Tag Archives: Sanctions

The current trend in the market indicates that the OPEC'.s positive move on cutting the oil output was accepted.". the minister said.

South Korea’s crude oil imports from January to November inched up 0.6 percent from the year before to 131.23 million tonnes.

Hemmati announced on Tuesday that the country has launched mutual financial channels with a number of world states for money transactions to confront the US sanctions.

The UAE pumped 3.175 million bpd in October and boosted further its output in November by 71.000 bpd to 3.246 million bpd.

OPEC expects global oil demand to slow next year and sees little support from the economic backdrop.

Zanganeh said on Wednesday that the current volatility in the oil market is psychological.

Boroujerdi stressed the necessity of cooperation between Iran and North Korea in the face of US sanctions.

Washington had been pushing governments to cut imports of Iranian oil to zero.

Saudi Arabia shouldered most of the production cuts on the OPEC side.

President Rouhani said that Iran’s oil sales have been faring much better than how they did before sanctions.