Tag Archives: International Organizations

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

Russia wants to ".hurt Ukraine.". and have ".a special relationship". with Germany.

The EU issued an official statement urging the sides in the conflict to stop the violence.

The UAE can raise production to 3.5 million barrels per day. only if needed.

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

The sudden risk to Libya’s oil supply comes at a time when the broader global oil market is tightening.

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’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.

London-based Standard Chartered has been fined $1.1 billion by US authorities for allegedly breaching sanctions against Iran and other countries.

The bond sale represents an alternate way for Saudi Arabia to raise money and diversify from oil.