Tag Archives: Market

Turkey is loath to buy more oil from Saudi Arabia and the United Arab Emirates as the U.S. looks to squeeze exports from Iran. currently the third-largest supplier of crude to the Middle East’s biggest economy.

South Korea is sending a delegation to the United States to seek an extension of waivers which Washington ended on Monday with the aim of bringing Iran’s oil exports to zero.

Tehran has lashed out at Saudi Arabia and Bahrain for supporting Washington’s termination of sanctions waivers for major Iranian crude buyers. saying the Islamic Republic would allow no country to replace it in the oil market.

Donald Trump is betting that Saudi Arabia and other OPEC members make up for the shortfall.

Iran will hold the US and those countries accountable for the negative consequences of attempts to chock Iranian oil exports.

Supplies of oil and refined products to the Polish market will be maintained from stockpiles until the situation is resolved.

The shift is driven by more favorable investment conditions in the Kurdistan Region of Iraq.

IEA expects Iraq to add 1.2 million bpd in 10 years to reach 6 million bpd of production in 2030.

Turkey rejects unilateral sanctions and impositions on how to conduct relations with neighbors.

The United States reimposed sanctions on exports of Iranian oil last November.