Oil

In the Trump administration’s telling, its decision to cut off Iran’s oil exports in just over a week will have little impact on crude prices. There’s enough supply to meet global demand, officials say, and the administration’s Middle East allies will ride to the rescue if the world does find itself short of fuel.

The Trump administration is now putting tougher sanctions against Iran. How will this affect the oil markets? Ylan Mui reports.

With oil prices at a six-month high, what can we expect from the oil market outlook and which countries should we keep our eye on now? We speak with John Kilduff, a founding partner from “Again Capital”.

The Trump administration will sharply accelerate its goal of driving Iran’s oil exports to zero, ending sanctions exemptions that it previously granted to some of the Islamic Republic’s biggest customers.

Chevron’s $33 billion acquisition of Anadarko sparked speculation the oil patch will see a new wave of consolidation as major players look to build scale and lower costs in the shale sector.

President Donald Trump urged OPEC to “please relax and take it easy” as the oil producer group slashes output.

Russian Energy Minister Alexander Novak says his country and other oil producers will probably not make their alliance with OPEC permanent.

Oil prices sank to a 15-month low on Tuesday as the United States and Russia continue to pump at record levels ahead of planned output cuts by OPEC and its allies.

Major oil producers have reached a preliminary deal to cut oil production following a one-day delay.

Saudi Arabia convinced oil producers to hike output ahead of tough U.S. sanctions on Iran, but the Trump administration ultimately allowed some of the Islamic Republic’s biggest customers to keep importing its crude.

Oil prices fall for a 10th consecutive session, sinking U.S. crude futures deeper into bear market territory and wiping out the benchmark’s gains for the year.

With Iran sanctions set to take effect amid a Saudi political crisis the market didn’t expect, geopolitics would be expected to benefit oil prices and energy stocks. But oil has been pressured lately, and big energy stocks have trailed the market.

Geoff Cutmore reports from the Russian Energy Week in Moscow on the state of oil markets.

Brent crude breaches $81 a barrel on the back of a tightening oil market and OPEC leaders signaling they won’t be immediately boosting output.

President Donald Trump’s sustained bid to disrupt Iran’s petroleum exports could soon help to push oil prices above $90 a barrel, analysts told CNBC on Thursday.