Energy News Beat Publishers Note (ENB): We have covered Iran’s oil production for a long time. They need cash, so they have been selling oil through “Spoofing and Doping” to get around the sanctions. With the new 25-year energy contract with China, they are emboldened to not need the U.S. at the negotiation table. This will impact oil supply and prices as China will be buying large amounts of oil outside the OPEC and OPEC + production quotas.
The United States is prepared to remove sanctions on Iran to resume compliance with the Iran nuclear deal, including those that are inconsistent with the 2015 pact, the U.S. State Department said on Wednesday, without providing details.
“We are prepared to take the steps necessary to return to compliance with the JCPOA, including by lifting sanctions that are inconsistent with the JCPOA. I am not in a position here to give you chapter and verse on what those might be,” State Department spokesman Ned Price told reporters. He was referring to the pact formally called the Joint Comprehensive Plan of Action (JCPOA).
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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