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The CEO of French oil giant Total says he will attend a controversial business conference in Saudi Arabia this week.

There’s a strong challenge for the key producers to increase production and comfort the markets.

Washington is pushing allies to cut imports of Iranian oil to zero.

Oil prices have been rising in recent months following the decision of the US president to reimpose sanctions on Iran.

US President Donald Trump has pledged to bring Iran'.s oil imports down to zero.

The US energy giant is currently participating in just one major project – Sakhalin-1.

Turkey imported around 97.000 barrels per day of Iranian oil in August and 133.000 bpd in September.

India. the world’s third-biggest oil consumer. meets more than 80 per cent of its oil needs through imports.

It has been planned for Iran export to Iraq to reach $20b until the Iranian year 1404.

The meeting is about the possibility of further oil output regulation.