OPEC+ can increase production to partially offset some of the volume losses from Iran, but spare oil production capacity would drop sharply, so oil could settle at around $100-$130/bbl,” Blanch ...

Crude oil had gained early in the day after Treasury Secretary Scott Bessent said in an interview that the Trump administration aims to squeeze Iranian oil exports down to 100K bbl/day as part of ...

Persian Gulf net oil exports to OECD countries increased slightly to 10.0 million barrels per day (bbl/d) in the first 9 months of 2000 from 9.8 million bbl/d for the whole of 1999. OECD oil ...

Also, the Trump administration said it was prepared to enforce US sanctions on Iranian crude production ... which currently stands at 395 million bbl but can hold a maximum of 700 million bbl.

EIA projects that global oil inventories will decline in second-quarter 2025, driven partly by reduced crude oil production ...

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and sanctions against Iran, Wood Mackenzie says. Front-month WTI crude oil futures are up 0.3% at $70.89/bbl; front-month Brent crude oil futures are 0.15% higher at $74.89/bbl. ([email protected]) ...