Global oil markets

EghtesadOnline: The United States in certain cases will consider waivers for countries that need more time to wind down imports of oil from Iran to avoid disrupting global oil markets while reimposing sanctions against Tehran, US Treasury Secretary Steven Mnuchin said.

EghtesadOnline: Global oil markets will continue to re-balance this year as a pick-up in demand from refiners absorbs record output from several Persian Gulf producers, the International Energy Agency predicted.