Oil prices rose on Thursday, supported by an expectation that the United States will re-impose sanctions against Iran, a decline in output in Venezuela and ongoing strong demand.

Brent crude oil futures LCOc1 were at 74.42 per barrel at 0135 GMT, up 42 cents, or 0.6 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were up 33 cents, or 0.5"...

Crude oil prices settled sharply lower on Tuesday as Trump hinted that the U.S. and France were nearing an agreement to preserve the Iran nuclear deal.

On the New York Mercantile Exchange crude futures for June delivery fell 1.4% to settle at $67.70 a barrel, while on London's Intercontinental Exchange, Brent fell 1.11%"...

Pakistan and Iran have agreed to discuss the way forward for implementation of IP gas line and to this effect the authorities concerned of both the countries will hold curial parleys in Tehran either by end of the current month or in early next month.

The way forward will be worked out for materializing the project in the presence of US sanctions and in addition the new time lines for the project will also be discussed, a senior official at Petroleum"...

Oil prices rose on Tuesday morning in Asia, triggered by fears that U.S. sanctions could reduce Iran’s crude output.

Crude Oil WTI Futures for June delivery were trading at $68.94 a barrel in Asia at 11:30PM ET (03:30 GMT), up 0.44%. Brent crude futures for June delivery, traded in London, were up 0.31% at $74.94"...

Shipments of LPG scheduled to be lifted from Iran in April rose further to around 500,000 tons, almost matching January shipments of 520,000 tons which was the highest volume since Western sanctions against the producer were removed in January 2016, shipping sources said.

April shipments were almost up 14 percent from March and will bring the total shipments so far this year to 1.86 million tons, Platts reported.

Most"...

India’s oil imports from Iran during the 2017-18 fiscal year fell by 15.7 per cent from a year ago as state refiners reduced purchases after a row over development rights for an Iranian natural gas field, according to data from shipping and industry sources.

India, the world’s third-biggest oil importer, shipped in a record 4.46 million barrels per day (bpd) oil in the fiscal year that ended in March to feed its expanded refining capacity.

The Iranian Ministry of Energy revealed in its annual report that Iran’s nominal power generation capacity increased by 3% in the previous fiscal year to around 78.9 GW.

This report seems positive at first, but, importantly, the figures are only nominal. The country’s actual power generation capacity is less than 68.5 GW, mainly due to ageing power plants.

Indeed,"...

Iran's oil and condensates production had growth during the last Iranian calendar year (ended on March 20, 2018), Iranian Petroleum Minister said.

Final negotiations are underway with Indonesia, China and Russia to sign contracts, Bijan Zangeneh said in a joint meeting with members of parliament energy commission.

He referred to the inauguration of 6 phases of South Pars oil and gas field and extracting more oil than Qatar, saying"...

The Russian Energy Ministry is working with Iran on extension of the agreement on oil supplies to Russia under the oil-for-goods program for five years, Minister Alexander Novak told reporters on Tuesday, APA reports quoting TASS.

'The first supply has already been completed, the next ones are arranged. The agreement is effective; it"...

Citigroup analysts raised their forecast for oil prices for this year and next due to rising demand and the potential for supply losses from Venezuela and Iran.

Even as they raised their target, the Citi analysts explained the cross currents in the market and said they expect prices to be lower in 2019 than 2018 because of more supply coming to the market.

The analysts"...