The world’s biggest producer and consumer is considering reinstating output restrictions to avoid the return of a glut after it eased limits during winter. The National Development and Reform Commission may resume curbs that cap output at an equivalent of 276 days of capacity. Source: Bloomberg
French energy giant Total has officially quit its multi-billion-dollar gas project in Iran, Oil Minister Bijan Namdar Zanganeh said on Monday, following the reimposition of the first phase of US sanctions. Source: France24
Qatar and Turkey’s central banks have signed a currency swap agreement to provide liquidity and support for financial stability, Qatar’s central bank said on Sunday, days after Turkey’s Gulf ally pledged $15 billion in support. Source: Reuters
Iran told OPEC on Sunday no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil in the face of U.S. sanctions on Iranian oil sales. Source: Reuters
