Tag Archives: Economy

OPEC member Venezuela last year produced more than 2 million bpd.

South Korea has been granted a waiver from US sanctions on Iranian oil.

The most crucial difference between Goldman and some other forecasters is the confidence in emerging market demand.

Unlike traditional oil. shale oil is more capital-intensive.

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

Fuel prices jumped 7% in the first half alone. more than double the overall rate of price increases.

Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC).

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

There is a great need for oil and gas nations to diversify their economy.

If New Delhi drops its oil imports from Tehran to zero. it will need to import more from other partners.