Oil prices rose on Wednesday as U.S. sanctions against crude exporters Iran and ...
SINGAPORE - Oil prices rose on Wednesday as U.S. sanctions against crude exporters Iran and Venezuela as well as ongoing supply cuts by producers have left markets relatively tight just as crude imports to China rose to a record for April.
“The tight and price-supportive fundamental outlook has not gone away,” said Ole Hansen, head of commodity strategy at Denmark’s Saxo Bank. U.S. Energy Secretary Rick Perry said on Tuesday that Saudi Arabia, OPEC’s de-facto leader, would increase its oil production to meet needs arising from sanctions on Iran.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nations using oil 'as a weapon' causing damage to OPEC -Iran oil ministerIran's oil minister hit out on Wednesday against the use of oil sanctions &...
Read more »
Nations using oil as a weapon threatens OPEC: Iran oil ministerAny country using oil as a weapon could cause the collapse of oil producer group...
Read more »
Iran must resist U.S. sanctions through oil, non-oil exports: RouhaniPresident Hassan Rouhani said on Saturday Iran must counter U.S. sanctions by co...
Read more »
Iran to keep enriching uranium despite U.S. move: parliament speakerIran will continue with low-level uranium enrichment in line with its nuclear de...
Read more »
Oil mixed, caught between U.S. sanctions on Iran, Venezuela and trade dispute with ChinaOil prices were mixed on Tuesday as U.S. sanctions on oil exporters Iran and Ven...
Read more »
Oil prices firm amid U.S. sanctions on crude exporters Iran, VenezuelaOil prices stabilized on Wednesday as markets remained relatively tight amid U.S...
Read more »
Oil dips as U.S. output hits record, but global markets remain tightOil prices dipped on Thursday after data showed record U.S. crude oil production...
Read more »
China April crude oil imports hit monthly record, refiners stocked up ahead of sanctionsChina's crude oil imports in April unexpectedly surged to a record despite ...
Read more »
Qatar says tightening Iran sanctions harms oil consuming nationsQatar, which hosts the largest U.S. air base in the Middle East, has spoken out ...
Read more »
OPEC Warns Against Mixing Oil and Politics as U.S. Iran Ban BeginsThe head of the OPEC warned against the political use of oil markets during a trip to Tehran, as tightened U.S. sanctions on Iranian oil exports begin.
Read more »
Oil prices fall as robust U.S. production counters OPEC’s constraint; Iran sanctions to kick inU.S. oil prices fell in Thursday action, as energy markets await potential next moves from OPEC as U.S. sanctions against Iran officially kick in and as a jump in domestic supplies, reflecting record U.S. crude production, continues to keep prices in check.
Read more »