According to IEA. Saudi Arabia will use its spare capacity which is predicted by as much as 2 million barrels per day.
Read More »5 World Powers Back Iran`s Oil Exports Despite US Sanctions Threat
Washington has warned other countries to end business in Iran and stop buying its oil from early November or face punitive measures.
Read More »Iran Increases Gas. Crude Exports in June
Total Iranian oil and gas exports reached 2.2 million barrels of crude and 330.000 of condensates a day in June.
Read More »Iran Petrochem Output Reaches 13 Million Tons in Q2
The country’s 57 petrochemical complexes produced over 13.2 million tons between March 21 and June 21.
Read More »Merrill Lunch: If US Eliminate Iranian Oil Export. it could Spike to $120
OPEC and Russia and other producers last month agreed to add 1 million barrels to the market.
Read More »Iran`s Oil Minister Hits Back at Trump over Production Demands
Trump’s order to OPEC members to increase production destabilizes the market.
Read More »EU Tries to Save Iran Nuclear Deal
Iranian officials have said that key for them is to ensure measures that guarantee oil exports do not halt.
Read More »Iran may Lower Scale of Its Cooperation with IAEA
Iran'.s nuclear activities have always pursued peaceful purposes.
Read More »South Korea Sends Delegation to Iran ahead Resumption of US Sanctions
Government working to negotiate with Trump administration to maintain relations with Iran.
Read More »Iran Says Trump`s Tweets have Added $10 to Oil Prices
Trump was trying to intensify tensions between Iran and Saudi Arabia.
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