Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. SEE MORE India’s crude oil demand is forecast to grow to 500 million tonnes per year by 2040, but persistent increases in oil prices might act as a dampener for the rate of growth, Partha Ghosh, an executive director at Indian Oil Corp said on Tuesday. SEE MORE U.S. sanctions on Iran will tighten global oil supplies sharply until the end of the year, but a threat to world demand looms in 2019 from the U.S.-China trade war, the head of BP’s oil trading in Asia said. SEE MORE Viet Nam’s economy has a bright outlook in 2019 thanks to a stable macro-economy, according to the Ministry of Planning and Investment. SEE MORE Iranian ship brokers have doubled fertilizers freight rates for non-Iranian owned vessels sailing from Iran to China from October on the back of rising concerns about US sanctions, according to several sources on Thursday. SEE MORE