Disruption likely as Iran sanctions kick in Monday
Midnight on Sunday will mark a dividing line in the world of oil. Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government.
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US to give 8 nations oil waivers under Iran sanctions
The U.S. has agreed to let eight countries -- including Japan, India and South Korea -- keep buying Iranian oil after it reimposes sanctions on the OPEC producer on Nov. 5, a senior administration official said.
BP’s lower 48 unit changes name after completing BHP deal
UK energy giant BP has wrapped up the £8 billion acquisition of BHP Billiton's US share assets.
OPINION: US shale has a glaring problem
Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies are still struggling to turn a profit.
Oil trades below $70 as US-Saudi tensions grow
Oil traded near the lowest level in a month after a more-than-expected gain in American stockpiles overshadowed tensions between the U.S. and Saudi Arabia over a missing critic of the kingdom.
Serica could revive Rhum well plans, intends to keep BP rotas
Serica Energy is closing in on two acquisitions after the US granted a waiver removing production obstacles on a UK North Sea field.
Wood bags US contracts worth £190m, creates 1,000 new jobs
Energy service giant Wood has secured a string of new US midstream sector contracts worth about £190m this year.
Trump’s sanctions hammer tested as US retreats from Rusal penalty
President Donald Trump’s attempt to wield U.S. economic strength as a weapon against foreign adversaries is being tested as the Treasury Department struggles to contain the fallout from its sanctions against the world’s second-largest aluminum producer.
Oil nears four-year high as Iran export drop stokes concerns
Oil traded near the highest level in almost four years as investors grapple with doubts over OPEC’s ability to replace falling exports from Iran.
Updated: US extends sanctions waiver on Rhum field
The US has issued an interim licence to nullify restrictions on production from a UK North Sea field.
Oil extends longest quarterly rally in a decade on supply risks
Oil in London extended gains after the longest quarterly rally in a decade as a slowdown in American drilling added to supply risks while the U.S. and Saudi Arabia discussed market stability.
If you cross us, there will be hell to pay: US lashes out at Iran
President Donald Trump has lashed out at Iran, with national security adviser John Bolton also warning there would be "hell to pay" if Tehran crossed the US.
Shell ‘in talks’ to sell $1.3bn in Gulf Coast assets
Royal Dutch Shell Plc, shedding assets to pay for its takeover of BG Group Plc, is in talks to sell its interest in a Gulf of Mexico oilfield to Focus Oil, according to people familiar with the matter.
In big win for Trump, US sanctions cripple Iranian oil exports
Aggressive and undiplomatic, certainly, but also extremely effective. With nearly 50 days to go before new U.S. oil sanctions against Iran enter into force, President Donald Trump has already managed to crush the country’s petroleum exports, dealing severe economic damage to Tehran.
Hurricane Florence affects oil and gas projects, facilities
Hurricane Florence is churning over the Carolinas, knocking out power and threatening coastal flooding in a torrent that could have implications for energy trade and oil and gas construction projects in the area.
US in striking distance of climate goal shunned by Trump
The U.S. is on track to meet about two-thirds of its carbon-emissions goals under the Paris climate accord -- even without the support of President Donald Trump.
Oil soars as speculation mounts of US-China trade dispute
Oil rose after the biggest weekly loss in two months as speculation of a crude supply shortage took precedence over escalating trade tensions between the world’s two biggest economies.
US sanctions on Iran up the ante in Middle East oil price war
A price war is brewing between top oil producers in the Middle East, and the U.S. may be at the heart of it.
Ryan Zinke sued over ‘stacked’ US panel on oil, gas, coal royalties
The Trump administration committee that helps set royalty payments for coal, oil and gas extracted from public lands is stacked with industry insiders who stand to directly benefit from lower payments to the public, a U.S. environmental group said in a lawsuit.
UK will ‘certainly’ stand up to US over Iran sanctions
The Government will "certainly" stand up to US President Donald Trump over his administration's sanctions on Iran, the minister of state for the Middle East has said.
Brent crude rises as Trump’s Iran sanctions kick in
Oil prices were trading higher on Tuesday amid expectations that US sanctions on major exporter Iran will tighten global supply.
EU urges businesses to keep trading with Iran
The European Union is encouraging enterprises to increase their business with Iran, as that country has been compliant with its nuclear-related commitments.
UK, EU to block US sanctions on Iran
The UK and EU partners will move to block Donald Trump's sanctions on Iran in order to preserve peace, they have announced.
Oil holds as trade fears weighed against US rigs and rhetoric
Oil traded near $68 a barrel as investors assessed the impact of escalating trade frictions between the world’s two biggest economies against a decreasing number of American oil rigs and rising rhetoric between the U.S. and Iranian presidents.
Trump or cheap Iran oil: Dilemma facing fastest growing user
The U.S. embargo on Iran oil shipments has put Prime Minister Narendra Modi in a quandary. If he plays along, India could find itself on the right side of President Donald Trump on trade but lose cheap supplies and precious foreign exchange.