Tag Archives: Persian Gulf

Referring to US new sanctions against Iran targeting eight high-level officials. China’s Foreign Ministry Spokesperson Geng Shuang said that China is against US unilateral sanctions on Iran.

Saudi Arabia’s energy minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels.

Oil headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated.

The foreign ministries of the Russian Federation. France and Britain said that they will remain committed to their obligations under the 2015 nuclear deal. known as JCPOA.

Qatar plans to boost its production capacity to 126 million mt p by 2027.

OPEC’s output declined last month as several Persian Gulf producers stepped up their implementation of cutbacks aimed at balancing global oil markets.

The U.S. assassination of one of Iran’s most powerful generals has the oil industry bracing for something it has long feared and anticipated.

Unlike the others who fuel insecurity and belligerence. Iran and Russia seek stability and security in the region and the world.

Iran continues to export oil. especially to China.

in a nine-month period as of March 21. 2019. some 64.337 tons of oil products have been exported from Bahonar port in south Iran.