Energy Policy

The Islamic Republic is close to a deal with Europe over oil sales.

Despite efforts to expand the economy. growth will remain under 2.5 percent during the next three years.

American LNG is facing strong competition from Russian pipeline gas.

Iranians has endured sanctions before and ".can overcome this difficult phase as well.".

SPR releases are a short-term solution but they do buy some time for OPEC countries to bring additional spare-capacity on line.

The United States began reimposing economic sanctions this summer.

LNG prices in Asia are likely to remain largely unaffected for now.

Saudi Arabia is expected to take the issue of balancing the market at the upcoming summit of OPEC.

In May.Trump announced his country'.s decision to leave the Iran nuclear agreement and reimpose sanctions against Tehran.

OPEC and non-OPEC countries aim to agree a framework for long-term cooperation by December.