Social and Events

At the last OPEC meeting in Vienna. the agreement was extended again until the end of 2018.

Crude prices were under pressure after the US announced a fresh round of tariffs on $200 billion worth of Chinese goods Monday.

Japanese oil distributors are set to halt oil imports from Iran in light of the U.S. request.

Venezuela. which pumped 1.22 million b d in August. could see output fall to 1 million b d in 2019.

China remains Dubai’s top trading partner in 2017 with $48 billion in non-oil bilateral trade.

Trade between Turkey and Iraq has been interrupted many times due to problems in Northern Iraq with the Kurdistan Regional Government (KRG).

Iran’s key customers in Asia—no.1 China and no.2 India—are not expected to cut off their imports of Iranian oil.

Perry will be the most senior U.S. official to visit Russia since Trump met Russian President Vladimir Putin in Helsinki in July.

The two railways are part of a larger rail network which is to connect China to the Europe via Iran.

The topics of the meeting. first of all. include cooperation in the field of energy.