Iran

The tanker group as a whole is "uniquely positioned" to take advantage of a likely increase in oil production and potentially significant IMO 2020 tailwinds, according to Wells Fargo. The Analyst Wells Fargo's Michael Webber upgraded the following stocks DHT Holdings Inc (NYSE: DHT)...

Oil prices traded lower Tuesday morning and saw heavy selling pressure last week. With the price of WTI hovering around the $67 mark, the upside case for $100 a barrel still can't be ruled out, according to Helima Croft, global head of commodity strategy at RBC Capital Markets. What Happened...

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...