Iran says U.S. pressures on Iran, Venezuela making oil market fragile
Sunday, 14 April 2019 Iran's oil minister said on Sunday that U.S. sanctions on Iran and Venezuela and tensions in Libya have made the supply-demand balance in the global oil market fragile, and warned of consequences for increasing pressures on Tehran.
According to Reuters, Iran’s oil minister said that U.S. sanctions on Iran and Venezuela and tensions in Libya have made the supply-demand balance in the global oil market fragile. Oil prices have risen more than 30 percent this year on the back of supply cuts led by OPEC and U.S. sanctions on oil...
Crude oil production in the Organisation of Petroleum Exporting Countries fell by just 45,000 bpd in April, according to the cartel’s latest Monthly Oil Market... OilPrice.com Also reported by •Reuters
The U.S. Maritime Administration issued on Friday a maritime advisory warning that Iran or its proxies could target oil infrastructure and commercial ships,... OilPrice.com Also reported by •Reuters •CBS News