US lobbies in Gulf region to add pressure on Iran

US officials have toured countries in the Gulf region in a campaign for coordinated moves against Iran, said the US State Department on Tuesday.

Iran May Block Oil Transit Via Strait of Hormuz if US Levies Sanctions

The US has withdrawn from the 2015 Iran nuclear deal and is now threatening to impose new sanctions on the country in an effort to economically strangle Iran by choking off its oil exports to global markets.

Trump Asks Saudi Arabia to Increase Oil Production

US President Donald Trump on Saturday said he has asked King Salman of Saudi Arabia to increase oil production “maybe up to 2,000,000 barrels” in order to bring prices down.

U.S. crude oil exports : Iranian oil threat gives more support for oil prices

A big drop in U.S. crude oil inventories and jousting over Iranian exports of oil put the price of oil in another rally phase on Wednesday.

Japan May End Iran Oil Loading from October

Japanese oil refiners may have to stop loading Iranian crude oil from Oct. 1 if Japan’s government does not secure an exemption from US sanctions to allow imports to continue, the president of the Petroleum Association of Japan (PAJ) said on Friday.

Europe to shield energy companies working with Iran

European companies will be protected from U.S. sanctions triggered by President Trump's withdrawal from the JCPOA, the European Commission president said.

Citing geopolitical risk, U.S. raises oil price forecast

A forecast for a $7 per barrel increase in the average price for oil this year was made before the U.S. left the Iranian nuclear deal, the government said.

Oil price tops $77 after US withdrawal from Iran deal

The price of crude oil has risen to an almost three-year high, following US President Donald Trump's unilateral decision to withdraw from the Iran nuclear deal, as well as bullish US crude inventory numbers.

Saudi Arabia supports Trump decision to re-impose sanctions on Iran

Saudi Arabia announced its supports for steps announced by US President Donald Trump regarding the withdrawal of Washington from the nuclear accord with Iran and supports the resumption of economic sanctions on Tehran which were suspended under the P5+1 deal.

Oil prices slump, even after sigh of relief on passage of U.S. budget bill

Crude oil prices continued their losses in early Friday trading amid broad-based volatility and mounting concerns of supply-side pressures.

Libyan oil production hits post-Gadhafi high

Total oil production from Libya in January was close to 1 million barrels per day on average for its highest level in more than five years, industry data show.

Lebanon to Go Ahead with Oil Exploration despite Israel Claims

Lebanese Energy Minister Cesar Abi Khalil vowed that Beirut will go ahead with oil and gas exploration near its maritime border despite Israeli claims to the field that provoked wide condemnation in the tiny Arab country.

Hezbollah Vows to Defend Lebanon’s Oil, Gas Against Israel

Lebanon’s resistance movement Hezbollah vowed to defend the rights of the country in oil and gas exploration in the Eastern Mediterranean region against any new Israeli aggression.

Corée du Nord : Rex Tillerson accuse la Russie d'aider le pays à s'approvisionner en carburant

Le secrétaire d'Etat américain Rex Tillerson a accusé la Russie d'aider la Corée du Nord à contourner certaines sanctions internationales contre ses programmes nucléaire et balistiques.

Iranian crisis could send oil to $100

Oil prices started the year on a high note as some geopolitical tension pushed aside bearish concerns. Both WTI and Brent opened above $60 per barrel for the first time in years.

South Korea seizes vessel over 'oil transfer to North'

South Korean authorities have reportedly seized and inspected a Hong Kong-flagged vessel after it secretly transferred petroleum to a North Korean vessel in international waters.

UN imposes tough new sanctions on North Korea. The draft resolution received 15 votes in favor

The UN Security Council has unanimously voted on Friday in favor of the resolution to introduce new sanctions against North Korea for its continuing ballistic missile tests.

With or without China's help: U.N. North Korea resolution to call for dramatic fuel cuts

The United Nations Security Council is expected to vote on a new North Korea sanctions resolution on Friday, and more fuel cuts are expected to be at the center of the proposal.

Iran, Iraq Discuss Start Date for Kirkuk Oil Swap

Iranian and Iraqi energy officials held talks to decide a date for the start of oil supplies from Iraq's oilfield in Kirkuk region.

Oil prices in North Korea dip due to imports from Russia

Oil prices in North Korea have fallen substantially from record-high levels in early November, due to massive imports from Russia, Radio Free Asia reported Sunday.