Oil Soars as Two Saudi Oil Tankers Among Four Attacked off UAE Coast

Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates, Reuters reports, with a total of four vessels being impacted by an attack.


End of U.S. Waivers on Iranian Oil Looms Large on Future OPEC Output Quotas, Jadwa Says

Organization of the Petroleum Exporting Countries along with Russia and its allies will curb oil output by a collective 1.2 million barrels a day.
A recently released report by Jadwa Investment examines the potential impact of the decision by the Trump administration to not extend all waivers on Iranian oil beyond May 2nd.
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