Oil

Currently. non-OPEC supply outages are at a 15-month high of 730.000 barrels per day.

Trump has threatened that anyone trading with Iran will not do business with America.

OPEC and its allies agreed in late 2016 to cut output from 2017 by around 1.8 million barrels per day (bpd) versus October 2016 levels.

OPEC-member Iran has exported around 2.5 million barrels per day of crude oil so far this year.

Tehran embraces expanding relations and cooperation with Seoul in different domains.

Italy’s Eni Company is the winner of 39 oil wells in Iraqi Basra and Zubayr regions.

Norway’s leading industry has been on the mend for the past two years after a 2014-2016 downturn.

Most of the oil production growth of the United States comes from the Permian Basin.

Non-oil exports from Iran’s South Pars. the world’s largest gas field. rose 23 percent over the past year.

According to analysts. Iran’s crude oil exports have fallen sharply due to US sanctions.