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The higher the price goes in the short run the more difficult it will be to return the oil taken off the market.

Other analysts say the actions by MBS could undercut one of his own top priorities.

The US had sought to persuade India to secure its future energy supply using an alternative TAPI pipeline.

US tight oil production has exceeded previous growth expectations and is currently forecast to contribute to a rise in overall US liquids by some 0.6 mb d in 2017 and then 0.9 mb d in 2018.

Oil demand could peak in the 2030s if the electric car boom proceeds as promised by the world’s green energy innovators. according to OPEC.

Iran'.s petrochemical production plans and the idea of creating a fleet of tankers specifically for petrochemical products make more sense.

Russia intends to build a trans-Azeri pipeline to Iran. which will not only strengthen bilateral Russian-Iranian relations and their trilateral expansion with Azerbaijan.

Iran was Japan'.s fifth oil supplier after Saudi Arabia. the UAE. Kuwait and Qatar. with a share of 6.8 percent in September 2017.

Ukrtransgaz runs not only Ukraine’s network of pipelines. but also spacious gas storage facilities.

Total has a very strong presence in the Middle East. with operations in Saudi Arabia. the UAE. Qatar. and. from this year. Iran.