Iran Vows To Thwart US Sanctions By Allowing Private Sector To Export Oil

JUL 2, 2018 (BE2C2): Iran will allow private companies to export crude oil, part of a strategy to counter US sanctions, and is urging fellow OPEC members, including regional rival Saudi Arabia, not to break output agreements, state media and officials said on Sunday. Iran is looking at ways to keep exporting oil as well […]

Iranian Oil Production Not Impacted Despite Looming Sanctions Threat

JUN 11, 2018 — With sanctions pressures looming over Tehran, production from OPEC’s third-largest producer, Iran, hasn’t yet been impacted, and may not significantly happen so. The Platt survey found Iranian oil production was steady at 3.83 million bpd, making it the third-largest OPEC producer behind Saudi Arabia, the top supplier, and Iraq. President Trump’s […]

Russia Says U.S. Sanctions Against It Could Be Seen As Treasonous

Sanctions from Washington reach deep into the Russian energy sector, which accounts for about a third of total Russian GDP May 23, 2018 — With its energy sector the target of U.S. sanctions pressure, a Russian legislator on Wednesday proposed making those sanctions synonymous with treason. Andrei Isayev, the head of legislation in the State […]