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Oil Market Sees Iran Sanctions Having Muted Impact on Exports

(Bloomberg) -- Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as soon as this week. But don’t expect the president to fully use his new powers any time soon.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayRay Dalio’s Famous Trade Is Sputtering and Investors Are BailingStocks Climb as US Earnings Kick Into High Gear: Markets WrapTikTok to Remove Executive Tasked With Fending Off US ClaimsRussians Transform

Washington , United-states , Iran , Russia , Ukraine , Venezuela , The-white-house , District-of-columbia , Israel , China , Iranian , Venezuelan

Oil slips after Iran plays down reported Israeli attack

Brent futures were down 48 cents, or 0.6%, at $86.63 a barrel by 1155 GMT. The most active U.S. West Texas Intermediate contract was down 38 cents, or 0.5%, to $82.35.

Tehran , Iran , China , Isfahan , Esfahan , Israel , Ukraine , Damascus , Dimashq , Syria , Texas , United-states

OPEC+ Faces Fork in the Road | OilPrice.com

Some analysts have noted in the past few months that OPEC+ will have to start unwinding the cuts at some point, especially if Brent crude tops $100 per barrel

Iran , Dubai , Dubayy , United-arab-emirates , Red-sea , Djibouti-general- , Djibouti , Libya , China , Venezuela , Ukraine ,

Indian Oil Corp set to tap spot oil market as Russian term deal lapses

Indian Oil Corp (IOC) sources discounted Russian oil due to Western sanctions, forcing Rosneft and Indian Oil Corp to renew their oil supply deal.

Russia , Hindustan , India-general- , India , Ukraine , Dubai , Dubayy , United-arab-emirates , New-delhi , Delhi , Moscow , Moskva

Don't Believe The Critics: OPEC Cuts Are Working

It appears that most forecasters ignored the fact that production curbs amplify the disruptive effects of unforeseen events on market balance.

Iran , Ukraine , Red-sea , Djibouti-general- , Djibouti , Russia , Ukrainian , Russian , Ole-hansen , Michael-hsueh , International-energy-agency , Deutsche-bank

OPEC Sees No Need for Policy Change Proposal at Next Week's Meeting

OPEC and the broader OPEC+ group do not see any need to propose a change to the current oil production policy when the Joint Ministerial Monitoring Committee (JMMC) meets next week

United-arab-emirates , Iraq , Saudi-arabia , Kazakhstan , Russia , Kuwait , Oman , Algeria , Charles-kennedy , Giovanni-staunovo , Hayan-abdel-ghani , Iraq-oil

Short Sellers in Trouble As Physical Oil Market Defies Data

Despite data suggesting an oil glut, the physical market shows signs of tightness, with spreads soaring.

Red-sea , Djibouti-general- , Djibouti , Iran , United-kingdom , Libya , North-sea , Oceans-general- , Oceans , Libyan , Max-leyton , Ed-morse

OPEC+ Could Extend Output Cuts Through Year End

OPEC+’s voluntary production cuts that were set to expire at the end of the first quarter could be extended through the end of the year, three OPEC+ sources told Reuters on Tuesday

Saudi-arabia , Tamas-varga , Julianne-geiger , Oil-associates-ltd , Bloomberg , Reuters , Saudi-arabia-energy-ministry , Saudi-arabia-energy , Energy-ministry , Associates-ltd , Energy-minister , Prince-abdulaziz

Oil Price Updates: Oil extends losses in early Asian trade, Auto News, ET Auto

Oil Price Updates: "Crude oil prices declined for want of fresh drivers," ANZ analysts wrote in a note. "Oil has been caught between bullish factors such as lower OPEC output and elevated geopolitical risks and bearish concerns about weak demand in China."

China , Oil-price-updates , Ake-sullivan , Enjamin-netanyahu , Pec , Il-prices , Il-prices-today , Rent-crude-oil , Il-market ,