Oil Slips Amid Prospects of U.S.-Iran Talks
Oil slipped in the morning Asian session. Discussions regarding the coming U.S.-Iran negotiations have eased the immediate risk premium, said Citi Research.
US oil prices fall ahead of US-Iran talks
U.S. West Texas Intermediate crude prices fell on Thursday after the U.S. and Iran agreed to hold talks in Oman on Friday, despite differences about the agenda, amid heightened tensions as the U.S. builds up military forces in the Middle East.
Oil prices jump on report that plans for U.S.-Iran nuclear talks are collapsing
President Trump has threatened to launch military strikes on Iran if the Islamic Republic doesn't agree to a deal on its nuclear program.
U.S. Crude Oil Stockpiles Fall Amid Lower Production
Commercial crude oil stocks fell by 3.5 million barrels and were about 4% below the five-year average for the time of year, said the Energy Information Administration.
Russia's oil and gas revenue halved in January y/y to lowest since July 2020
Russian state oil and gas revenues halved in January compared to the same month of last year, hitting their lowest level since July 2020, according to finance ministry data.
Venezuela tells China oil prices won't be set by the U.S., seeks to reassure investment after Maduro capture
Venezuela says oil prices will follow markets, not U.S. pressure, amid sanctions uncertainty. The Venezuelan ambassador to China also sought to assure that Chinese investment in Venezuela will be secure.
Why India Will Struggle to Reduce Its Reliance on Russian Oil
India relies on Russia for roughly a third of its oil imports, up from just 2% before Russia invaded Ukraine in early 2022.
Oil Rises Amid U.S.-Iran Tensions
Oil rose in the morning Asian session amid U.S.-Iran tensions.
US refiners struggle to absorb sudden surge in Venezuelan oil imports
Oil refiners on the U.S. Gulf Coast are struggling to absorb a rapid surge in Venezuelan crude shipments since last month's flagship $2 billion supply deal between Caracas and Washington, pressuring prices and leaving some volumes unsold, according to traders and shipping data.
Russia's Novak expects oil demand to pick up in March, April
Russian Deputy Prime Minister said on Tuesday that there is currently a balance on the global oil market, while demand will be gradually rising in March and April, when asked about the OPEC+ group's plans on its production policy.
Oil Prices Slide as U.S.–Iran Talks Ease Geopolitical Risk and Remove Fear Premium
Oil prices remain under pressure as easing U.S.–Iran tensions remove the fear premium, a stronger dollar limits demand, and bearish technical signals keep crude locked in a sideways range until key levels break.
Oil steady as markets consider possible U.S.–Iran de-escalation, firm dollar
Oil prices held steady on Tuesday as market participants weighed the possibility of a de-escalation in U.S.-Iran tensions, with a firmer dollar limiting the upside.
