Tag Archives: Sanctions

Despite the U.S. sanctions. Tehran has found some new ``potential`` oil buyers.

The second batch of US sanctions against the Islamic Republic took effect on November 4.

The Saudis curtailed production by 420.000 barrels a day to 10.65 million last month.

The exemption will allow Indian refiners to settle about $1.5 billion of outstanding payments to NIOC through direct rupee payments.

SPV is a financial mechanism that the European Union has proposed to facilitate trade with Iran.

The two countries on Nov. 2 signed a bilateral agreement to settle oil trades through an Indian government-owned bank.

Brent is set to enter 2019 below $54 per barrel and is expected to trend lower amid surging US supply.

The U.S. launched new sanctions on Iran’s petroleum sector on November 4.

Russia and Saudi Arabia were the world’s top two oil producers until this year.

Saudi Arabia was the No. 1 supplier to China for a decade up to 2016.