Tag Archives: Sanctions

EU needs ``a financially independent sovereign channel`` in order to keep the Iran deal alive.

The U.S.’s international financial clout means EU efforts to get around sanctions are doomed to fail.

Buyers who defy the US sanctions risk having their banks frozen out of the American financial system.

Oil traders are looking at the evolution of the category 4 Hurricane Florence. which is expected to make landfall in the USA coast by Friday.

Despite the lower purchases. Iran remained the third biggest oil supplier to India in August.

Iran’s key customers in Asia—no.1 China and no.2 India—are not expected to cut off their imports of Iranian oil.

Russia could raise output by 300.000 bpd.

Libyan crude has been seen as an additional alternative to Iranian supplies.

Petrol futures jumped as much as 2.2%. to $2.0021 a gallon. on the New York Mercantile Exchange.

OPEC and non-OPEC technical committee will discuss proposals for distributing the additional oil-output amongst members.