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In China'.s case. the Iranian crude oil is essential.
Read More »US Sanctions Iran. International Trade Suffers
Iran Asks OPEC Members to Abstain from Unilateral Actions
Iran had been pushing hard for oil producers to hold output steady as U.S. sanctions are expected to hit its exports.
Read More »Trump Convinced Saudi King to Ramp Up Oil Production
US president says convinced Salman to raise output by as much as 2 million bpd.
Read More »US Accept Oil Prices May Rise When Iran Sanctions Kick In
According to the Iranian Oil Ministry. Iran is currently exporting 2.5 million barrels of oil a day.
Read More »India OMCs. OVL’s Farzad-B to take hit
The sanctions are to be operational in November sans any exemptions.
Read More »Oil may Surpass $90pb if Iran`s Crude Exports Disrupt
US President Donald Trump sustained attempt to disrupt Iran’s oil exports would push crude prices above $90 per barrel.
Read More »Saudi Arabia Is Planning to Pump More Oil in July
State oil company Saudi Aramco is aiming to boost production next month to about 10.8 million barrels a day.
Read More »US Wants India and Allies to Stop Importing Crude Oil from Iran by November 4
A State Department official said the US will not be granting waivers under the new sanctions regime.
Read More »Big Oil CEOs Warn Trump Tariffs Hurting Oil Sector
The CEOs of the two largest U.S. oil companies said Tuesday that tariffs enacted by the Trump administration would slow growth in the U.S. oil and gas sector.
Read More »Novak. Munchin Discuss Sanctions. Russian Gas Pipeline Plans
Russia depends heavily on pipeline networks to get its energy production to European markets.
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