Tag Archives: Sanctions

Iran argues one member has no right to steal the quota of another.

Russia has been subject to Western sanctions since its 2014 annexation of Ukraine´s Crimea region.

OPEC and its non-OPEC allies will gather in Algeria over the weekend to review compliance with existing cuts.

Saudi Arabia has made the mistake of trying to compensate for the loss of Iranian supplies with just-in-time replacement.

In the near-term. the US seems to be counting on Saudi Arabia and Russia. along with American shale drillers. to offset the losses from Iran.

Saudi Arabia is expected to take the issue of balancing the market at the upcoming summit of OPEC.

Seeking to reverse a downturn in oil prices that began in 2014. OPEC. Russia and other allies decided in late 2016 to reduce supply.

For Iraq. which did $12 billion in trade with Iran last year. the impact would be particularly dire.

Russian oil producers are an attractive investment long-term because they have some of the lowest lifting costs globally.

U.S. President Donald Trump increased pressure on OPEC to ``get prices down now!``