Oil Market

It will ease financial woes of oil marketing firm as its receivables soar to Rs456b

Piled-up storage, uncertainty over China’s oil demand cloud recovery

US President Donald Trump seeks to impose fresh sanctions on Tehran and reduce its oil sales to zero

The two countries began taking steps towards detente in 2015 after 25 years of troubled relations

Iranian president says instability and falling oil prices are harmful to all countries, especially oil producers

Bijan Zanganeh says $55 per barrel brings desired, economic and beneficial oil production revenue for Opec members

Oil is traded in dollars and a softening of the US currency makes crude cheaper for holders of other units