Tag Archives: International News Agency

Iran says it will continue taking steps to cease obligations under the nuclear deal. known as the JCPOA. in 60-day intervals.

The 24-member OPEC and non-OPEC alliance decided last year to cut production by 1.2 million barrels per day (bpd) from January 2019.

Oil demand growth will be ``significantly higher`` helped by a comparatively low base in the second half of 2018.

Russia highly appreciated the existing dialogue between Moscow and Riyadh and was committed to continuing to develop bilateral cooperation.

The OPEC+ joint ministerial monitoring committee. known as JMMC. meets on Thursday in Abu Dhabi on the sidelines of an energy conference.

The demand for OPEC crude will average 29.40 million barrels per day next year.

Spot gas prices in the EU have more than halved. falling from $250 per thousand cubic meters last autumn to $110-120 in summer 2019.

Iran’s current supplies of gas to Iraq are enough to generate around 22 terawatt hours (TWh) of electricity.

Rosneft has responded to the US statement about possible sanctions due to oil purchases from Venezuela.

The oil market has become highly sensitive to the US-China trade war.