US Aims to Cut Iranian Oil Flows by Over 90 Pct
'We are committed to bringing the Iranians to going back to the 100,000 barrels-a-day of oil exports'.
'We are committed to bringing the Iranians to going back to the 100,000 barrels-a-day of oil exports'.
Oil prices fell as market signals indicated ample supply, overshadowing US threats to curb Iranian crude exports.
India agreed to boost oil and gas imports from the U.S. in an effort to reduce the trade imbalance between the two countries and avoid retaliatory tariffs.
Oil settled little changed, rebounding from the lowest since December.
Since a shift toward renewable energy under BP's previous leadership, the company's valuation has lagged its peers.
'Underneath these signs of tranquility we think there is a bullish market trying to get out', Standard Chartered Bank analysts said.
The International Energy Agency has lowered its outlook for Russia's oil production this year by only a narrow margin even with sweeping western energy sanctions.
The UK government website notes that GB Energy 'will be a new, publicly owned, clean energy company'.
Commodity traders should start paying more attention to India, according to the country's oil and gas minister.
Oil fell as Trump-Putin talks raised doubts about sanctions, while US inflation data added pressure.