Tag Archives: Donald Trump

OPEC and its allies meet in June to decide whether to continue withholding supply.

The U.S. has been pursuing a policy of economic sanctions and diplomatic isolation against the Venezuelan government in support of the opposition leader Juan Guaido.

In 2018 OPEC+ decided to increase output at its mid-year meeting. only to return to production cuts in 2019.

Venezuela. plus Iran and Libya. were exempted from making voluntary curbs under the OPEC+ deal.

Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from US sanctions against the OPEC-member. four sources said.

Iran says Saudi Arabia and Bahrain are habituated to following their extra-regional master the United States. shortly after the two Arab states welcomed a decision by Washington to blacklist an Iranian military force.

At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.

The United States has already slapped Venezuela'.s state oil producer PDVSA with punitive measures.

IAEA inspectors have full access to all locations required to verify the deal'.s implementation.

The 36-inch diameter pipeline project is planned to begin at Hardisty in Alberta province.