European energy companies wrote ‘love letters’ to Iran over the last year but failed to commit. [Article Behind Paywall]   Read Article    +

Oil prices clocked up more multi-year highs on Thursday as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market.   Read Article    +

The oil price rose on Thursday and was set for its largest weekly increase in a month, as the market prepared for potential disruption to crude flows from major exporter Iran in the face of U.S. sanctions.   Read Article    +

Japan’s biggest energy explorer, Inpex Corp, said on Thursday it may drop its second attempt to join in developing Iran’s South Azadegan oilfield after U.S. President Donald Trump said he will re-impose sanctions on Tehran.   Read Article    +

Asian jet fuel buyers are paying the highest premiums for this time of year in 10 years as new and expanded airports in the region push its consumption to new highs.   Read Article    +

Indian oil companies importing from Iran, especially Oil and Natural Gas Corporation Ltd. and Essar Oil Ltd., could be hit by the U.S.’ decision to impose financial sanctions on Iran, said Fereidun Fesharaki, chairman of global oil and gas consult...  +

The international nuclear agreement with Iran might not be the only deal U.S. President Donald Trump has unraveled.   Read Article    +

Americans are shelling out more money at the gas pump just as the summer driving season is about to heat up.   Read Article    +

Oil pared heavy losses on Tuesday after Donald Trump confirmed the US was withdrawing from the Iran nuclear deal, saying the country would impose the “highest level” of sanctions against the Opec member and its energy industry.   Read Article    +

Iran's oil exports accelerated to a recent record in April, indicating Tehran is seeking to maximize revenue ahead of the U.S. President Donald Trump's upcoming decision on the 2015 nuclear deal and the possible re-imposition of sanction...  +