India’s oil imports from Iraq surge to record high
Due to higher imports from Iraq and Saudi Arabia, India’s overall imports from the Middle East rose to 16% in August from July
OPEC
Oil rises amidst Iran tensions
Tehran said on Sunday it will soon boost its uranium enrichment above a limit set by a 2015 nuclear deal, known as the JCPOA.
Russia and Saudi Arabia agree to oil production cut ahead of Vienna conference
The deal, which most OPEC members and Russia agree to, will extend cuts on oil production for another 9 months to stabilize the oil market
Photo: AP
New US sanctions imposed on Iran
“Sanctions imposed through the executive order … will deny the Supreme Leader and the Supreme Leader’s office, and those closely affiliated with him and the office, access to key financial resources and support,” Trump said.
India – Iran: Riding the crest of political commotion
Though the overall history of Indo-Iranian relationship is not dull and unsavoury yet there have been intermittent periods of closeness as well as of distancing from each other temporarily.
Saudi’s Falih says no OPEC+ output policy change until June
Along with China and the U.S., India’s expanding economy was driving global oil demand growth.
Image: GETTY