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    • Crude slides as Iran clinches historic nuclear deal

      Oil dropped on Tuesday after Iran and six global powers reached a landmark nuclear deal that would see an easing of sanctions against Tehran and a gradual increase in its oil exports.

    • Crude to trade in $90-105 range: IHS Global Insight

      Simon Wardell, crude and geopolitical specialist, director, IHS Global Insight, says that it appears that Syria political situation is moving closer to a resolution as the regime is weakening. Saudi Arabia is producing more than they had ever produced in the past so one can‘t expect more from OPEC states.

    • India & China to continue buying Iranian oil: IHS

      Oil prices have been moving upwards quite sharply due to increased and additional tightening of sanctions on Iran, though Simon Wardell of IHS does not anticipate a conflict at this stage.

    • Where is crude headed?

      With constant tension in Iran and the Strait of Hormuz, there is a constant upward rise in the crude oil prices says Simon Wardell, senior oil analyst of IHS CERA. Though Japan and Korea have lessened their import of Iranian oil, it still weighs as a huge factor to affect the Asian growth and thus the global growth of the world in general.

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