Brent Crude Nears Two-Month High as Iran Ships Least Since 2016
Oil rose to the highest in almost two months in London as Iranian crude exports tumble, with Asian buyers taking fewer cargoes from the Middle Eastern nation weeks before U.S. sanctions take full effect.
Oil prices higher as U.S. sanctions limit Iran exports
Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply from OPEC and the United States.
U.S. energy companies fume over rejected steel tariff exemptions
The U.S. Commerce Department recently granted a tariff exemption to oil major Chevron for its imports of 4.5-inch Japanese steel tubes for oil exploration.
Global stocks rally after speech by Fed's Powell, oil prices surge
Global equity markets rose on Friday after Federal Reserve Chairman Jerome Powell said the U.S. central bank’s policies are best to keep the economy humming, spurring new highs on Wall Street, while oil surged on signs Iran sanctions may crimp worldwide supply.
Danger to oil demand from trade wars may offset price boost from Iran: Reuters poll
Oil analysts cut their price forecasts for 2018 for the first time in almost a year in August, given growing concern over the impact on crude demand from escalating trade tensions, although falling supply, particularly from Iran, would likely limit losses, a Reuters poll showed on Friday.
Now you see it, now you don't: oil surplus vanishes ahead of Iran deadline
An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices.
Enbridge to buy Spectra Energy for $3.3 billion
Enbridge Inc, Canada’s largest pipeline operator, said on Friday it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened deal of $3.3 billion.
U.S. softens stance on NAFTA sunset clause: Mexican official
Mexico’s incoming trade negotiator said on Saturday that the United States, in talks to revamp the North American Free Trade Agreement, had softened its position on a “sunset clause” that would force a renegotiation of the deal every five years.
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