Oil

Other OPEC countries have been increasing production in recent months.

Markets could still be underestimating the supply crunch from Iran sanctions.

The analysts at Goldman Sachs expect the OPEC producers and Russia to compensate for the drop in Iranian oil supplies.

The sanctions are expected to impact Iranian oil exports.

India’s refining capacity would increase to about 439 million tonnes per year by the financial year of 2030.

Saudi Arabia pledged in June to increase its crude oil production to help rein in prices.

The United States will target Iran’s oil exports with sanctions from Nov. 4.

The U.S. seeks to reduce Iranian oil exports to zero even for a month.

The Trump administration is pushing politics into the OPEC.

The OPEC monopoly must get prices down now!`` Trump wrote on Twitter.