Oil prices fell over 2 percent in Asian trade as a stronger than expected build in U.S. crude oil stocks fueled a rout in prices.» Read More
*Iran, global powers reached nuclear deal on Tuesday. *No big Iran export surge seen before 2016. Under the nuclear deal reached on Tuesday, sanctions imposed by the United States, the European Union and the United Nations are to be lifted in exchange for curbs on Iran's nuclear programme.
*Iran, global powers reached nuclear deal on Tuesday. *No big Iran export surge seen before 2016. SINGAPORE, July 15- Oil prices rose on Wednesday as investors recognized it would take time for Iran to ramp up oil exports after its nuclear deal with six world powers, although an ongoing global crude glut kept a lid on gains.
Global benchmark Brent crude gained 1.1 percent on Tuesday after news of the deal between Iran and six major powers to monitor the Islamic republic's nuclear programme in exchange for a relaxation of sanctions, including those on oil exports and investment. While movements in the front-month futures contract tend to be the focus of market reports, as far as...
Greg Smith, CEO of Global Commodities, expects oil markets to bottom soon after a $5 to $6 drop in the short-term.
Andy Lipow, President of Lipow Oil Associates, says 30 million barrels of Iranian oil could hit markets in the first quarter of 2016.
Oil prices fell on Wednesday as investors digested the likely impact of increasing Iranian fuel exports at a time of heavy oversupply.
*Iran, global powers reached nuclear deal on Tuesday. *But no sanctions relief seen this year for Iran. Under the agreement, sanctions imposed by the United States, the European Union and the United Nations are to be lifted in exchange for curbs on Iran's nuclear program.
Margaret Patel, Portfolio Manager at Wells Fargo Funds Management, says incremental supply from Iran is likely to be a catalyst for lower oil prices going forward.
Matt Smith, Director of Commodity Research at ClipperData, says sanctions against Tehran won't be lifted until December so until then, Iranian crude won't be hitting export markets.
A nearly doubling of the federal gas tax is needed to fix America's crumbling infrastructure, Rep. Rick Larsen, D-Washington, said Tuesday.
*Nuclear deal reached between Iran, global powers. NEW YORK, July 14- Stock markets worldwide rose modestly on Tuesday after a landmark nuclear deal between Tehran and six global powers left sanctions on Iran in place for now, spurring gains in energy shares, while expectations for weak corporate results capped U.S. share gains. The deal, which is set to ease...
Rep. Rick Larsen (D-Wash.) says raising the gas tax is one option to help fund America's crumbling infrastructure.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Iran's historic deal will pay dividends for its neighbors and will spur economic growth in markets the world over, says trader Naeem Aslam.
Iranian crude oil would have no "significant" effect on short-term prices, but could be a big deal years from now, one analyst said.
Discussing the agreement on Iran's nuclear program, with Helima Croft, RBC commodities strategist.
CNBC's Jackie DeAngelis reports on the day's reversal and a pop in oil.
Nat gas overtaking coal for power generation which means tough times for coal may be getting even tougher. CNBC's Morgan Brennan reports.
Fadel Gheit, Oppenheimer senior energy analyst, weighs in the Iran deal and how low oil can go.
International energy, financial and manufacturing firms all stand to gain from lifted Iranian sanctions.