opec

How the Iran sanctions drama intersects with OPEC-plus Major states buying oil from Iran are unlikely to heed the US call to drop imports; key allies want a waiver to avoid sanctions; OPEC, meanwhile, will have trouble boosting output in the short-term; the puzzle is not solved, but there are...

http://www.atimes.com/article/oil-and-gas-geopolitics-no-shelter-from-the-storm/ There could be widespread ramifications from US energy independence and looming US sanctions on Iran and Russia; states in Central Asia could be hit hard, as well as serious possible impacts on global oil production...

HONG KONG/BEIJING (Reuters) - China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency internationally. Shifting just part of...