Energy Policy

Washington has warned other countries to end business in Iran and stop buying its oil from early November or face punitive measures.

Iranian officials have said that key for them is to ensure measures that guarantee oil exports do not halt.

Iran is OPEC'.s second-largest crude exporter with more than 2 million barrels a day.

Rising gasoline prices could create a political headache for Trump ahead of the November elections.

Trump said in a tweet on Saturday that Saudi Arabia’s King Salman bin Abdulaziz Al Saud had agreed to produce more oil.

Statement doesn’t confirm Trump tweet that King Salman ``agreed.``

In China'.s case. the Iranian crude oil is essential.

US president says convinced Salman to raise output by as much as 2 million bpd.

The state-owned company is looking at both shale and conventional resources in the US.

Nasser said oil demand is rising by 1.5 million to 1.7 million barrels a day and will be ``healthy`` next year.