UAE energy minister hints at support for oil production cuts

Business 05/19/19, 19:34

The United Arab Emirates' energy minister said Sunday he does not think oil producing nations should relax the production cuts currently in place. Suhail al-Mazrouei spoke to reporters on the sidelines of a meeting in Saudi Arabia of the world's major oil producers. His comments suggested there's support within the OPEC ...

US says no more sanctions waivers for importing Iranian oil

Politics 04/22/19, 10:10

The Trump administration said Monday that it will no longer exempt any countries from U.S. sanctions if they continue to buy Iranian oil, stepping up pressure on Iran in a move that primarily affects the five remaining major importers: China and India and U.S. treaty allies Japan, South Korea, Turkey. President ...

Asian markets lower, oil rises on Iran concerns

Business 04/22/19, 00:52

Asian stock markets were mostly lower while oil prices surged for a second day Monday following reports Washington wants to block Iranian exports. Tokyo's benchmark edged up while Shanghai, Seoul and India retreated. Hong Kong and Sydney were closed for the holiday. On Wall Street, the benchmark Standard & Poor's 500 index ...

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