Energy Policy

The US has increased its own oil production and exports.

Russia’s natural gas is more competitive. according to the chairman of the Energy Committee of the Russian parliament. Pavel Zavalny.

Russian-Saudi-OPEC collusion reduced the slack in oil markets. and led to lower stockpiling of crude oil and petroleum products in 2017.

Global oil supplies had already become tight even before the decisions to cut production and embargo the United States.

Russia and Iran are in permanent contact which will help reinforcing cooperation in all levels of trade ties especially in energy sector.

Iran has sold Rials 422.3 trillion worth of crude oil in the five-month period. up Rials 78.7 trillion on the year.

Brent Crude prices have been holding above $80 a barrel.

Iran is expected to add a massive amount of pipeline to infrastructure across the Middle East in the coming years.

The planned listing of the world'.s biggest oil producer was to be the cornerstone of the kingdom'.s promised economic overhaul.

OPEC has been under fire by the US for not pumping more to bring down oil prices.