Tag Archives: Crisis

Japan would like to support the region with its advanced technologies.

Since last year. oil producing countries have cut back production in an attempt to offset dipping prices.

In the currency market. the euro bounced back from a low of $1.1646 touched on Friday to trade at $1.1685.

Concerns raised by the United States that oil prices were too high also made the exporting group start internal discussions.

Nicolás Maduro must address discontent and economic hardship in Venezuela.

Increasing authoritarian rule and mismanagement of the all-important state-run oil industry have caused a deepening economic crisis.

Venezuela'.s Nicolas Maduro won the presidential election for another six-year term.

OPEC’s own production was up slightly in April by about 12.000 barrels a day to 31.93 million bpd.

Oil ministers from OPEC and its partners meet on June 22-23 in Vienna to review the existing agreement.

The U.S. move threatens Iran with lower export income and less access to hard currency.