Libya pipeline restart cuts into oil rally
Oil prices rose on Tuesday but settled below session highs after Libya announced the reopening of pipelines after a two-year blockade that ended earlier this month.
Iran calls for meeting of nuclear deal powers over U.S. sanctions
Iran has requested a meeting of a commission overseeing the implementation of its 2015 nuclear deal with world powers, Iranian state media reported on Saturday, in response to what Tehran calls a U.S. violation of the agreement.
Russia signs Rosneft deal with Qatar, Glencore
Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore (GLEN.L) to sell a 19.5 percent stake in state-owned oil major Rosneft (ROSN.MM), Rosneft said.
Oil down as Iraq says no cuts; Wall Street, Cushing draw limit loss
Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some support from a rally in Wall Street shares and a draw in crude inventories at the U.S. storage hub of Cushing, Oklahoma.
Saudi Arabia looks to Russia to boost non-OPEC cooperation
Saudi Arabia's Energy Minister Khalid al-Falih said on Sunday he had invited his Russian counterpart Alexander Novak to meet Gulf Arab energy ministers in Riyadh as part of efforts to cooperate with non-OPEC members to stabilize the oil market.
U.N. atomic agency chief says Iran sticking to nuclear deal
Iran has kept to a nuclear deal it agreed with six world powers last year limiting its stockpiles of substances that could be used to make atomic weapons, the head of the International Atomic Energy Agency (IAEA) told French daily Le Monde.
OPEC set for no deal as Iran rejects Saudi oil output offer
Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.
U.N. urges U.S., China, others to ratify nuclear test ban treaty
The United Nations Security Council urged China, the United States, North Korea, Egypt, India, Iran, Israel and Pakistan to ratify a treaty banning nuclear explosions, which would allow the deal negotiated 20 years ago to come into force.
|
