Oil

OPEC and its partners agreed in December to output cuts of 1.2 million barrels a day.

India is Iran’s second largest oil customer after China.

OPEC will not decide on output until late June when the group is due to meet.

Supply of oil in the stock market is in the frameworks of the Resistance Economy. outlined by the Supreme Leader.

The OPEC+ alliance feels that it’s still too early to assess how the end of the U.S. waivers for Iranian buyers will impact the oil market as of this month.

Upstream oil and gas spending in 2018 rose by nearly 4percent year-on-year to $477billion.

Investors are focusing on the US-China trade tensions.

China will increase tariffs on $60 billion of products imported from the US.

one of the two Saudi vessels attacked was on its way to be loaded with Saudi crude from Ras Tanura port for delivery to state-owned Saudi Aramco’s customers in the United States.

Only Iranian companies approved by the NIOC will be able to partake in Iraqi Oil Ministry projects.