Some new members-elect of Iraq’s parliament think that Iraq should be able to export as much crude oil as it wants.

Oil is the financial lifeline for the embattled socialist government of President Nicolas Maduro.

The U.S. request was discussed at the meeting of the relevant ministers of Saudi Arabia. the United Arab Emirates. Kuwait and Oman in Kuwait this Saturday.

Falling production from Venezuela has contributed to a rally in global oil price Brent to nearly $80 a barrel.

OPEC officials in Kuwait just a few days ago tried to hash out a strategy ahead of the June 22 meeting.

OMV is one of four Western partners to Gazprom’s Nord Stream 2 project to export gas to Western Europe through Germany.

TANAP will be laid from the Georgian-Turkish border to the western border of Turkey.

Maduro called for an ".economic counteroffensive". against the U.S.-led economic war that has seriously harmed the economy.

The United States has threatened to impose secondary sanctions on European companies doing business with Iran.

Russia’s plans to increase gas deliveries to Europe. including with the help of the Nord Stream-2 project. enjoy Austria’s support.