Oil

The United States this month imposed sanctions curtailing Iran'.s oil exports.

U.S. lawmakers have been discussing extending sanctions on Russia to energy and oil projects.

EIA predicts that U.S. production will increase to 12 million barrels per day in the second quarter of 2019.

OPEC and Russia may use cuts to support $70 per barrel.

The next OPEC+ meeting is scheduled for 4 December.

The committee is away from its mission and for the same reason should be stopped.

China was given a waiver to import around 360.000 bpd from Iran during the exemption period.

South Korea is the world’s fifth-largest crude oil importer.

Saudi Arabia. the world'.s largest exporter. has claimed that it can respond to the Iranian shortfall.

Saudi Arabia is the only producer with significant spare capacity around 2 million bpd.