Russia can bring ``a couple of hundred thousand barrels`` in the short term.
Read More »Rouhani: US Sanctions are Economic War
Iranians has endured sanctions before and ".can overcome this difficult phase as well.".
Read More »Trump Fuels SPR Oil Sale Speculation
SPR releases are a short-term solution but they do buy some time for OPEC countries to bring additional spare-capacity on line.
Read More »Vitol will Stop Business with Iran after U.S. Sanctions Start
Some traders are forecasting that the sanctions could remove up to 1.5 million barrels per day of crude from the market.
Read More »Oil Hits Four-Year Peak after OPEC+ Shows No Sign of Turning on the Taps
The United States will target Iran’s oil exports with sanctions from Nov. 4.
Read More »Russia Ready to Finance Nord Stream 2 in Event of US Sanctions
The project has acquired full authorization for construction and operation from Germany. Finland and Sweden.
Read More »Iran Letter Reaffirms OPEC Divisions before Meeting
Iran argues one member has no right to steal the quota of another.
Read More »Russia`s Surgutneftegaz Seeks Dollar Alternative amid US Sanctions Threat
Russia has been subject to Western sanctions since its 2014 annexation of Ukraine´s Crimea region.
Read More »Iraq Oil Exports from South Close Hits Record
Crude oil exports from southern Iraq are close to a record-high so far in September.
Read More »Iran won’t Let OPEC Boost Production
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.
Read More »