he first round of renewed U.S. sanctions on Iran took effect as President Hassan Rouhani -- under increasing economic and political pressure -- spurned President Donald Trump’s suggestion for talks with “no preconditions.”
The war of words between U.S. President Donald Trump and his counterpart in Iran over oil exports and sanctions is shining a spotlight on the narrow, twisting conduit for about 30 percent of the world’s seaborne-traded crude.
nder pressure from U.S. President Donald Trump, Saudi Arabia has rushed to boost oil production -- only to discover that global markets might not yet need it.
U.S. President Donald Trump eased his tone about a Russian natural gas pipeline to Germany after a one-on-one meeting with President Vladimir Putin, shifting from the harsh criticism he’d levied in Europe last week.
Oil fell below $74 a barrel after U.S. President Donald Trump raised the stakes in the trade war against China with the biggest list yet of goods it may hit with higher tariffs.
The war of words over oil prices continues between U.S. President Donald Trump and Iran, and the latest salvo from Iran is for Trump to stop tweeting.
President Donald Trump’s weekend of oil diplomacy offered mixed messages on supply, and conflicting responses from analysts who predicted a short-term price drop but said a rebound was due in the long run.
U.S. President Donald Trump’s administration backed off an assertion he made earlier indicating he persuaded Saudi Arabia to effectively boost oil production to its maximum capacity, which would have threatened to blow up a fragile truce agreed by OPEC and inflamed the Saudi-Iran rivalry.
American politicians are at it again: punching OPEC.
The US has renewed its threat to place 25% on 50 billion dollars (£38bn) of Chinese goods in retaliation for what it says are the country's unfair trade practices.
President Donald Trump may have ordered the re-imposition of sanctions on Iran, but one of Asia’s biggest oil importers -- and a key strategic ally of the U.S. -- plans on ignoring them.
Oil extended gains as a new wave of U.S. sanctions on Venezuela stoked concerns over its crude production and as analysts forecast further declines in American stockpiles.
A tough line from the US on imposing sanctions on Iran could see the oil price reach $80 a barrel, according to a pair of leading analysts.
Oil extended gains above $77 a barrel as a conflict between Israel and Iran ratcheted up, increasing prospects for tighter global supply after the U.S. renewed sanctions on OPEC’s third-largest producer.
Oil retreated from the highest level since 2014 as investors weighed competing views on whether the U.S. will reimpose sanctions on OPEC producer Iran and the potential consequences of such a decision.
Oil headed for a weekly gain as Iran called for the U.S. to comply with commitments it made under a 2015 nuclear deal that lifted punishing sanctions on OPEC’s third-largest producer.
Some oil traders are already steering clear of doing business with Iran as U.S. President Donald Trump signals he’ll ditch the nuclear deal with OPEC’s third-largest producer.
Growing up in Midland, John Northington looked out over the flat, featureless landscape and saw oil country ready and waiting to be drilled.
OPEC - the Organisation of Petroleum Exporting Countries - has come under fire from US President Donald Trump for producing "artificially very high" oil prices.
Oil headed for its worst week in a month after US President Donald Trump called for new tariffs on Chinese goods, souring investor optimism that tensions between the world’s two largest economies will ease with negotiations.
Donald Trump has fired US Secretary of State Rex Tillerson and replaced him with CIA director Mike Pompeo.
When President Donald Trump gave his State of the Union address Tuesday night, he touted the sweeping U.S. tax overhaul approved by Congress last month. For the country’s oil explorers, the law should mean an almost $200 billion boost in asset values, one consultant says.
If there was one message that echoed through the mountains ringing Davos a year ago, it was that the business world could ignore Donald Trump’s tweets.
BP, the UK oil major that invests more in the US than anywhere else, expects to take a charge of about $1.5 billion as a result of recent tax changes in the country, despite the prospects of long-term gains from the legislation.
The Trump administration is rolling back offshore drilling rules put in place after the 2010 Deepwater Horizon disaster killed 11 workers and spewed millions of barrels of oil into the Gulf of Mexico.