- Oil prices hit highest in years as markets adjust to looming sanctions on Iran
May 10, 2018
Oil prices clocked up more multi-year highs on Thursday as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market.
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- Oil set for biggest weekly rise in a month as Iran sanctions loom
May 10, 2018
The oil price rose on Thursday and was set for its largest weekly increase in a month, as the market prepared for potential disruption to crude flows from major exporter Iran in the face of U.S. sanctions.
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- Inpex may drop second bid for Iran's Azadegan oil project after sanctions decision
May 10, 2018
Japan’s biggest energy explorer, Inpex Corp, said on Thursday it may drop its second attempt to join in developing Iran’s South Azadegan oilfield after U.S. President Donald Trump said he will re-impose sanctions on Tehran.
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- Asian jet fuel buyers paying the highest premiums to get supply since 2008
May 09, 2018
Asian jet fuel buyers are paying the highest premiums for this time of year in 10 years as new and expanded airports in the region push its consumption to new highs.
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- Iran Sanctions Can Be Bad News For ONGC, Essar Oil, FGE’s Fesharaki Says
May 09, 2018
Indian oil companies importing from Iran, especially Oil and Natural Gas Corporation Ltd. and Essar Oil Ltd., could be hit by the U.S.’ decision to impose financial sanctions on Iran, said Fereidun Fesharaki, chairman of global oil and gas consult...