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Is Iran's Oil Output Surge A Bullish Sign For Oil Tankers?
Monday, June 6, 2016 - 8:42am | 351Iran's desire to boost its oil output to regain market share lost during an economic sanction has been widely reported over the past few months. This could have a large impact on not only the price of oil, but also on oil tanker companies. According to a report from Reuters, more than 25...
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Iran's May Oil Exports On Track To Surge By 60%
Wednesday, May 18, 2016 - 10:06am | 244Iran's ambitions to regain lost oil sales and market share have been no secret. In fact, the country refused to take part in any sort of agreement that would place a cap on oil exports. Now that Iran's oil industry is no longer affected by international sanctions, the country is expected to...
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OPEC Production Cut Talks Sends Oil Surging Higher; Saudi Arabia Calling For 5% Cut?
Thursday, January 28, 2016 - 11:06am | 505The price of a barrel of oil surged higher on Thursday and hit a three-week high following reports that OPEC nations will gather in February to potentially discuss a cut in oil production. According to Reuters, Russia's Energy Minister Alexander Novak said that it is "reasonable"...