Crude prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8% fall in the previous session led by concerns over demand and weak equities.Prices were supported by comments from Iran’s oil minister that Tehran is ready to negotiate…
Global oil markets fell 3% to settle down for a third straight day on Monday on worries that US crude stockpiles had reached new record highs, while a Saudi-Venezuela meeting to boost prices showed little progress.Oil was also hurt by tumbling US equity markets amid persistent fears about the…
Saudi Arabian Oil Minister Ali al-Naimi said he held “successful” talks with his Venezuelan counterpart about ways of cooperating to stabilize the crude market, without saying what steps producers should take to shore up prices.
The two ministers, who met on Sunday in Riyadh, discussed Venezuelan Oil Minister Eulogio Del…
Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran’s crude oil sales to Europe after the lifting of international sanctions on Tehran had already reached above 300,000 barrels per day (bpd), according to the ministry’s news agency.Iran’s oil exports, which had peaked at more than 3 million barrels…
Oil futures extended losses into a third session in Asian trade on Wednesday, as US crude stocks last week surged to more than half a billion barrels and as Iran plans to boost exports from March.Milder weather forecast for the last eight weeks of the US November-March winter heating…
