Oil

Turkey imports 10 billion cubic meters of gas from Iran.

Iran told OPEC on Sunday no member country should be allowed to take over another member'.s share of oil exports.

President Trump earlier this year announced the U.S. is re-imposing sanctions on Iran that will include Iranian oil sales.

Iran and China. along with Russia and Turkey. are drawing closer due to the intertwined issues of geopolitics and energy.

The MOU provides for Chevron to conduct surveys and studies on oil sites.

Short-cycle U.S. shale production is growing and will grow next year too.

Over the past week Libya’s crude oil production has exceeded 1 million bpd for the first time since June.

Oil sanction is part of Trump'.s plan to pressure Iran to give more concessions than what were agreed upon in the JCPOA.

China and the United States have implemented several rounds of tit-for-tat tariffs on each others goods.

In Japan. official data on Thursday showed a slowdown in export growth as well as a decline in crude oil imports.