Iran needs to sell oil to China but was forced to ban air travel between the countries.
U.S. stocks soared on Wednesday as reports emerged of positive developments in finding a treatment for coronavirus
Crude oil prices have dropped by more than 20% since early January
U.S. stocks rose on Friday after China reported that GDP grew by 6.1% last year
US stocks traded mixed despite fears of possible Iranian retaliation for the U.S. drone strike that killed top commander.
Friday's Stock Market Open: US Equities Fall, Oil Prices Jump After US Airstrike Kills Iranian Commander
US stocks open lower after killing of Iranian commander in Baghdad raises fears of new war
Thursday's Stock Market Close: US Equities Finish Modestly Higher As China Trade Deal Merry-Go-Round Continues
U.S. stocks closed moderately higher on some mild optimism over progress in China-U.S. trade talks.
India is trying to diversify its oil import portfolio, but faces big challenges as demand surges and U.S. pressures preclude buying from oil rich Iran.
China and Turkey are standing-up to U.S. demands they stop importing Iranian oil.
There seems to be enough market evidence to indicate $80 oil by the summer.
The United States will become the world's leading oil exporter by annual output this year.
A huge boost in shale oil production in the Permian region helped lift ExxonMobil's operating results for the year.
Even as the two countries continue negotiations to end the trade war set off by President Donald Trump, China imported a lot more crude oil from Russia than it did from the United States.
Analysts revised upward their WTI and Brent crude forecasts for the fourth quarter of 2018, as concerns over Iran’s supply and lack of action by OPEC continue to lend support.
Most analysts polled by International Business Times/Newsweek say a weak global demand, stronger dollar and trade war worries will keep a lid on crude oil prices.
Washington is pushing allies to cut imports of Iranian oil to zero and will impose a new round of sanctions on Iranian oil sales in November.
As the rhetoric from the United States gets harsher and oil prices remain weak, Iran is finding some respite by selling larger amounts of crude oil to China and India.
The world’s largest crude oil production company, Saudi Arabian state-owned Saudi Aramco, is looking to diversify its portfolio ahead of a planned public listing, in which it would sell 5 percent of the company.
In retaliation to the $50 billion worth of tariffs announced by the United States, China said it would impose 25 percent import duty on U.S. petroleum goods, sending the WTI crude price crashing.
The price of Brent crude fell almost by 3 percent between Wednesday and Friday, after Russia and OPEC signalled they were considering increasing output following several months of tightening supply.
Since its low point in mid-January 2016, the price of crude oil has made a sustained recovery, but fresh concerns over Venezuela and the future of the nuclear deal with Iran could pare back the gains.
Scientists figured out how old beetle fossils were to learn about the prehistoric climate of Los Angeles, and it looks like it was the same as it is today.
Repsol energy said the well could yield up to 1.2 million barrels of oil.
Fracking News: How Dangerous Is The Process? 6,648 Oil, Chemical Spills Caused By Hydraulic Fracturing In Just Four States
A new study found that up to 16 percent of the United States' fracking wells spill chemicals and hydrocarbons.
The world’s two largest crude oil producers were scheduled to meet Monday, ahead of the closely-watched OPEC meeting Wednesday.
The British pound jumped back from lows in a volatile trading session, though concerns about a “hard Brexit” are likely to keep the currency under pressure.
Oil prices hovered near one-year highs on growing expectations of an output cut by the Organization of Petroleum Exporting Countries.
Venezuelan President Nicolas Maduro has said that a deal between OPEC and non-OPEC producers to stabilize output could be announced this month.
The company at the center of Brazil’s massive corruption scandal is currently dealing with a $126 billion debt — the largest in the world oil industry.
OPEC’s 13 members meet in Vienna Thursday to set the group’s policy, which is more focused on market share than on influencing prices.