(Oil Price) – U.S. President Donald Trump is restoring the “maximum pressure” campaign on Iran, aiming to drive down the Islamic Republic’s oil exports to zero. But at the same time, President Trump signaled a willingness to negotiate a new nuclear deal with Iran that would allow it to “peacefully grow and prosper”—without obtaining a nuclear weapon. “I would much prefer a Verified
(Investing) – DUBAI – Iran’s oil minister said imposing unilateral sanctions on crude producers would destabilise energy markets, the ministry’s SHANA news outlet reported on Wednesday, after U.S. President Donald Trump said he would seek to drive Tehran’s oil exports to zero. “Depoliticising the oil market is a vital issue for energy security. Imposing unilateral sanctions against major oil producers and
(Oil Price) – Diesel prices in Asia, Europe, and the U.S. jumped this week as the latest U.S. sanctions on Russia’s oil industry added to colder winter weather to boost futures prices and margins amid expectations of reduced diesel and crude supply from Russia. On January 10, the outgoing U.S. Administration imposed the most aggressive sanctions on Russia’s oil yet, designating two
(Investing) – LONDON -Oil prices moved lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade heightened expectations for oil supply disruptions. Brent crude futures were down 57 cents, or 0.70%, at $80.72 per barrel by 1433 GMT, having gained 1.15% this week. U.S. West Texas Intermediate crude futures
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