Tag Archives: Sanctions

The European Union had earlier vowed resist US sanctions on Tehran.

The Iranian Oil Ministry called the US efforts to cut Iran oil exports a futile attempt.

The JMMC is chaired by Saudi Arabia and is due to meet next on Sept. 23 in Algeria.

Much will depend on the European Union. which has vowed to resist US sanctions on Iran.

Some believe that China’s move aims to keep oil as a bargaining chip for future negotiations on tariffs or Iranian sanctions.

At last month’s NATO summit in Brussels. President Trump caused a stir by claiming Germany was a ``captive of Russia.``

China'.s LNG import volume is soaring as it moves to fulfill growing domestic demand for gas.

Total had previously withdrawn from the field in 2009 because of sanctions.

In July. Venezuela’s oil production came in lower than PDVSA had targeted. according to Argus Media.

Iran’s output was the lowest since April last year at 3.75 million bpd.