Tag Archives: Sanctions

U.S. crude oil production has climbed by almost a third since mid-2016 to around 11 million barrels per day.

There’s a strong challenge for the key producers to increase production and comfort the markets.

OPEC agreed in June to boost supply to make up for the expected disruption to Iranian exports.

Global supply next year could be helped by Brazil. Kazakhstan and the United States.

Iran’s oil exports could fall by as much as two-thirds due to the sanctions. straining oil markets.

Washington is pushing allies to cut imports of Iranian oil to zero.

Expensive energy is back and it is threatening global economic growth.

Russia’s natural gas is more competitive. according to the chairman of the Energy Committee of the Russian parliament. Pavel Zavalny.

Oil prices have been rising in recent months following the decision of the US president to reimpose sanctions on Iran.

Russian-Saudi-OPEC collusion reduced the slack in oil markets. and led to lower stockpiling of crude oil and petroleum products in 2017.