To See Largest Additional Oil Demand At 3.7% Per Year By 2040: OPEC
India's oil demand is expected to rise by 5.8 million barrels per day (bpd) by 2040, accounting for about 40% of the overall increase in global demand during the period, said OPEC's secretary general Mohammed Sanusi Barkindo.
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OPEC "Monopoly" Must Lower Oil Prices Now, Says Donald Trump
President Donald Trump on Thursday issued a fresh call on the OPEC oil cartel to lower crude prices, saying the United States was providing Middle Eastern energy giants with security.
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Amid Threats Of US Sanctions Against Iran, Saudis Offer Extra Oil in Asia
Evidence is mounting that Saudi Arabia is heeding U.S. President Donald Trump's call for OPEC to keep the oil market amply supplied and rein in prices.
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Iranian Oil Minister Calls Donald Trump's Order To OPEC Insulting
Iran's oil minister on Saturday accused U.S. President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding that Iranian output and exports had not changed as a result of U.S. pressure.
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Nuclear Deal Talks Set To Drag On As Iran Seeks More From World Powers
Talks to save the 2015 nuclear deal on Friday are unlikely to satisfy Iran, European powers said, and Tehran warned that it could leave the accord if it was not fully compensated for the re-imposition of U.S. sanctions.
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Saudi Arabia "Has To Put Out More Oil", Says Donald Trump
President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on US ally Saudi Arabia to raise supplies to compensate for lower exports from Iran.
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OPEC Okays Modest Rise In Oil Supply From July After Iran Cooperates
The real increase will be smaller because several countries that recently underproduced oil will struggle to return to full quotas while other producers will not be allowed to fill the gap, OPEC sources said.
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Crude Prices Breach $80 A Barrel For First Time Since November 2014
Market watchers are beginning to talk again about oil prices returning to $100 per barrel and more.
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Crude May Rise To $55 A Barrel If All Producers Cooperate: Iran Oil Minister
OPEC is moving closer towards finalising its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said.
-
Oil Prices Reverse Losses And Rises To Over $105 A Barrel
Oil prices reverse early losses and rise to over $105 a barrel on Monday in volatile trade as supply concerns continue from the Ukraine war and the lack of clarity on Iran oil, despite expected supply boost from the release of strategic reserves by the US and the International Energy Agency (IEA).
-
State-Owned Refiners Turn To OPEC, Mexico, US To Make Up Iran Oil Gap: Report
The state refiners have not yet placed orders for Iranian oil for May, when the current waiver expires, pending clarity from the United States.
-
Iran Agrees To OPEC Oil Output Cut By 0.8 Million Barrels Per Day: Report
OPEC will later ask non-OPEC producers to contribute an additional 0.4 million bpd to the cuts, the report said.
-
US Grants Temporary Iran Oil Waivers To India, Seven Other Countries
Some of the eight countries - China, India, Greece, Italy, Taiwan, Japan, Turkey and South Korea - include OPEC (Organization of the Petroleum Exporting Countries) member Iran's top customers.
-
When Iran Exports Fall After US Sanctions, Saudi To Open Its Oil Tap
With Washington poised to curtail Iran's oil exports, OPEC heavyweight Saudi Arabia and its partners stand ready to ramp up supplies even as market conditions remain uncertain, analysts say.
-
US Agrees To India, 7 Nations Buying Iran Oil Despite Sanctions: Report
The U.S. has agreed to let eight countries -- including Japan, India and South Korea -- keep buying Iranian oil after it reimposes sanctions on the OPEC producer on Nov. 5, a senior administration official said. While the Trump administration's goal remains to choke off revenue to Iran's economy, waivers are being granted in exchange for continued ...
-
India To See Largest Additional Oil Demand At 3.7% Per Year By 2040: OPEC
India's oil demand is expected to rise by 5.8 million barrels per day (bpd) by 2040, accounting for about 40% of the overall increase in global demand during the period, said OPEC's secretary general Mohammed Sanusi Barkindo.
-
OPEC "Monopoly" Must Lower Oil Prices Now, Says Donald Trump
President Donald Trump on Thursday issued a fresh call on the OPEC oil cartel to lower crude prices, saying the United States was providing Middle Eastern energy giants with security.
-
Amid Threats Of US Sanctions Against Iran, Saudis Offer Extra Oil in Asia
Evidence is mounting that Saudi Arabia is heeding U.S. President Donald Trump's call for OPEC to keep the oil market amply supplied and rein in prices.
-
Iranian Oil Minister Calls Donald Trump's Order To OPEC Insulting
Iran's oil minister on Saturday accused U.S. President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding that Iranian output and exports had not changed as a result of U.S. pressure.
-
Nuclear Deal Talks Set To Drag On As Iran Seeks More From World Powers
Talks to save the 2015 nuclear deal on Friday are unlikely to satisfy Iran, European powers said, and Tehran warned that it could leave the accord if it was not fully compensated for the re-imposition of U.S. sanctions.
-
Saudi Arabia "Has To Put Out More Oil", Says Donald Trump
President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on US ally Saudi Arabia to raise supplies to compensate for lower exports from Iran.
-
OPEC Okays Modest Rise In Oil Supply From July After Iran Cooperates
The real increase will be smaller because several countries that recently underproduced oil will struggle to return to full quotas while other producers will not be allowed to fill the gap, OPEC sources said.
-
Crude Prices Breach $80 A Barrel For First Time Since November 2014
Market watchers are beginning to talk again about oil prices returning to $100 per barrel and more.
-
Crude May Rise To $55 A Barrel If All Producers Cooperate: Iran Oil Minister
OPEC is moving closer towards finalising its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said.
