By NEW YORK (Reuters) -Oil prices edged higher on Monday after Reuters reported that Russia would support stable oil output from OPEC+ ahead of a meeting with the producer group later this week.Slideshow Futures had fallen earlier in the session on news that a container ship in the Suez Canal blocking traffic for nearly a week had been refloated.Brent oil rose 26 cents to $64.83 a barrel by 1:08 p.m. EDT (1708 GMT). U.S. crude rose 47 cents to $61.44 a barrel.Russia will support broadly stable oil output by the Organization of the Petroleum Exporting Countries and allies including Russia...…By NEW YORK (Reuters) -Oil prices edged higher on Monday after Reuters reported that Russia would support stable oil output from OPEC+ ahead of a meeting with the producer group later this week.Slideshow Futures had fallen earlier in the session on news that a container ship in the Suez Canal blocking traffic for nearly a week had been refloated.Brent oil rose 26 cents to $64.83 a barrel by 1:08 p.m. EDT (1708 GMT). U.S. crude rose 47 cents to $61.44 a barrel.Russia will support broadly stable oil output by the Organization of the Petroleum Exporting Countries and allies including Russia...WW…

By * Tehran could send 2-3 tankers a month to Venezuela, sources say* Iran’s gasoline glut to continue even after coronavirus crisis* Venezuela-Iran trade angers U.S., which has sanctions on bothLONDON, June 15 (Reuters) - Iran could send two to three cargoes a month in regular gasoline sales to ally Venezuela, sources say, helping offload domestic oversupply but risking retaliation from U.S. President Donald Trump who has sanctions on both nations.Iran has since April sent five tankers totalling about 1.5 million barrels to the leftist government of fuel-starved Venezuela, though the...…By * Tehran could send 2-3 tankers a month to Venezuela, sources say* Iran’s gasoline glut to continue even after coronavirus crisis* Venezuela-Iran trade angers U.S., which has sanctions on bothLONDON, June 15 (Reuters) - Iran could send two to three cargoes a month in regular gasoline sales to ally Venezuela, sources say, helping offload domestic oversupply but risking retaliation from U.S. President Donald Trump who has sanctions on both nations.Iran has since April sent five tankers totalling about 1.5 million barrels to the leftist government of fuel-starved Venezuela, though the...WW…

By LONDON (Reuters) - At least a quarter of Iran’s oil rigs are out of action as U.S. sanctions strangle the Islamic Republic’s vital oil industry, according to a Reuters review of financial documents and industry sources, dealing a potentially long-term blow to its oil industry.The lack of rig activity could damage the OPEC member’s capacity to produce oil from older fields, which require continuous pumping to maintain pressure and output. That would make it difficult for Iran to raise production back to pre-sanction levels if tensions ease with the United States.The U.S. sanctions aim to...…By LONDON (Reuters) - At least a quarter of Iran’s oil rigs are out of action as U.S. sanctions strangle the Islamic Republic’s vital oil industry, according to a Reuters review of financial documents and industry sources, dealing a potentially long-term blow to its oil industry.The lack of rig activity could damage the OPEC member’s capacity to produce oil from older fields, which require continuous pumping to maintain pressure and output. That would make it difficult for Iran to raise production back to pre-sanction levels if tensions ease with the United States.The U.S. sanctions aim to...WW…