International

Saudi Arabia alone is spearheading three massive new projects offshore.

The oilfield deep in Libya’s south has been closed since December.

The flow has been discovered in CNOOC’s Bozhong 19-6 gas field.

The sanctions block all payments to PDVSA accounts.

Cooperation by Russia and Saudi Arabia on international energy markets will be continued.

Some traders say the decision was driven by pricing disagreements.

OPEC and its partners implemented a slightly different version of their supply-cut agreement in 2017-2018.

Saudi Arabia has signed an agreement to supply Pakistan with crude oil and petroleum products.

The steps are part of a wider effort by the United States to undermine Mr Maduro.

The US became the world’s largest crude producer last year.