Oil

Iranian Minister of Petroleum Bijan Zangeneh discussed topics regarding the upcoming OPEC meeting with his Russian opposite number Alexander Novak.

U.S. sanctions on Rosneft Trading SA threaten Venezuela’s ability to export oil. but pose only a limited threat to the Russian energy giant’s wider business.

The Iranian ambassador and permanent representative to international organizations in Vienna met with the OPEC secretary-general to discuss the oil market developments.

A senior Iranian industrial official says the country has indigenized manufacturing of over 70% of the equipment used in the petroleum industry.

The two sides(Iranian Envoy. OPEC Chief) highlighted sustainability of the oil market serving the interests of both consumers and producers.

That Iran’s oil exports increased from 0.9 mbd to nearly 3 mbd after the JCPOA is an indication of the fact that we smashed the sanctions.

Conflict in Libya that has led to a blockade of its ports and oilfields shows no signs of a resolution.

OPEC is to hold a meeting at the level of minister in Vienna. Austria. on March 5.

A five-day rally in oil prices ended as investors found new reasons to worry about how fuel demand will be affected by the impact of Asia’s deadly coronavirus.

The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA.