Iran

After Brent crude oil pushed through the psychological level of $80 per barrel early Thursday, there are once again whispers of $100 oil. Does this rally have further to run? Can oil hit $100? With the price now 2.5 times higher than at from the nadir in 2016, the steady recovery in the price of...

The energy sector has been on a tear in the second quarter. The Energy Select Sector SPDR (NYSE: XLE), the largest energy exchange-traded fund by assets, is higher by 17 percent so far in the quarter while the S&P 500 is about 5.3 percent. Oil's move to multi-year highs and the resurgence...

President Donald Trump announced Tuesday that he would reinstate "the highest level of economic sanctions" against Iran and withdraw from the nuclear deal negotiated by his predecessor. “This disastrous deal gave this regime, a regime of great terror, many billions of dollars,...

President Donald Trump on Wednesday signed legislation passed overwhelmingly by Congress that slaps Russia with new sanctions and restricts the scandal-plagued president’s ability to weaken them. Under enormous pressure to sign the bill into law while a special prosecutor probes Trump’s...

The Middle Eastern geopolitical landscape shifted over the weekend after a handful of Gulf countries officially cut ties with the small but rich nation of Qatar. Saudi Arabia, along with Bahrain, the United Arab Eremites and Egypt halted air, sea and land travel to and from Qatar, Bloomberg...

Amazon.com, Inc. (NASDAQ: AMZN) disclosed in a Securities and Exchange Commission filing Friday that it made sales to “certain individuals and entities” covered by American sanctions against Iran. Amazon said it does not plan to do business with the accounts going forward and that the...

The policy actions of President Donald Trump continue to rattle a hornet's nest. In a move away from former President Barack Obama's stance, the Trump administration imposed additional sanctions on Iran last Friday in response to the Muslim-majority nation testing a ballistic missile, potentially...

After months of negotiations and disputes, OPEC has reportedly agreed to its first crude oil production cut since 2008. At a meeting in Vienna, sources said OPEC has finalized a deal that is in line with a plan discussed in September to cut production from 33.6 million barrels per day (bpd) to...

The market doesn’t seem to know what to expect ahead of this week’s OPEC meeting in Vienna. OPEC leaders were expected to meet on Wednesday to finalize a deal to dial back production while the global oil market rebalanced from a prolonged supply glut. However, developments leading...

Iran's objectives of making up for lost oil sales due to an economic embargo is showing signs of progress. According to a Bloomberg report, Iran's state controlled oil company called National Iranian Oil Co reached an agreement to sell South Pars condensate to BP plc (ADR) (NYSE: BP)....