Tag Archives: Iran

Iran told OPEC last month that no member country should be allowed to take over another member'.s share of oil exports.

This winter could turn out to be a hot one indeed for oil markets.

The Europeans and other signatories must work on compensating the US sanctions.

Trump’s efforts to cut Iran’s access to the global crude market has prompted Russia and Saudi Arabia to take the market hostage.

Saudi Arabia lifted output by 70.000 bpd to 10.42 MMbpd last month.

The US administration pulled out of the landmark 2015 nuclear deal with Iran on May 8.

The US is attempting to bring Iran’s oil sales to zero by imposing banking and transportation restrictions.

EU needs ``a financially independent sovereign channel`` in order to keep the Iran deal alive.

The gas condensate exports takes 9 percent and 11.23 percent share of Iran’s total exports in terms of weight and value.

The U.S.’s international financial clout means EU efforts to get around sanctions are doomed to fail.