Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

The second round of embargo will be reimposed in early November with the aim of curtailing Iran'.s oil exports and shipping sectors.

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

A tariff war between China and the US may damage global trade but could benefit Gulf oil exports.

President Trump earlier this year announced the U.S. is re-imposing sanctions on Iran that will include Iranian oil sales.

Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries after Saudi Arabia and Iraq.

Short-cycle U.S. shale production is growing and will grow next year too.

Oil sanction is part of Trump'.s plan to pressure Iran to give more concessions than what were agreed upon in the JCPOA.

Saudi Aramco is moving steadily to build a world leading position in the downstream segment of the business.

In Japan. official data on Thursday showed a slowdown in export growth as well as a decline in crude oil imports.

Iran'.s oil production in July increased to 3.806 million bpd. a 4.000 bpd rise from 3.802 million bpd in June.