Tag Archives: Oil Minister

According to IEA. Saudi Arabia will use its spare capacity which is predicted by as much as 2 million barrels per day.

Trump’s order to OPEC members to increase production destabilizes the market.

Iraq’s oil minister said last month Iraq and Iran had not yet begun exchanging crude oil. for technical reasons.

Iran had been pushing hard for oil producers to hold output steady as U.S. sanctions are expected to hit its exports.

According to the Iranian Oil Ministry. Iran is currently exporting 2.5 million barrels of oil a day.

The US has told all countries. including India and China. to stop their oil imports from Iran by November 4 or face sanctions.

Iran had demanded OPEC reject calls from U.S. President Donald Trump for an increase in oil supply.

UAE supplies a small quantity of oil to India.

India is concerned that the rallying oil prices are hurting its economy.

The governments of Iran and Oman signed an agreement in 2013 for the construction of the 400-kilometre pipeline.