Global Oil Supply in 2019 Make It Easier to Cut Iran Oil

The U.S. believes that global oil supplies will exceed demand next year making it easier for countries to cut Iranian oil imports to zero. a senior U.S. official said on Friday as Washington prepares to reimpose sanctions on Iran.

Brian Hook. the U.S. special representative for Iran. told reporters that Saudi Arabia had been “very helpful“ in bolstering oil supplies while the U.S. moved to reimpose sanctions against Tehran. He said Saudi Arabia had “successfully insulated oil“ from broader political issues linked to the killing of journalist Jamal Khashoggi.

About core

Check Also

Oil Prices Open 2026 Higher as Geopolitical Risk Rises

Oil prices inched higher in early Asian trading on January 2, the first trading session …

Leave a Reply

Your email address will not be published. Required fields are marked *