Iran could flood the market with millions of barrels of oil if Joe Biden becomes president, one of Wall Street’s top analysts says

posted in: Middle East, News

The oil market is not considering the threat of a Joe Biden victory in the US election, a renowned oil analyst warned this week. RBC Capital Markets’ Helima Croft told Business Insider that a Biden victory could lead to the renegotiation … Read More

Oil falls on news of Saudi-Russian deal to raise output

posted in: Middle East, News

The biggest increase in US stocks in about 19 months also put pressure on crude prices. Saudi Aramco’s Ras Tanura oil refinery and oil terminal. Picture: REUTERS Singapore — Oil prices fell on Thursday from the four-year highs reached the … Read More