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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.
Read More »U.S. Imposes Fresh Sanctions on 4 Venezuelan Companies. 9 Vessels
OPEC Could Raise Oil Output If Prices Increase
In 2018 OPEC+ decided to increase output at its mid-year meeting. only to return to production cuts in 2019.
Read More »Nord Stream Further Delays in Russia-Ukraine Gas Talks
Russia wants to ".hurt Ukraine.". and have ".a special relationship". with Germany.
Read More »Saudi Aramco Tends to Boost Its Refining Network by 2030
Aramco fully owns three refineries in Saudi Arabia and the Motiva Enterprises LLC plant in the U.S.
Read More »Poland Accuses Russia of Inflating Gas Prices
Poland is one of the largest buyers of Russian gas in Eastern and Central Europe.
Read More »Libya will Lose Oil Production if Fighting Continues
The EU issued an official statement urging the sides in the conflict to stop the violence.
Read More »Oil Market will Balance by Year-End
The UAE can raise production to 3.5 million barrels per day. only if needed.
Read More »Saudi Arabia. Bahrain habituated to following US: Iran
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.
Read More »Iran. Venezuela launch direct flight amid US sanctions
Iran’s second largest airline. Mahan Air. has launched direct flights to the Venezuelan capital Caracas. marking a further strengthening of bilateral ties as the US tightens sanctions screws on both countries.
Read More »US fines Standard Chartered $1.1bn over Iran transactions
London-based Standard Chartered has been fined $1.1 billion by US authorities for allegedly breaching sanctions against Iran and other countries.
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