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Total pushed Brent above $80/bl

Total’s message on Wednesday that it will pull out of the Iranian South Pars project unless it gets a project waiver for US Iranian sanctions rolled on in the market yesterday…

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Heading for the $80ies/bl

It is difficult to assess exactly how renewed US sanctions towards Iran will play out given many moving parts. But it goes without saying that this is bullish for the oil market.…

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Donald D-Day in the oil market

As always it is very difficult to know what Donald Trump is going to do: Reinstate sanctions or not? And today at 2 pm Washington time (5 pm CET) we will know. European diplomats…