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Trump Pressures will not Curb Oil Prices

Iran’s Minister of Petroleum Bijan Zangeneh says there is no spare capacity left for oil producers to pump more, dismissing US President Donald Trump’s pressure on OPEC to ramp up output to bring down prices.

‘Russia Standing by Iran’s Side as Sanctions Return’

Russia says it remains determined to continue cooperating with Iran even if new US sanctions are slapped against the country.

OPEC, Russia Rejects Trump’s call to Increase Oil output

Saudi Arabia – the biggest oil producer of the Organization of the Petroleum Exporting Countries (OPEC) – and biggest oil-producer ally outside the group, Russia, have jointly rebuffed a veiled request by US President Donald Trump to implement an immediate increase in their production of crude oil.

Iran Sanctions not Productive

Russia has described emerging US sanctions against Iran as ‘unproductive’ with the country’s top energy official warning that there would be consequences for the world should Iran’s oil supplies to global markets are halted due to the sanctions.

US Energy Chief Meets Russian, Saudi Counterparts before Iran Sanctions

US Energy Secretary Rick Perry will meet his counterparts from Saudi Arabia and Russia starting on Monday ahead of Washington’s renewed sanctions on Iran’s crude exports.

Iran, Russia Step up Energy Ties Amid West’s Sanctions

Russia and Iran have discussed energy cooperation between the two countries and through OPEC as part of their efforts to blunt the impact of Western sanctions.

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