Tag Archives: Sanctions

The Turkish government has always disagreed with US-led sanctions on Iran.

Iran is likely to award up to five oil exploration and production contracts to local firms.

OPEC and its allies meet in June to decide whether to continue withholding supply.

Several geopolitical factors in the coming months could lead to higher oil prices than the current $71 a barrel Brent.

U.S. sanctions have removed 800.000 bpd of heavy crude from the global market.

India'.s waiver allowed the country to continue to buy about 300.000 bpd Iranian oil until early May.

The U.S. has been pursuing a policy of economic sanctions and diplomatic isolation against the Venezuelan government in support of the opposition leader Juan Guaido.

In 2018 OPEC+ decided to increase output at its mid-year meeting. only to return to production cuts in 2019.

Venezuela. plus Iran and Libya. were exempted from making voluntary curbs under the OPEC+ deal.

Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from US sanctions against the OPEC-member. four sources said.