OPEC member Venezuela last year produced more than 2 million bpd.
Read More »South Korea Gets US Exemption on Iran Crude Oil Imports
South Korea has been granted a waiver from US sanctions on Iranian oil.
Read More »Brent to Hit $80 before Year-End
The most crucial difference between Goldman and some other forecasters is the confidence in emerging market demand.
Read More »Study of US Oil Waivers Shows Market Needs Iranian Crude
The US sanctions were re-imposed on Tehran following the withdrawal of the United States from the Iran nuclear deal in May.
Read More »Turkey has not Received Notification Regarding Iran Sanctions Waiver
The U.S. government has agreed to let eight countries keep buying Iranian oil after it reimposes sanctions on Tehran from next week.
Read More »Crude Oil Is Doing Something It hasn`t Done in Years
Fears of a global economic slowdown could be behind the rare move.
Read More »OPEC’s Output Highest since 2016
OPEC agreed in June to pump more oil after pressure from U.S. President Donald Trump to curb rising prices.
Read More »Novak Prepares Draft Plan on Taking Account of Oil Fields
Russia has planned to take account of oil fields. develop their yield evaluation and revise the existing incentives for oil fields.
Read More »Iran Sells First 280.000 Barrels of Crude on Exchange
The energy exchange. last used four years ago amid UN sanctions. was revived earlier this month.
Read More »Oil Glut Is a Snapshot in Time
Trump is focused on building a pipeline infrastructure in the Permian Basin. the third-largest oil field in the world.
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