Tag Archives: Donald Trump

Saudi Arabia is the only producer with significant spare capacity around 2 million bpd.

The US sanctions were re-imposed on Tehran following the withdrawal of the United States from the Iran nuclear deal in May.

In Asia. America’s closest allies Japan and South Korea have followed suit for now.

Washington had escalated its willingness to threaten sanctions in pursuit of its foreign policy goals in recent months.

The 15 countries in OPEC produced an average 33.31 million barrels per day in October.

A month later. Russia’s production alone hit another post-Soviet record of 11.41 million bpd.

OPEC agreed in June to pump more oil after pressure from U.S. President Donald Trump to curb rising prices.

US officials are lying to the world and the Americans about oil price.

After Gaddafi’s ouster. oil was intended to lubricate the reconciliation process.

OPEC has no capacity to compensate for a lack of oil output caused by the US.