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EIA expects 2018 output at 10.7 million barrels per day. fractionally down from 10.79 million barrels projected last month.

The boat was carrying rice from Kuwait to Bandar Ganaveh when it sank near Norouz Oil Wells.

The nation is scheduled to hold general elections in February.

Iran mainly exported low-density oil. hydrocarbides and floorings to Afghanistan during the four-month period.

Russia. Saudi Arabia and others are raising their oil output by one million bpd to adversely affect Iran'.s oil exports.

Iran and Pakistan have already agreed to open up and review the gas sales- purchase agreement (GSPA) inked between the two in 2009.

Italy with 324.347 tons of imports worth $162.014.000 ranked first in terms of weight.

Maduro promised earlier this week to roll out a new plan to ease the economic crisis.

Oil output in the U.S. fell by 100.000 barrels a day to 10.9 million last week. according to the Energy Information Administration.

Saudi Arabia halted temporarily oil shipments through the lane on July 26 after attacks on two big oil tankers.