Autos and mining were weak in October but oil and gas drilling rebounded.
Autos and mining were weak in October but oil and gas drilling rebounded.
Trump once again shows that he can send oil prices lower simply by tweeting.
Iranian Rear Admiral Mahmoud Mousavi on Monday responded to U.S. warnings that Iran’s oil tankers are a “floating liability” by promising to protect them with military force.
Russia and South Korea both announced plans this week to continue doing business with Iran despite the heavier round of U.S. sanctions that went into effect on November 5.
Chinese officials and state-run media denounced the new round of U.S. sanctions against Iran after they took effect on Monday, accusing the Trump administration of “bullying” Tehran and vowing to continue purchases of Iranian oil.
Iranian President Hassan Rouhani was defiant and belligerent in the face of new U.S. sanctions in remarks aired by Iranian state television on Monday.
The president’s Twitter account posted a “Sanctions are coming” meme on Friday, playing on the popular Game of Thrones “Winter is coming” meme.
The United States is pumping record amounts of oil, vaulting over Russia to become the world’s biggest producer of crude.
Iranian Foreign Minister Mohammed Javad Zarif admitted in a CBS News interview on Sunday that U.S. sanctions have “hurt” Iran – by which he meant they are making the Iranian people suffer – but insisted sanctions can never induce the Iranian regime to change its behavior.
Lifting the summer cap on ethanol puts the administration at odds with the oil industry and environmentalists.
The Federal Reserve Bank of Dallas announced this week that the oil and gas industry remained strong in the third quarter of 2018. The good news came amid pipeline capacity concerns in the Permian Basin.
Both U.S. President Donald Trump and Iranian President Hassan Rouhani said on Monday they have no plans to meet at the U.N. General Assembly, refuting speculation that a summit meeting between the two might occur.
In an interview with Lester Holt of NBC Nightly News to be aired on Monday night, Iranian President Hassan Rouhani predicted U.S. sanctions would be unable to paralyze Iran’s oil industry or inflict enough economic damage to jeopardize the survival of his government.
TEHRAN, Iran — Iran’s oil minister says the United States will not succeed in its plans to halt Iranian crude exports even as he acknowledged that South Korea has stopped buying oil from Tehran.
The collapse of the rial currency and the looming threat of U.S. oil sanctions, scheduled to take hold in November, are reportedly leading Iran to turn to China for help keeping their economy afloat. A report Thursday suggests that China, itself struggling amid U.S. tariffs, may not be looking to save Iran and is diminishing its imports of Iranian oil.
Contents: US court seizes Socialist Venezuela’s Citgo as compensation for mine nationalization; Argentina’s peso collapses after central bank raises interest rate to 60%; Turkey and Argentina lead the world’s developing countries in falling currencies
The City Council of Los Angeles voted Tuesday to rename Rodeo Road — not to be confused with the more famous and posh Rodeo Drive in Beverly Hills — after former President Barack Obama.
Secretary of State Mike Pompeo on Monday evening dismissed Iran’s claim to control the Strait of Hormuz and the entire Persian Gulf. Pompeo promised that the United States would continue to protect freedom of navigation in those international waterways.
Brian Hook, State Department director of policy planning and head of a special action group on Iran created this week, told a press conference on Thursday that China will not be exempt from penalties if it continues buying Iranian oil after the second, and much more strict, rounds of renewed U.S. sanctions on Iran go into effect in November.
The Chinese economy continues to show signs of cooling as the trade war between the nation and the United States heats up.
Leaders of five Caspian Sea nations — Russia, Kazakhstan, Iran, Azerbaijan, and Turkmenistan — reportedly signed a historic agreement on Sunday that aims to settle a longstanding dispute over ownership of oil and gas reserves on the landlocked body of water.
The latest broadside fired by China in its trade war with the United States was a list of $16 billion in American imports subjected to a 25 percent retaliatory tariff. One major item that was supposed to be on the list was quietly removed: oil. Analysts wonder if this conspicuous omission is a sign China is blinking in its economic staredown against the Trump administration.
China’s aggressive territorial claims in the South China Sea are generally viewed in the context of a security threat to the freedom of navigation and political warfare against Asian nations with competing territorial claims, but a report published this week by the ISEAS Yusof Ishak Institute of Singapore reveals a massive cash grab as well. China’s state-controlled industries are planning to make a great deal of money from those disputed islands and reefs.
Contents: Attacks on Saudi tankers expose twin Iran military threats to international oil shipments; US considers military options for Hormuz and Bab al-Mandeb
Iran’s Foreign Ministry spokesman Bahram Qassemi threatened on Tuesday that Iran will respond to the United States with “equal countermeasures from Iran” if America moves to block the Islamic Republic’s oil exports by the Trump administration’s promised November 4 deadline.
Iran filed a lawsuit against the United States on Monday at the International Court of Justice (ICJ) over Washington’s reimposition of sanctions on the Islamic Republic.
U.S. Treasury Secretary Steven Mnuchin said on Friday the United States will consider waivers for some countries that need more time to stop importing Iranian oil to avoid disrupting global oil markets. Reuters, which reported his remarks, said they were embargoed for release until Monday.
Iran’s special envoy Ali Akbar Velayati said Thursday that Russian President Vladimir Putin announced Kremlin plans to invest up to $50 billion in Iran’s oil and gas sector, and noted that Russian firms could replace Western oil companies that have left or are leaving Iran to comply with President Donald Trump’s demands that nations stop importing Iranian oil by November 4 or face sanctions.
The United States asked the U.N. Security Council on Thursday to halt the delivery of all refined oil products to North Korea because the North Koreans were caught smuggling a huge amount of oil during the first half of this year in defiance of sanctions.
Saudi Arabia met Donald Trump’s demands for more oil, hiking its output in June to the highest level since 2016.
Iran has threatened to block the Strait of Hormuz – a key Gulf passage for shipments of commodities – over Washington threatening to sanction any country that fails to stop importing oil from the Islamic Republic by November 4.
Just in time for the height of the summer driving season, Saudi Arabia’s government said Tuesday that it will is ready to pump more oil.
The Islamic State (ISIS/ISIL) sold illegally obtained gas and oil to the Russian- and Iranian-backed Syrian regime as well as to Turkey while it ruled Iraq and Syria, Kurdistan 24 learned from a jailed senior commander from the jihadist group.
Middle East oil supplies could be cut off if the United States continues to work with allies to isolate Tehran’s oil from the global market, Iranian President Hassan Rouhani warned Tuesday.
The Eagle Ford shale formation, a Texas oil and natural gas powerhouse, appears primed for another energy boom. According to the latest report from the U.S. Geological Survey (USGS), the land sits on billions of barrels of untapped oil and natural gas.