International

China and India as two major importers of Iran'.s oil do not care about the US oil sanctions.

Oman posted double-digit fiscal and current account deficits over the past few years.

US oil producers likely to eye Indian market as tariff war with China escalates.

Haftar had claimed that oil money was being used to support terrorists.

OPEC and Russia and other producers last month agreed to add 1 million barrels to the market.

The cooperation deal envisages investments worth at least €3 billion ($3.5 billion) in the Greek market.

Production has plummeted by about 850.000 barrels per day (bpd) from little more than one million bpd.

Government working to negotiate with Trump administration to maintain relations with Iran.

The UAE’s foreign trade with China made up 14.7 per cent of the country’s foreign total trade in 2017.

The US ultimatum has also contributed to upward pressure on world oil prices.