Tag Archives: Oil Minister

The U.S. seeks to reduce Iranian oil exports to zero even for a month.

Iran argues one member has no right to steal the quota of another.

OPEC and its non-OPEC allies will gather in Algeria over the weekend to review compliance with existing cuts.

Cyprus and Egypt are planning to link Aphrodite with the Egypt liquefaction plants in Idku and Damietta.

Saudi Arabia has made the mistake of trying to compensate for the loss of Iranian supplies with just-in-time replacement.

In the near-term. the US seems to be counting on Saudi Arabia and Russia. along with American shale drillers. to offset the losses from Iran.

Russia’s output increase comes just days before it meets in Algeria with other members of the group known as OPEC+.

Two OPEC members are looking to damage the group and undertake policies against Tehran for the US.

Iraq had oil reserves of 153 billion barrels as of last year.

Venezuela. which pumped 1.22 million b d in August. could see output fall to 1 million b d in 2019.