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"By comparison, Russian Federation and Saudi Arabia have maintained relatively steady crude oil production growth in recent years".

Iran seems to be struggling again from United States sanctions and despite major buyers announcement for their full compliance with Washington's will to fully stop any incoming Iranian oil, Tehran is starting to store oil in fleet of supertankers again as impending U.S. sanctions force the Gulf country to revive a strategy it deployed under previous curbs. The first row of new sanctions against Iran were put in place in August, while more hard-hitting sanctions against the country's energy sector will take effect on November 4.

Despite the disturbingly high number of terror attacks on French Jews in recent years, there will be little or no Jewish presence.

The build-up in Iranian oil supplies underscores the pressure that Iran is facing as Washington aims to bring Iranian oil exports down to zero to force Tehran to re-negotiate a nuclear deal.

Stephen Innes, head of trading for Asia-Pacific at futures brokerage Oanda in Singapore, told Reuters the inventory data showed "a much deeper drop than analyst's expectations".

US President Donald Trump has repeatedly urged the cartel to raise its production and said that other countries must stop buying oil from Iran or face US sanctions.

Earlier this week, USA light crude oil prices hit a high price of $70.50 per barrel.

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The pause in shipments to China has coincided with the return of Iranian oil stored on tankers close to the country's export terminals.

"We have a special relationship with both the USA and with Iran, and we are seeing how to balance this all, and also to balance out the interest of the refiners and end-consumers", said one of the government officials.

India was Iran's fifth major export destination in the five months, during which Iran mainly exported urea, methanol and liquefied propane to India.

Refiners in India, traditionally major buyers of Iranian crude, will cut their monthly loadings from Iran for September and October by almost half from earlier this year.

The National Iranian Oil Co and ENOC did not respond to requests for comment.

"In the meantime, traders have their hopes up that firmer details on production from OPEC and its allies will come out of the meeting among global producers".

International Olympic Committee would also lift 1 million barrel for its subsidiary Chennai Petroleum Corp in October, they said. London-based Energy Aspects consultants Amrita Sen and Michal Meidan said on 10 September that even if the kingdom has started the Khurais field expansion, which has a capacity of 0.3 million barrels a day, it's probably ramping up to that level only slowly. Energy Aspects see the world needing 33.5 million barrels a day of OPEC oil by then, in line with the group's own forecast. The refiners were asked by the petroleum ministry to brace itself for a "drastic reduction or zero" imports from Iran from November.


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