Tag Archives: Reuters International News Agency

The U.S. move increase the risk of conflict in the Middle East.

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

The bank still expects declining prices into 2020 due to better supplied markets next year.

South Korea is a major buyer of Iranian condensate.

Aramco is expanding its refining operations and petrochemical output.

The United States wants all countries to eventually cut their oil imports from Iran to zero.

The U.S. administration is preparing to announce an end to sanction waivers for countries importing oil from Iran.

Gas imports to Iraq from Iran will increase to 35 million cubic metres per day in June.

In March. Russia continued to gradually reduce oil production.

Russia’s crude oil production in April stood at 11.24 million barrels per day. still slightly off its promised level of 11.191 million bpd.