Tag Archives: Crisis

The government appears to be hoping the petro will offset a collapse in Venezuela’s currency.

Zohr was first auctioned back in 2012. but the discovery of the huge deposit of gas was only made in 2015.

Libya agreed its oil production would not exceed 1 mln bpd. and Libya said it would bring its output in line with the target next year.

GE shares were up 0.5 percent in premarket trade. However. the company’s shares have sunk 44 percent this year.

The Asian spot LNG curve. however. is in backwardation. meaning future prices are lower than prompt market levels.

The country consumes 1.4 million barrels of oil per day.

The region is seconds away from a full-blown catastrophe.

Turkmenistan has no access to open seas and its shipment of gas to international markets has to go through the neighbors.

The U.S. has for months insisted that more radical measures be taken against the North Korean regime.

Venezuela is ordering its embassies around the world to renegotiate rents at their diplomatic missions.