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A deal to limit Iran’s nuclear programme would lead to sanctions on its oil sector being lifted but it could take several months for any more Iranian crude to flow, and even then it may only offer short-term respite to tight oil markets, analysts said. Oil soared this week to almost $120 a barrel for ...
Only Saudi Arabia, the UAE, Kuwait, Iraq and Azerbaijan are in a position to boost their production to meet set Opec quotas while the other eight members are likely ...
Soaring Brent crude oil prices are tracking the same path as in 2007-08, when they hit a record $150 a barrel before demand destruction kicked in and prices crashed in a global recession, analysis by Mitsubishi UFJ Financial Group (MUFG) shows. Brent crude hit $113.02 on Wednesday, its highest since June 2014, as supply disruption ...
By Bozorgmehr Sharafedin and Julia Payne
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero