A US presidential memorandum unveiled this week aims at driving Iran’s oil exports to zero in order to force Tehran back to the nuclear negotiating table.
US President Donald Trump signed a directive reinstating a “maximum pressure” campaign on Iran but indicated some reluctance and talked of a potential deal.
Abu Dhabi's NOC has diversified and expanded overseas in the year and aims for more growth in chemicals and LNG this year, using its new XRG investment arm.
US President Trump’s shifting plans — including on North American energy — have left markets scrambling to digest the repercussions of a looming trade war.