Tag Archives: International Organizations

Moscow is better positioned to balance its budget at current levels than Saudi Arabia.

Venezuela'.s total crude output will fall to below 800.000 b d by the end of February.

Crude shipments to the U.S. from OPEC and its partners fell to 1.41 MMbpd in January.

Currently. Washington'.s sanctions apply only to US entities.

Trade and commerce with Iran is part and parcel of INSTEX.

Russia has been in full compliance with its pledge to gradually cut its oil production.

PDVSA and Maduro’s government could have a much harder time finding destinations for Venezuelan oil than first thought.

The Trump administration last week issued crippling sanctions on Venezuelan state-owned oil firm PDVSA.

Oil has rebounded this year as OPEC’s production cuts have taken effect.

In Europe. PDVSA trades with Spain’s energy major Repsol. commodity traders Trafigura and Vitol.