The number of oil rigs in the US decreased by one during the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil dropped to 486, while gas ...

President Donald Trump's administration is considering a plan to stop and inspect Iranian oil tankers at sea under an international accord aimed at countering the spread of weapons of mass destruction ...

China, Iran’s main oil customer, is the architect of Iran’s “shadow financial channels which run from its oil rigs to the virtual vaults of its central bank,” the Economist reported last ...

The US is applying pressure to Iranian crude exports after President ... Baker Hughes reported last Friday that active US oil rigs in the week ending March 14 rose +1 rig to 487 rigs, mildly ...

Also, the Trump administration said it was prepared to enforce US sanctions on Iranian crude production ... reported last Friday that active US oil rigs in the week ending March 7 were unchanged ...

The tightened U.S. sanctions on Iranian oil flows under the Trump Administration’s renewed maximum pressure campaign have created chaos in Iran’s oil exports to its single biggest buyer ...

NEW YORK (Reuters) -Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group ...