Now you see it, now you don't: oil surplus vanishes ahead of Iran deadline
An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices.
Enbridge to buy Spectra Energy for $3.3 billion
Enbridge Inc, Canada’s largest pipeline operator, said on Friday it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened deal of $3.3 billion.
U.S. softens stance on NAFTA sunset clause: Mexican official
Mexico’s incoming trade negotiator said on Saturday that the United States, in talks to revamp the North American Free Trade Agreement, had softened its position on a “sunset clause” that would force a renegotiation of the deal every five years.
Trump says Mexico trade deal near; NAFTA hurdles seen easing
President Donald Trump said on Saturday that the United States could reach a “big Trade Agreement” with Mexico soon as the incoming Mexican trade negotiator signaled possible solutions to NAFTA energy rules and a contentious U.S. “sunset clause” demand.
Russian oil industry would weather U.S. 'bill from hell'
Stiff new U.S. sanctions against Russia would only have a limited impact on its oil industry because it has drastically reduced its reliance on Western funding and foreign partnerships and is lessening its dependence on imported technology.
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.
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