French oil major Total will “abide by the US sanctions” and seek an early exit from its investment in Iran, according to a source familiar with the matter.   Read Article    +

The removal of U.S. crude from goods targeted by Chinese tariffs is a sign that America has become too big to ignore in the oil market.   Read Article    +

Thousands of people have rallied for a fourth day in Iran against soaring unemployment and a dramatic drop in the currency, as the country braces for the return of crippling US sanctions next week.   Read Article    +

One of the most promising emerging markets in Asia may be set to curb purchases of fuel from abroad, intensifying the hunt by sellers for new customers at a time when Chinese supplies are swamping the region.   Read Article    +

Brand-new supertankers are ferrying a rare flow of diesel from Asia to ports thousands of miles away in Europe as a surplus of the fuel from China scouts for a new home.   Read Article    +

Saudi Aramco, the world’s biggest corporate oil producer, will unlikely reduce its exports to the West following the suspension of its crude shipments through the Bab Al Mandeb strait in the Red Sea, in the wake of attacks on Saudi crude...  +

India's Hindustan Petroleum Corp (HPCL) cancelled the purchase of an Iranian oil cargo earlier this month after its insurance company refused to provide coverage for the crude because of U.S. sanctions, three sources with knowledge of th...  +

Turkey’s biggest oil importer Tupras has cut back purchases of Iranian crude since May, when the United States said it would re-impose sanctions on Tehran, and analysts say Tupras is likely to stick to lower volumes in coming months.   ...  +

Saudi Aramco is winning thanks to U.S. President Donald Trump’s trade war with China.   Read Article    +

China is eyeing closer ties with the UAE as the world’s top crude importer diversifies its oil and gas assets and navigates US tariffs, a slowdown of Iranian crude exports and a transition to a cleaner economy.   Read Article    +