Iran Oil Sanctions

Oil slips from five-month high as sluggish economic outlook counters tight market, Brent futures at strongest level

Despite the economic concerns, global oil markets are tight, and Brent and WTI crude oil futures have risen by 40% and 30% respectively since the start of the year.

Oil prices hit November 2018 highs driven by OPEC supply cuts, US sanctions against Iran, Venezuela

Russia is a reluctant participant in its agreement with OPEC to withhold output

Hindustan Petroleum to buy crude from Iran in January after 6-month gap, says report

The United States in early November granted India a six-month waiver from sanctions against Iran’s oil exports.

October CPI at 3.31% and September IIP at 4.5%: Inflation numbers come as breath of fresh air, show economy is on right track for now

Two things stand out in the CPI inflation number. The first is that the food items basket is responsible for this low number. The other concern which will definitely be the focus for the RBI is core inflation which is now above 6 percent.

Saudi Arabia to ship less oil to world markets in December as it considers a coordinated output cut

Now Saudi Arabia wants to act to prevent a further slide in prices and is leading discussions on cutting oil output next year, sources said.

Iraq replaces Saudi Arab as top oil supplier to India in August; Iran remains third-biggest seller despite heavy cuts

Imports of Iranian oil by India, Tehran's top oil client after China, fell by about a third to about 523,000 bpd in August from July