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oil market

US Responsible for Oil Price Increase

The Organization of the Petroleum Exporting Countries (OPEC) is not behind oil price increases and the US' decision is the reason for the surge of prices.

Iran: Oil Deal Negotiations with EU Proceeding Well

A senior official says Iran’s negotiations with the EU to reach an agreement to sell Iranian oil to Europe are advancing ahead of a US date to impose sanctions on the Islamic Republic’s energy sector.

Trump Calls Saudi King to Talk Oil Market

US President Donald Trump has called ruler of oil-rich Saudi Arabia to discuss “stability of the oil market” as well as “developments in the Middle East region and the world,” Saudi state media reported days after Trump’s harsh condemnation of OPEC over high oil prices.

Iran's Missing Barrels Cannot be Compensated

Iran says no country can ever compensate for its missing oil supplies to markets in case the US materializes its threat to bring the Islamic Republic’s oil exports to zero with a top official saying that US President Donald Trump would sooner or later have a change of heart over his campaign to the same effect.

US Pressing Oil Majors to Raise Output

Iran has criticized the United States of pressuring oil producers of the Persian Gulf region to increase their output, expressing hope that member states of the Organization of the Petroleum Exporting Countries (OPEC) would not yield to “orders” by US President Donald Trump to turn the taps on.

Asian Companies Eyeing Iran's Market as US Sanctions Loom

As the deadline of US sanctions against Iran is inching closer, Asian businessmen and traders are hopeful to find ways for maintaining their market in the Middle Eastern country.

Deciphering Trump’s plot against oil market

By adopting certain stances against oil price hike and leveling criticism at a number of the exporters of hydrocarbon fuel, US President Donald Trump is pretending that he is siding with reduction in crude value.

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