Tag Archives: International Organizations

China and India as two major importers of Iran'.s oil do not care about the US oil sanctions.

U.S. crude exports have surged since the nation lifted all restrictions on overseas shipments in late 2015.

According to IEA. Saudi Arabia will use its spare capacity which is predicted by as much as 2 million barrels per day.

Oman posted double-digit fiscal and current account deficits over the past few years.

U.S. crude oil is not on the list of 545 products the Chinese government has said it would immediately retaliate with in response to American duties.

US oil producers likely to eye Indian market as tariff war with China escalates.

Haftar had claimed that oil money was being used to support terrorists.

Washington has warned other countries to end business in Iran and stop buying its oil from early November or face punitive measures.

The development builds on discussions during a climate summit in Paris last year.

OPEC and Russia and other producers last month agreed to add 1 million barrels to the market.