Oil

Iran'.s oil production in July increased to 3.806 million bpd. a 4.000 bpd rise from 3.802 million bpd in June.

The Iranian Oil Ministry called the US efforts to cut Iran oil exports a futile attempt.

The cryptocurrency was launched in February this year despite opposition from parliament.

OPEC expects that average oil production in Russia will be 11.15mn barrels per day in 2018 and 11.17mn barrels daily in 2019.

Some believe that China’s move aims to keep oil as a bargaining chip for future negotiations on tariffs or Iranian sanctions.

Iran’s output was the lowest since April last year at 3.75 million bpd.

The U.S. wants to cut Iran’s oil export.

As oil sanctions against Iran take effect. maintaining global supply might be very challenging.

The world will need 32.05 million barrels per day (bpd) of crude from its 15 members in 2019.

The market seems to be inadequately prepared for a rapid loss of exports.