Tag Archives: Sanctions

Saudi Arabia and its allies are now considering cutting output by 1 million to 1.4 million barrels per day.

As oil prices have headed south. Saudi Arabia said it would cut exports by 500.000 bopd next month.

The increase in the volume of this export will take place in several stages.

The sanction freezes any property or interests of the designated individual within the US or in possession of US citizens.

The US is now pumping an unprecedented 11.6 million barrel per day (bpd) of oil.

Iran began gas exports to Baghdad in June 2017.

Japanese refiner Fuji Oil is set to resume Iranian crude purchases after Japan received one of those waivers.

TurkStream is a transit-free gas export pipeline that will stretch across the Black Sea from Russia to Turkey.

Russia may launch settlements with Iran in national currencies in order to continue bilateral cooperation despite the US sanctions against Tehran.

US crude production reached another record last week. at 11.7 million barrels per day.