International

The word out of Washington is that the United States is no longer looking at sanctioning Venezuela’s oil industry.

Oil prices have recovered and the country’s economic collapse has left it unable to capitalize.

China’s ties to Islamabad have deepened in recent years as Beijing has pledged to fund $57 billion in infrastructure as part of its Belt and Road initiative.

Iran'.s leaders have dismissed Trump'.s offer of talks. saying the US was carrying out ".psychological warfare"..

China has proposed import taxes of up to 25 percent on U.S. crude. as well as on liquefied natural gas and coal.

The U.S. is weighing case-by-case exemptions for some countries from the next set of sanctions.

Russia’s ability to increase its oil extraction on its current technological basis has been effectively depleted.

Nigeria is presently the fourth exporter of gas in the world.

Russia currently expects its oil production to stay at these high levels in the next five months.

The sanctions proposed against Russia’s energy sector could cause more damage. but the details remain unclear.