Tag Archives: International Organizations

Only a few days is left before the unveiling of a big decision which will mostly determine the future of oil market in the upcoming year.

Iran waited for more than a year after the US pullout. but the path to dialog and diplomacy still remains open.

OPEC'.s ministers will meet in Vienna on December 5 and the wider OPEC+ group will meet on December 6.

Most of Iran’s trade through the Caspian Sea is processed via the western and central coasts of the enclosed body of water and in the provinces of Gilan and Mazandaran.

The IPO will be priced on Dec. 5. the same day OPEC meets in Vienna. The OPEC+ grouping holds talks on Dec. 6.

OPEC+ oil exporters have coordinated output for three years to balance the market and support prices.

The newly-appointed head of EU foreign policy. Josep Borrell. said the European Union has the greatest interest in the survival of the Iran nuclear deal.

The statement by the three major European states entitled the E3 statement on Iran and INSTEX available on the website of the UK government.

European countries will do nothing for the INSTEX without entering into a reasonable trade with Iran in various fields.

Any expectations that OPEC and its partners will make deeper cuts to oil production have all but evaporated.