Oil

The OPEC+ joint ministerial monitoring committee. known as JMMC. meets on Thursday in Abu Dhabi on the sidelines of an energy conference.

This project will open the door to provide employment opportunities for the Iraqi labor in Dhi Qar province.

The Iranian naval border guards detained several Filipino nationals in the country'.s territorial waters who were smuggling fuel from Iran.

China’s investment in Iranian oil and gas industry has been put at the focal attention amid trade war between China and US.

The US State Department is openly using organized crime tactics. including bribery and extortion. in an effort to bend Iran to its will after its allies refused to join a coalition to police the Persian Gulf.

Negotiations on Russia’s involvement in Iran’s oil projects would begin soon.

OPEC+ is expected to reaffirm its commitment to rebalancing the market at its September 12 meeting.

It has received backing from major companies including BP. Equinor. Shell. Siemens. Total and Wood.

Iranian Government Spokesman Ali Rabiyee downplayed the effects of US sanctions against his country. stressing that Iran has many options for exporting its crude.