Tag Archives: International Monetary Fund (IMF)

Libya has northern Africa'.s largest proven reserves of oil - at 48 billion barrels.

As oil prices have headed south. Saudi Arabia said it would cut exports by 500.000 bopd next month.

Egypt is investing in a processing plant on the Red Sea that could produce some four million tonnes of petro-products a year.

Venezuela’s crude production could soon sink to below 1 million bpd.

Expensive energy is back and it is threatening global economic growth.

The IEA cut its estimate for global oil-demand growth for both 2018 and 2019.

Brent Crude prices have been holding above $80 a barrel.

Experts and analysts are skeptical that the Venezuelan cryptocurrency is really backed by oil assets and minerals.

Pakistan is importing about 110.000 barrels per day crude oil from Saudi Arabia

The financial crises in Argentina and Turkey have sent shivers through emerging markets.