Edition:
United Kingdom

Alex Lawler

As Trump's sanctions bite, Iran's oil exports slide further in June

24 Jun 2019

LONDON Iranian crude exports have dropped so far in June to 300,000 barrels per day (bpd) or less after the United States tightened the screw on Tehran's main source of income, industry sources said and tanker data showed, deepening global supply losses.

OPEC wrangle over meeting date exposes deepening Saudi-Iran rift

19 Jun 2019

LONDON/DUBAI/MOSCOW OPEC's month-long wrangle over a date for its next meeting has highlighted a changing dynamic in the group with decisions increasingly driven by long-time leader Saudi Arabia in tandem with non-OPEC Russia, angering member states like Iran.

OPEC cuts oil demand outlook, building case to keep supply curbs

13 Jun 2019

LONDON OPEC has cut its forecast for growth in global oil demand due to trade disputes and pointed to the risk of a further reduction, building a case for prolonged supply restraint in the rest of 2019.

RPT-Algeria floats idea of larger OPEC+ oil cut, rollover still likely - sources

13 Jun 2019

LONDON/DUBAI, June 12 Algeria has floated an idea of increasing an oil supply cut by OPEC and its allies in the second half of 2019 as demand falters, OPEC sources said, although rolling over current output curbs is still the most likely scenario.

Algeria floats idea of larger OPEC+ oil cut, rollover still likely - sources

12 Jun 2019

LONDON/DUBAI, June 12 Algeria has floated an idea of increasing an oil supply cut by OPEC and its allies in the second half of 2019 as demand falters, OPEC sources said, although rolling over current output curbs is still the most likely scenario.

Trump's sanctions hit OPEC oil output despite Saudi boost - survey

31 May 2019

LONDON Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States tightened the screw on Tehran.

Iran's May crude exports slide to 400,000 bpd - data, sources

29 May 2019

LONDON, May 29 Iranian crude exports have fallen sharply in May to around 400,000 barrels per day (bpd), tanker data showed and two industry sources said, after the United States tightened the screws on Tehran's main source of income.

Oil up more than 1% on Mideast tensions and supply cuts

27 May 2019

NEW YORK, LONDON Oil prices rose more than 1% on Monday, supported by Middle East tensions and OPEC-led supply cuts as well as continued crude disruptions from Russia after a contamination problem discovered last month.

Iran's crude exports slide to 500,000 bpd or less: sources

17 May 2019

LONDON Iranian crude oil exports have fallen in May to 500,000 barrels per day (bpd) or lower, tanker data showed and industry sources said, after the United States tightened the screws on Tehran's main source of income, deepening global supply losses.

Iran's crude exports slide to 500,000 bpd or less -sources

17 May 2019

LONDON, May 16 Iranian crude oil exports have fallen in May to 500,000 barrels per day (bpd) or lower, tanker data showed and industry sources said, after the United States tightened the screws on Tehran's main source of income, deepening global supply losses.

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