US Official Rules Out Further Waivers On Iran Oil Imports
Saturday, January 12, 2019, 9:56 PM
The US will grant no more waivers for Iranian oil after the reimposition of US sanctions, the US special representative for Iran said underlining Washington's push to choke-off Tehran's sources of income. "Iran is now increasingly feeling the economic isolation that our sanctions are imposing...We do want to deny the regime revenues," Brian Hook told a-news-conference in the United Arab Emirates capital Abu Dhabi.
Oil prices edge up on expected OPEC supply cuts
Tuesday, November 20, 2018, 8:34 AM
Oil prices were stable on expectations that producer club OPEC will soon cut supply to prevent oversupply amid slowing demand growth and a-surge in output from the United States. U.S. WTI crude futures, were at $57.21 per barrel at 0117 GMT, 1 cent above their lastsettlement. Front-month Brent crude oil futures were at $66.75 a barrel, down 4 cents from their last close.