EghtesadOnline: O PEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of US sanctions on Iran and the crisis in Venezuela.
EghtesadOnline: The United States’ actions aimed at preventing the implementation of the 2015 nuclear deal are a source of concern for all parties to the agreement, a senior Russian diplomat said.
EghtesadOnline: The United States is likely to renew waivers to sanctions for most countries buying Iranian crude, including the biggest buyers China and India, in exchange for pledges to cut combined imports to below 1 million barrels per day.
EghtesadOnline: Iran recorded a $372.6 million trade deficit with the US in 2018, figures released by the United States Census Bureau show.
EghtesadOnline: A top US official discussed this week South Korea’s crude oil imports from Iran and urged Seoul to accelerate its oil supply diversification, S&P Global Platts reported on Thursday, quoting a diplomatic source.
EghtesadOnline: O il prices on Monday hit their highest levels since November last year, lifted by OPEC-led supply cuts, US sanctions on Iran and Venezuela, and hopes that the Sino-US trade dispute may soon end.
EghtesadOnline: The European Union and the bloc’s powers on Friday rejected an appeal by the US for Europeans to withdraw from the Iranian nuclear deal and join its “maximum pressure” drive against Tehran.
EghtesadOnline: Europe unveiled its long-awaited mechanism for facilitating trade with Iran by circumventing US global financial dominance on Thursday and the move received a mixed response in Tehran’s commercial corridors.
EghtesadOnline: At a private reception for diplomats on Wednesday, the UN nuclear chief strongly criticized efforts to hamstring his organization that has been at the forefront of nuclear security and verification of Tehran’s compliance with the international nuclear deal, according to two foreign officials present there.
EghtesadOnline: Iraqi President Barham Salih is set to travel to the United States at the head of a delegation to negotiate exemption from sanctions on Iran, as Baghdad is trying to balance its relations with Tehran and Washington.