Oil rises in session, but has weekly loss on trade worries
Crude prices rose on Friday, but declined on the week on worries that oversupply would weigh on the U.S. market while trade disputes and slowing global economic growth would dampen demand for oil.
Iran says no OPEC member can take over its share of oil exports
Iran told OPEC on Sunday no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil in the face of U.S. sanctions on Iranian oil sales.
U.S.-Iran Sanctions Give China Lead in World's Top Gas Field
China National Petroleum Corp. is expected to take the lead on a $5 billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total SA, which halted operations after U.S. President Donald Trump reimposed sanctions on the Islamic Republic.
OPEC Lifted Crude Production in July
OPEC crude production rose in July, despite sliding output in Libya, Iran and Saudi Arabia.
Iran sanctions: US can't stop our oil exports, says minister
Iran's foreign minister has said the United States will not be able to prevent the country from exporting oil.
Putin to visit Ankara for talks with Turkey, Iran
Russian President Vladimir Putin will make a two-day visit to Turkey from Tuesday where he will meet his Turkish counterpart Tayyip Erdogan and Iranian President Hassan Rouhani, the Kremlin said on Monday.
Big Oil Cheers, Quietly, as Trump Moves to Ease Auto Standards
The Trump administration’s plan to relax fuel-economy and vehicle pollution standards could be a boon to U.S. oil producers who’ve quietly lobbied for the measure.
How Trump's Tariff Tweets Moved Currency, Oil Markets
In "Futures In Focus," Chris Gersch, director of strategy at Bell Curve Capital, discusses the influence of President Donald Trump's China tariffs on the U.S. dollar and what trade tensions mean for oil. He speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
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