Home Tags Crude
Venezuela’s oil shipments have reportedly fallen sharply since the US hit the country with energy sanctions.
Washington will reinstate sanctions against Tehran on Monday, including some that ban the purchase of Iranian oil. Here's what you need to know.
Less than two weeks before US sanctions against Iran kick in, OPEC said the oil market could shift toward a surplus and signaled it would adjust production accordingly if that were the case.
Oil prices tumbled Wednesday to their lowest level since September after government data showed US inventories rose more than expected and as stocks paused an earlier rebound.
While Saudi Arabia isn't likely to follow through with what many saw as a veiled threat to pressure the energy market if the West imposes sanctions against Riyadh, analysts aren't ruling that scenario out.
Oil prices rallied to near four-year highs Wednesday, erasing earlier losses as markets weighed the largest rise in US crude inventories this year against looming oil sanctions against Iran.
Oil prices slid Monday after inventories at the US crude delivery hub jumped last week, adding to demand concerns.
Crude prices rebounded Friday amid expectations for US sanctions against Iran, which would cut off oil imports from the country, and a rise in global demand.
Oil prices slumped Wednesday after Beijing announced it would retaliate against the Trump administration with a 25% tariff on another $16 billion worth of US products, including crude exports to China.
Oil prices rallied Monday as markets braced for the reimposition of US sanctions against Iran. Other sanctions, including those targeting Iranian crude, will resume in November.