oil

Iran's regime uses militias to implement its expansionist agenda in the region says Saudi deputy defence minister

The Saudi-led coalition backing the Yemeni govt confirms that its warplanes were bombing rebel targets

UAE warns it will retaliate hard against Yemen rebel attacks on civilian facilities in the region

Crude inventories climb 8.6m barrels in the week to May 10 to 477.8m

Saudi energy minister, however, says production and exports are continuing without disruption

Two Saudi Arabian oil tankers among vessels targeted by 'sabotage attack'

US increases levies on $200 billion worth of Chinese goods to 25%

Heightened tensions between world's two biggest economies cloud outlook for global growth

US sanctions on Iran, Venezuela and supply cuts by OPEC and Russia support prices

US sanctions have halved Iranian crude exports over the past year to below 1 million bpd

US president said he would sharply raise tariffs on Chinese goods this week

US sanctions have already more than halved Iranian oil exports to 1m bpd

OPEC+ will still need to hold back production to balance the market: analyst

Prices are still supported by political crisis in Venezuela, US sanctions against Iran

Will reportedly increase fuel costs and quicken inflation

Meeting will discuss whether to transfer entire or partial burden on consumers or defer the increase

National Iranian Oil Company chief says Tehran will not leave OPEC

Sends summary to ECC for review so that minimum burden will be placed on the masses

Comments from Riyadh come despite US pressure to raise output

The UN is right in asserting that 'there is no military solution to Libya’s crisis'

US president urged OPEC and top oil exporter Saudi Arabia to lower oil prices

'The activities of these multinationals are not at all regulated today'

Say China has alternative oil suppliers including the United States and Saudi Arabia

Moscow has an agreement with OPEC to maintain production at a certain level until July

Moscow plans to start supplying clean oil via pipeline on April 29

Poland and Germany have suspended imports of Russian crude citing poor quality

Stock data counters fears resulting from OPEC output cuts, US sanctions on Venezuela and Iran

After US announces it will no longer grant sanctions exemptions to Iran's oil customers

Insists it will contribute to volatility in the Middle East and global energy market

Washington demands buyers of Iranian oil stop purchases by May 1 or face sanctions

Facility will be utilised by PSO, PARCO and Pakistan LNG Limited; ease pressure on foreign currency reserves

Says Iran is ready for any US decision to end waivers granted to buyers of Iranian crude

US expected to announce sanctions on countries who continue to import Iranian oil

US crude inventories fell by 1.4m barrels in the week to April 12, EIA data shows

Global supply has been tightened further by US sanctions on Venezuela and Iran

Analysts also believe US crude stocks may have risen by 1.9m barrels last week

Drop in output from Iran and Venezuela limits losses

Scores of shipwrecks in Lagos' waterways have turned parts of its shoreline into a marine cemetery

Supply cuts from Venezuela, Libya and Iran support perceptions of a tightening market

Brent crude oil futures heading for 1.9% weekly gain and US WTI for 2.3% weekly gain

Warns demand fell in developed OECD countries by 0.3 million bpd

Russian comments signaling willingness to pump more dampen the rally

Russia says OPEC and allies should raise output from June

Calls on govt to immediately withdraw the increase in oil prices

Surprise increase in American inventories, however, caps gains

Following a notable slowdown in economic growth and contraction in the number of vehicles

OPEC-led production cut lends support to prices

US inventories rose last week by 2.8 million barrels

Expectations of a further drop in US inventories support prices

Concerns about potential US recession emerge after remarks by Federal Reserve