Iran nuclear deal: Post-sanction country still faces regulatory and political challenges July 14, 2015 The 14 July comprehensive nuclear agreement between Iran and world powers marks a historic breakthrough in the longstanding dispute over the Islamic Republic’s nuclear programme. The main catalysts behind the deal have been Iran’s continuing economic isolation as a result of sanctions and the high value placed by the Obama administration on a comprehensive agreement. [...]
Brent crude and WTI: Oil prices jump on renewed Opec deal chatter – but analysts aren’t convinced February 12, 2016 Crude prices jumped today as renewed chatter about a possible production cut deal swirled around oil markets. Brent crude, the global benchmark, jumped four per cent to $31.26 per barrel. Meanwhile, West Texas Intermediate, the US benchmarked, added 3.8 per cent to $27.19. It came after the United Arab Emirates energy minister Suhail bin Mohammed al-Mazrouei said [...]
Brent crude and WTI: Oil set to clock first weekly gain this year on cold weather January 22, 2016 Oil prices are set to clock their first weekly gain this year, as freezing weather and snowstorms in parts of the US and Europe boosts demand for heating oil. Brent crude, the global benchmark, jumped seven per cent to $31.30 per barrel, while West Texas Intermediate crude, the US benchmark, increased 6.26 per cent to $31.38. [...]
Brent crude and WTI: Oil prices extend gains on output freeze meeting March 17, 2016 Oil prices extended gains this morning, continuing to rise on firmer news of a meeting to discuss freezing output at January levels between the world's biggest suppliers. Opec and non-Opec producers are due to hold a meeting next month, even without the participation of rebel Iran. This would would increase the likelihood of the first global [...]
Iran nuclear deal: From oil prices to GDP, how have sanctions affected the country? July 15, 2015 After nine years of negotiations between Iran and leaders from the snappily-titled "P5 +1" nations – the US, the UK, France, Russia, China and Germany – agreed yesterday to lift sanctions on Iran. But what does that mean for the country's economy? Sanctions were first applied to Iran in 1979, after the storming of the [...]
Oil price dips on low volumes as growing stockpiles spook investors March 28, 2016 Oil prices dipped under $40 per barrel yesterday, adding to declines recorded in the tail end of last week. The price of international benchmark Brent crude climbed to $42.51 in early trading last week, before sliding five per cent over four days. Last night the price of a barrel of Brent was trading at $39.92, while [...]
Iran deal shakes up oil market as sector prepares for end of sanctions and new supply July 14, 2015 Iran has finally reached an agreement with Western negotiators over its nuclear programme, following years of discussions. The deal will see Iran limit its capacity to build a nuclear bomb, in exchange for the lifting of economic sanctions on the country, including restrictions on its oil and gas industry. The price of oil dipped again [...]
Iran nuclear talks: These UK sectors will be in a seriously good place if a deal is reached tomorrow July 6, 2015 Tomorrow is the deadline for a nuclear deal between Iran and other foreign powers, which would involve the removal of economic sanctions against Iran in return for a curbing of its uranium enrichment programme. Read more: Iran will limit uranium enrichment but deal remains unlikely, officials say At the moment, the country's economy is [...]
Slow and steady for the FTSE 100 as it stumbles into Monday, edging up in early morning trading April 4, 2016 The FTSE struggled to get going this morning with a so-so start to the first full week of the new financial year. The blue-chip index crawled up 12 points in the first hour of trading to stand at 6,158, after slipping back at the end of last week from its highest close of the year [...]
Saudi-Russian pledge to freeze oil production may be smoke and mirrors February 16, 2016 Stop press!! Saudi Arabia and Russia have agreed to freeze oil output!! At first glance, the remarks at today's meeting in Doha were hugely significant, coming both from the notoriously stubborn leader of the Opec cartel and one of the largest non-Opec producers in the world. Opec members Qatar and Venezeula, who were also at [...]