Tag Archives: Sanctions

The Saudis are working hard on the cut. But if Russia says no cut. then OPEC won'.t cut.

Iran will not take part in any cuts while there are U.S. sanctions on its oil.

Russia would eventually agree to cut its oil production.

The mechanism is part of the EU’s efforts to encourage Iran to remain in the nuclear deal.

Qatar has minimal spare capacity so its exit won'.t affect the volume of oil supply in the market.

Venezuela stopped sending its gold to Switzerland for processing last year to circumvent EU sanctions and turned to Turkey for the purpose.

Qatar has minimal spare capacity so its exit won'.t affect the volume of oil supply in the market.

China is now the world’s largest oil importer.

Despite the US sanctions. oil sales in this period will be more than a million barrels a day.

Europe needs an extended timeframe to implement its strategies for preserving Iran’s benefits from the 2015 nuclear deal.