Oil

OPEC agreed with Russia and other oil-producing allies last month to raise output from July.

The global oil and gas industry has significantly increased the pace at which new projects are brought to peak production levels.

The upcoming sanctions on Iran provide a golden opportunity to commercialize more U.S. oil in the Indian market.

Oil supplies from Iran should be completely stopped by October.

Production from an oil reservoir in the Kurdish north of Iraq has increased by more than 60 %.

Syria’s government and its President Bashar Assad rely on Russia to help it to restore its oil and gas sector.

This week. Iran filed a lawsuit against the US in the International Court of Justice over the re-imposition of US sanctions

India and Iran also had extensive deliberations on ways to deal with the impact of US sanctions.

The threat of further supply disruptions hasn'.t totally evaporated.

Last month. members of OPEC agreed to pump an additional 1 million barrels of crude daily.