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Oil prices mark weekly gain ahead of Iran sanctions
Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both benchmarks marked weekly gains ahead of U.S. sanctions on Iranian oil exports.
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Column: Oil prices enter the danger zone for consumers - Kemp
Crude oil prices continue to climb despite attempts by oil producers to reassure the market about availability and the existence of enough spare capacity to offset oil lost as a result of U.S. sanctions on Iran.
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Brent hits new four-year high on Iran supply worries
Brent crude rose nearly 2 percent after hitting a four-year high on Wednesday as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
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Russia to maintain dialogue with oil producers: Putin
Russia will maintain its dialogue with global oil producers in order to keep oil markets balanced, Russian President Vladimir Putin said on Wednesday.
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Russia's Putin says Trump is right that oil prices are too high
Russian President Vladimir Putin said on Wednesday that his U.S. counterpart Donald Trump was right that the current oil price was too high.
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Brent crude at highest since October 2014, Iran sanctions drive buying
Brent crude rose to a four-year high on Wednesday, as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
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UPDATE 1-Germany says Russian gas pipeline needed to ensure supply
U.S. President Donald Trump has said the project increases reliance on Russian gas and has warned Western firms invested in it that they are at risk of sanctions.
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U.S. oil drillers add fewest rigs in quarter since 2017: Baker Hughes
U.S. energy companies cut oil rigs for a second consecutive week as new drilling stalled in the third quarter with the fewest additions in a quarter since 2017 due to pipeline constraints in the nation’s largest oil field.
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