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Despite EU measures, US sanctions against Iran to drive oil prices higher

Oil prices are likely to rise as traders worry that US sanctions against major oil producer Iran will lead to a tighter market towards...

Russia, Saudi Arabia agree oil production freeze as Iran says will boost output

Iran plans to increase its own oil output to pre-sanctions levels in the next few months. National Iranian Oil Company (NIOC) Director for International...

Russia’s Syria Strikes, Slowing Production Boost Oil Prices

Rising geopolitical tensions and signs of slowing output, boosted oil prices last week testing new highs.International oil benchmark Brent crude has rallied by as...

Libya, Iran pull oil prices in different directions

Unrest in Libya has raised supply worries fuelling oil prices while progress in settling the dispute over Tehran’s nuclear programme has raised traders’ hopes...

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