Oil

Oil will remain the center of economic capability and economic development for decades to come.

China has decided to invest &.25 million to help slow the decline underway in Venezuela.

Kazakhstan keeps on increasing oil production despite its participation in OPEC+ deal.

North Korea has already exceeded the annual cap allowed for oil imports.

The Libyan National Army contends that some of the oil revenue flowing from the NOC to the Libyan government is diverted to fund rival militias.

Shipping to Iran and ports in the country are also coming under the US sanctions.

Iran has always been a reliable energy partner for India and others.

Iran has plans to counter U.S. President Donald Trump'.s threats to stop Iran'.s oil sales.

Libya’s national oil production fell to 527.000 barrels per day from a high of 1.28 million bpd in February following recent oil port closures.

According to IEA. Saudi Arabia will use its spare capacity which is predicted by as much as 2 million barrels per day.