Energy Policy

Iran will not take part in any cuts while there are U.S. sanctions on its oil.

The mechanism is part of the EU’s efforts to encourage Iran to remain in the nuclear deal.

OPEC said it remains fully committed to achieving and sustaining balance and stability in the market.

Consensus within the OPEC non-OPEC coalition is growing for a cut.

Russia has for years been cooperating with OPEC. helping to engineer a rebound after a 2014 oil price slump.

A decision on the production policy in 2019 can be reached at an OPEC+ ministerial meeting in Vienna on December 6-7.

The biggest boost to Saudi exports to China comes from contracts inked with new refineries starting up this year and next.

TurkStream is one of the vital energy projects for Turkey to become an energy trading hub.

Once the project is finalized. TurkStream will carry natural gas from Russia to Europe via Turkey. bypassing Ukraine.

US President Donald Trump has repeatedly blamed OPEC for rising oil prices.