Iran made a statement when the country issued official selling prices for June contracts of heavy crude oil sold to Asia. The most recent pricing information unveiled by Iran is the largest discount to Saudi and Iraqi oil since 2007. …
Iran is increasing pressure on fellow OPEC members as its attempts to retake lost market share in major markets like Asia.
The Islamic Republic is now undercutting the price of …
Crude oil imports from Saudi Arabia to seven major Asian markets declined 0.7% in the first half of 2015 compared to the same …
Oil prices tumbled dramatically last year as global oversupply quickly outpaced sluggish demand. A decision from OPEC last November to maintain production levels despite the growing oil glut and defend …
