Oil prices soared on Monday, on concerns about supply disruptions, as U.S. sanctions on Iran could affect crude production. Brent crude rose 0.9% to $74.97 a barrel. WTI crude jumped at $70.13 a barrel, closing about 2.1% higher.
read more... 31/07/2018
Oil prices increased on Thursday, as Saudi Arabia decided to stop oil exports after two ships which traversed the Bab el-Mandeb strait have been attacked by Yemen’s Iran-aligned Houthis. Brent crude rose by 0.8% to $74.54 a barrel, while WTI crude edged 0.5% higher at $69.61 a barrel.
read more... 27/07/2018
Iranian holding company MAPNA Group voiced readiness to take over a project on development of the country’s South Pars gas field as French company Total has backed out of its contract with Iran for fear of the US sanctions.
read more... 23/07/2018
Oil prices hiked on Friday, due to the stoppage in Norway and Iraq, while a decline in supplies from Venezuela influenced the global output. Brent crude soared by 1.2% to $75.33 a barrel. Meanwhile, WTI crude settled 1% higher at $71.01, despite U.S. Secretary of State Mike Pompeo’s statement that Washington would consider granting waivers to Iran's crude buyers.
read more... 16/07/2018
Ali Akbar Velayati, Ayatollah Ali Khamenei’s top diplomat, said after the meeting with President Vladimir Putin, that Russian President has announced his country’s readiness to make $50 billion of investment in Iran’s oil and gas projects.
read more... 16/07/2018