(BOE Report) – Goldman Sachs said on Tuesday it expects Brent crude to trade in an $80-$90 per barrel range until there is either confirmation of a new U.S.-Iran nuclear deal or a significant escalation of their conflict. The bank estimates spot Brent’s fair value at about $80 a barrel, suggesting markets are pricing in only a modest risk premium
Nasdaq KUALA LUMPUR – Oil prices slipped on Tuesday as traders eyed the latest progress in last-ditch talks to revive the 2015 nuclear accord with Iran, which would clear the way to boost its crude exports in a tight market. Brent crude LCOc1 futures were down 86 cents, or 0.9%, at $95.79 a barrel at 0725 GMT, after gaining 1.8% in the previous session. U.S. West Texas
Reuters A host of barriers to the revival of Iran’s nuclear deal remain firmly in place ahead of talks due to resume this week between Tehran and world powers, suggesting a return to compliance with the 2015 accord is still a way off, four diplomats, two Iranian officials and two analysts say. Iranian demands about sanctions relief and Western concern
Reuters Oil prices extended losses on Tuesday on profit taking and a stronger U.S. dollar, but overall optimism about recovering demand kept a floor under prices. Brent crude was down 37 cents, or 0.5%, at $71.12 a barrel by 1335 GMT, after declining 0.6% on Monday. U.S. West Texas Intermediate oil was off by 27 cents, or 0.4%, at $68.96
CNBC DUBAI, United Arab Emirates — After more than 18 months of sticking up for the Iran nuclear deal after the U.S. administration left it in May 2018, European Union signatories have triggered a dispute mechanism in the accord over Tehran’s suspension of compliance. France, Germany and the U.K. (the E3) in a joint statement informed the EU on Tuesday that they had
Measures will likely only remove 300,000-500,000 barrels a day of Iranian crude from the market: analyst Saying “the Iran Deal was one of the worst and most one-sided transactions the United States has ever entered into,” President Trump pulled the U.S. out of the Joint Comprehensive Plan of Action (JCPOA) with Iran today, ending U.S. participation in the Iran nuclear agreement that
Unraveling of Iran nuclear deal could ‘propel’ oil prices skyward: analysts From CNBC A dramatic uptick in oil prices in recent weeks has partly been driven by mounting expectations that Donald Trump will soon pull out of the 2015 accord. Trump, a fervent critic of the seven-party agreement, has long threatened to walk away from the landmark deal unless its
Iran tapped spare capacity and increased production more than 800 MBOPD July 14 marks the one-year anniversary of the implementation of the Joint Comprehensive Plan of Action (JCPOA) negotiated by Iran and the P5+1, which included the U.N. Security Council and Germany. The JCPOA marked a historic deal between Iran and the political West, with the former agreeing to give
Iran deal threatens U.S. energy security – Senator John Hoeven The chair of the Senate Committee on Homeland Security, Senator John Hoeven (R-ND), released a video ahead of President Obama’s State of the Union address saying that the Iran nuclear deal is a threat to U.S. energy security. “As a consequence of President Obama’s nuclear agreement with Iran, this state sponsor
