Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th and 29th OPEC and non-OPEC Ministerial Meetings and the decision to adjust upward the monthly overall production for the month of August 2022 by 0.648 mb/d.

Iran could increase production to levels before the sanctions, he said, without giving an estimate of current output.

The price of OPEC basket of thirteen crudes stood at $112.35 a barrel

Under the JCPOA between Iran the P5+1 group of countries (the USA, UK, France, Russia, and China plus Germany) Iran agreed to limit its nuclear development in return for the lifting of sanctions.

"Today, nobody is bothering who is buying what from where. We are quite happy to source from as far as we can," a leading Indian oil ministry source said.

The price of OPEC basket of thirteen crudes stood at $111.09 a barrel

"OPEC+ is not going to change the plans at this month's meeting," an OPEC+ source said. Four other sources made similar remarks.

The price of OPEC basket of thirteen crudes stood at $111.00 a barrel

The Persian Gulf state, one of the world’s top LNG exporters, will demand that EU nations sign long-term contracts,

The final boost will come in August. By then, OPEC+ will be running out of spare production capacity.

Qatar Energy (QE) has selected Eni and ConocoPhillips to partner on the 32 Mt/year North Field East (NFE) LNG project in Qatar.

The price of OPEC basket of thirteen crudes stood at $113.54 a barrel

The agreements cover a range of sectors, including renewable energy, green hydrogen, pharmaceuticals and e-commerce

The price of OPEC basket of thirteen crudes stood at $118.97 a barrel

The price of OPEC basket of thirteen crudes stood at $119.24 a barrel