Energy Policy

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.

The move marks a reversal for these companies - which did not join the Oil and Gas Climate Initiatives (OGCI) when it was set up in 2014.

On Saturday. Trump spoke with Salman about ".efforts to maintain supplies to ensure the stability of the oil market.

The US withdrawal from the JCPOA damaged the balance in the JCPOA.