Oil firm Serica Energy took another step towards completing a series of UK North Sea acquisitions today.
Oil sceptics have been proved right in downplaying sanctions against Iran.
The Trump administration has announced the reimposition of all US sanctions on Iran that had been lifted under the 2015 nuclear deal.
The U.S. has agreed to let eight countries -- including Japan, India and South Korea -- keep buying Iranian oil after it reimposes sanctions on the OPEC producer on Nov. 5, a senior administration official said.
Serica Energy is closing in on two acquisitions after the US granted a waiver removing production obstacles on a UK North Sea field.
President Donald Trump’s attempt to wield U.S. economic strength as a weapon against foreign adversaries is being tested as the Treasury Department struggles to contain the fallout from its sanctions against the world’s second-largest aluminum producer.
Oil traded near the highest level in almost four years as investors grapple with doubts over OPEC’s ability to replace falling exports from Iran.
A proposed plan by the European Union, Russia and China to sidestep U.S. sanctions on Iran by using an alternative payment system won’t give its oil buyers a free pass to handle Iranian crude.
President Donald Trump has lashed out at Iran, with national security adviser John Bolton also warning there would be "hell to pay" if Tehran crossed the US.
Aggressive and undiplomatic, certainly, but also extremely effective. With nearly 50 days to go before new U.S. oil sanctions against Iran enter into force, President Donald Trump has already managed to crush the country’s petroleum exports, dealing severe economic damage to Tehran.
China’s shipowners are shunning Iran’s oil, while the OPEC producer is using its own tankers to supply top customers as impending U.S. sanctions threaten to disrupt global crude trade.
China National Petroleum Corp. is expected to take the lead on a $5 billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total SA, which halted operations after U.S. President Donald Trump reimposed sanctions on the Islamic Republic.
A price war is brewing between top oil producers in the Middle East, and the U.S. may be at the heart of it.
The Government will "certainly" stand up to US President Donald Trump over his administration's sanctions on Iran, the minister of state for the Middle East has said.
Oil prices were trading higher on Tuesday amid expectations that US sanctions on major exporter Iran will tighten global supply.
The U.S. embargo on Iran oil shipments has put Prime Minister Narendra Modi in a quandary. If he plays along, India could find itself on the right side of President Donald Trump on trade but lose cheap supplies and precious foreign exchange.
President Donald Trump may have ordered the re-imposition of sanctions on Iran, but one of Asia’s biggest oil importers -- and a key strategic ally of the U.S. -- plans on ignoring them.
BP’s decision to delay work aimed at increasing production from the Rhum field because of US sanctions on Iran is “good news” for Serica Energy, analysts have said.
The U.S. stepped up its opposition to the Nord Stream 2 natural gas pipeline linking Russia and Germany, saying the project raises security concerns and that it could draw U.S. sanctions.
Iran has signed an agreement with a British consortium to develop an oil field in the country's south, according to state TV.
OPEC has enough spare production capacity to cushion oil markets if the U.S. re-imposes sanctions on Iran, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.
Oil retreated from the highest level since 2014 as investors weighed competing views on whether the U.S. will reimpose sanctions on OPEC producer Iran and the potential consequences of such a decision.
Exxon Mobil said it’s abandoning joint ventures with Russia’s Rosneft PJSC after international sanctions against the nation’s energy sector paralyzed a historic drilling project.
The Trump administration has decided not to punish anyone - for now - under new sanctions retaliating for Russia's election-meddling, the State Department has said.
Fresh sanctions against North Korea secured by Britain to ramp up pressure on the regime will be signed off by European ministers, Boris Johnson has said.