After Trump announced in May that the United States had withdrawn from the Iran nuclear agreement, sanctions on Iran were restarted. It also requires other countries to reduce Iranian crude oil imports, and even achieve zero imports of Iranian crude oil.
A Reuters survey of 46 economists and analysts showed that the average price of Brent crude oil futures in 209 is expected to be US$788 per barrel, higher than the September estimate of US$775. The average price of Brent crude oil for 208 years is expecte
OPEC oil ministers will meet on Friday to consider a substantial increase in oil production this year. The issue was proposed by Saudi Arabia and Russia, but was opposed by member states such as Algeria, Iran, Iraq, and Venezuela. The United States also r
Muratov stated that the United States is forcing as many countries as possible to abandon buying oil from Iran. However, Iran also made it clear that this time, it is determined to defend itself. The recent supply negotiations with India directly proved t
The U.S. Energy Information Administration EIA released a report on Wednesday May 6th, showing that as of the week of May Day, U.S. crude oil inventories decreased by 404,000 barrels to 2.4 billion barrels, a market estimate of a decrease of 70,000 barrel