Oil

Iran expects further production cuts to be agreed at the next meeting of OPEC in December.

Russia has failed to meet its OPEC+ obligations for seven months this year.

The attracting crime of fuel smuggling out of Iran is being seriously fought. adding that his forces have confiscated nearly 7.8 million liters of smuggled fuel since the start of the local calendar year on March 21.

Benefitted from the most experienced and expert engineers. IOOC managed to repair the leakage in a 24-inch sea pipeline in Abouzar Oilfield. located at between 49 and 51 meters of sea depth without creating any pollution.

Saudi Arabia’s Energy Minister Prince Abdulaziz said his country is ready to make deeper cuts in oil output.

Oilprice has published a report on capabilities of Iran'.s oil and gas industries and some of the approached Tehran is using to foil US sanctions.

Syria is not considered a major oil producer.

Positive signs on the trade front combined with evidence of tightening U.S. crude stockpiles to drive a 4.4% gain in the Brent crude benchmark last week.

A surprise fall in both official U.S. crude inventories and gasoline stocks was supportive for oil overnight.