Sentences with phrase «iranian crude»

It's not just punishing US shale oil production and Iranian crude production — the Saudis need the money.

This means we will be seeing a bigger oil glut with Iranian crude exports coming back to the market,» said Phillip Futures analyst Daniel Ang.

If Trump does scrap the deal, it could lead to the re-imposition of secondary sanctions on Iran, pressuring countries to cut their purchases of Iranian crude, denting global supplies, pushing oil prices higher.

Moscow will receive 100,000 b / d of Iranian crude in exchange for $ 45 billion worth of Russian goods.

Any sign of a lasting agreement between Tehran and six world powers, the so - called P5 +1 group, could result in a flood of Iranian crude.

The collapse of nuclear talks could mean sanctions are not in fact removed, putting off the eventual return of Iranian crude oil.

Of course, supply and demand will have to balance out over time, and more Iranian crude will force a larger adjustment from U.S. shale, so U.S. oil production could see a deeper contraction.

Oil prices have risen this month to their highest since late 2014, driven by concern over potential disruptions to Iranian crude flows.

A U.S. exit raises the specter of a snapback of extraterritorial sanctions that could curtail foreign investment in Iran's energy sector and cause consuming countries to curb their Iranian crude imports.

The price of oil has risen to its highest since late 2014 this month, driven by concern over the potential for disruption to Iranian crude flows, but analysts say the degree of uncertainty hanging over the deal means the market is extremely sensitive to any developments.

Not exact matches

LONDON, May 2 (Reuters)- Brent crude futures eased on Wednesday, surrendering early gains after evidence of further increases in U.S. shale supply and a rise in Iranian exports ahead of a possible renewal of U.S. sanctions on Tehran.

Battered by the plunging price of crude, the market is now bracing for what experts predict will be a flood of Iranian oil after the United States and the European Union lifted economic sanctions against Iran.

Crude oil prices were fading before Israeli Prime Minister Benjamin Netanyahu announced he was going to share «significant development» on the Iranian nuclear deal.

A second oil crisis followed in 1979 in the wake of the Iranian Revolution, sending crude prices higher and hurting consumer spending.

Although there has also been a very slight fall in US crude oil production since the start of the year -LRB--1.6 %), with more Iranian and Iraq crude coming online and the demand fundamentals not improving, a significant price rise by the end of the year is unlikely.

For the week, West Texas Intermediate crude rose to $ 54.10 per barrel from $ 53.10 on increased tensions between the United States and Iran following an Iranian missile test.

The Iraqi Oil Ministry and the Iranian Oil Ministry have signed a memorandum of understanding to bury their differences on joint oil fields and build a pipeline to export crude oil from the Kirkuk fields, in the north of Iraq, through Iran, reported the Al Monitor.

Iran's current crude oil output level will not be reduced under the extension of the OPEC production cuts, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Thursday.

Iran will officially notify producer group OPEC in December of its plans to raise its crude oil output by 500,000 barrels per day (bpd), the Iranian oil minister said on Saturday.

Crude oil continues to receive some non-fundamental price support from ongoing worries about the Iranian supply outlook.

The Saudi need for money is a much simpler explanation than trying to knock out US shale oil, or gouge the Iranians, because it has the Saudis acting directly in their own interests, and it fits the price series for crude oil better.