Donald Trump is betting that Saudi Arabia and other OPEC members make up for the shortfall.
Read More »Germany will Stand by Iran Nuclear Deal
US President Donald Trump last year pulled out of a landmark 2015 nuclear deal with Iran.
Read More »Iraq will Keep Importing Iran`s Gas. Power despite US Bans
Gas imports for the summer will temporarily increase to 35 million cubic meters per day.
Read More »No Country Allowed to Replace Iran in Oil Market
Iran will hold the US and those countries accountable for the negative consequences of attempts to chock Iranian oil exports.
Read More »Russia Stopped Oil Export to Europe Due to Contamination
Supplies of oil and refined products to the Polish market will be maintained from stockpiles until the situation is resolved.
Read More »Iraq has Enough Oil Capacity to Meet Customer Needs
IEA expects Iraq to add 1.2 million bpd in 10 years to reach 6 million bpd of production in 2030.
Read More »OPEC Decision to be Made After Reviewing Oil Prices
OPEC is set to meet on June 25 in Vienna to discuss extending the agreement to cut output by 1.2 million b d beyond the end of June.
Read More »End to Iran Sanction Waivers will Tighten Oil Markets in Short Term
The U.S. move increase the risk of conflict in the Middle East.
Read More »Turkey Rejects US Sanctions on Iran`s Oil
Turkey rejects unilateral sanctions and impositions on how to conduct relations with neighbors.
Read More »Japan Expects Little Impact from U.S. Scrapping Iran Oil Waivers
The United States reimposed sanctions on exports of Iranian oil last November.
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