Tag Archives: United States of America

The world’s second largest economy halted purchases of US crude in August for the first time since September 2016.

India has been lobbying hard to seek US sanctions waivers for the import of Iranian oil through Iran'.s Chabahar project.

The U.A.E. is committed to abiding by the sanctions and will look for condensate supplies from countries other than Iran.

The move marks a reversal for these companies - which did not join the Oil and Gas Climate Initiatives (OGCI) when it was set up in 2014.

Brent has risen by more than 20 percent from its most recent lows in August.

On Saturday. Trump spoke with Salman about ".efforts to maintain supplies to ensure the stability of the oil market.

The US withdrawal from the JCPOA damaged the balance in the JCPOA.

The United States is consulting with all of its friends and partners to discuss the implementation of the sanctions after the snapback.

SPR releases are a short-term solution but they do buy some time for OPEC countries to bring additional spare-capacity on line.

Some traders are forecasting that the sanctions could remove up to 1.5 million barrels per day of crude from the market.