Oil

Russia has been in full compliance with its pledge to gradually cut its oil production.

In November 2018. US granted exemptions to eight countries including South Korea to import Iran oil.

Oil has rebounded this year as OPEC’s production cuts have taken effect.

The U.S. sanctions on Venezuela will limit oil transactions between Venezuela and other countries.

OPEC forecasts India'.s crude oil demand will expand to 5.8 million barrels per day by 2040.

The project to organize the port of Bandar-e Mahshahr is aimed at increasing the port’s export capacity to 40 million tons.

The industry has started to increase investments in deepwater after the downturn.

Oil Rises amid US Lower Imports. Venezuela Sanctions.

The sanctions aim to freeze sale proceeds from PDVSA’s exports of roughly 500.000 barrels per day (bpd) of crude oil to the United States.

Maduro and the Venezuelan people are resisting this coup attempt by the interventionist North American country.