Tag Archives: Sanctions

Real increase would be smaller than the nominal gain of 1 million bpd. meaning a compromise with Iran remained possible.

Zanganeh said that Iran would try to maintain its export levels in the face of US sanctions.

Most of the shortfall has come from Venezuela. where an economic crisis has savaged the nation’s petroleum production.

Falih said any raising of output would be measured.

Higher oil prices help U.S. shale producers.

OPEC members and independent producers will meet in the Austrian capital. Vienna. on 22 June to discuss a future production policy.

An oil production shortfall in Iran and Venezuela has changed the scenario for the two countries and members of the oil cartel.

China'.s aggressive riposte to Trump took some in the industry by surprise.

A tariff on oil may be a way for China to send a message to the Trump administration without incurring damage at home.

OPEC+ as the Saudi-Russia alliance is called are mulling an ".ease-off". of compliance.