Iran sanctions: U.S. can’t stop our oil exports, says minister
Iran’s foreign minister has said the United States will not be able to prevent the country from exporting oil.
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Tesla marks the latest high-profile bet for Saudi wealth fund
Saudi Arabia’s purchase of a stake of about $2 billion in Tesla Inc. is only the latest high-profile investment by its sovereign wealth fund since 2016.
U.S. sanctions on Iran could push oil prices above $90 a barrel by year-end, analyst says
U.S. sanctions on Iranian crude could soon push oil prices above $90 a barrel, one oil analyst told CNBC Monday, amid heightened energy market fears of a looming supply shock.
Israel warns Iran of military response if it closed key Red Sea strait
Israel would deploy its military if Iran were to try to block the Bab al-Mandeb strait that links the Red Sea to the Gulf of Aden, Prime Minister Benjamin Netanyahu said on Wednesday.
Trump auto plan would increase fuel use by 500,000 barrels a day
A draft proposal by federal regulators to roll back U.S. automobile efficiency requirements contends that their preferred plan would reduce “societal costs” by roughly half a trillion dollars through 2029, while increasing U.S. fuel consumption by 500,000 barrels per day.
Iran plans to respond in kind if U.S. blocks oil exports
Iran will react with equal countermeasures if Washington tries to block its oil exports, the foreign ministry said on Tuesday, while the Islamic Republic’s armed forces chief said U.S. threats would draw an “unimaginable and regrettable” reaction.
Setback for Trump: Saudi Arabia won’t export much more oil this month, official says
Saudi Arabia’s representative to OPEC on Thursday said the kingdom’s oil exports will be little changed this month, a blow to President Donald Trump, who is depending on his allies in Riyadh to put more barrels on the market to tame fuel prices.
OPEC seeking legal strategy as U.S. pushes anti-cartel bill
OPEC is consulting with lawyers to prepare a strategy to defend against proposed U.S. legislation that could open the cartel up to antitrust lawsuits, according to people familiar with the matter.
U.S. senators revive bill to counter OPEC ‘price fixing’
U.S. Senator Chuck Grassley, along with a fellow Republican and two Democratic lawmakers, introduced legislation in the Senate that’s aimed at allowing the government to bring lawsuits against OPEC members for antitrust violations.
