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The U.S. sanctions on Venezuela will limit oil transactions between Venezuela and other countries.
Read More »Oil Hits $63 on Venezuela Sanctions. OPEC
India Surpasses China in Increasing Oil Demand
OPEC forecasts India'.s crude oil demand will expand to 5.8 million barrels per day by 2040.
Read More »Trump Uses Oil Sanctions to Force Maduro to Step Aside
Russian energy giant Rosneft has loaned more than $6bn to PDVSA.
Read More »Russia Needs Legal Guarantees from EU to Start Work on Turkish Stream
The pipeline’s offshore section is expected to equal about 910 km.
Read More »Iran Ready for Constructive Engagement with Europe
EU foreign policy chief Federica Mogherini has also welcomed the INSTEX.
Read More »EU will Try for Iran Taking Advantage of JCPOA Benefits
O'.Sullivan urges the US to respect the fact that Europe is still among signatories of the JCPOA.
Read More »US Gives Non-US Firms Three Months to Close PDVSA Deals
PDVSA uses naphtha from the US to thin its heavy crude so it can be shipped.
Read More »ExxonMobil among the Top Oil Explorers of 2018
In 2018. the US supermajor ExxonMobil drilled 2.7 net wildcat wells in Guyana.
Read More »Germany. France. UK to Set Up EU Channel for Transactions with Iran
The European transactions channel for Iran will be called INSTEX (Instrument in Support of Trade Exchanges).
Read More »Oil Rises amid US Lower Imports. Venezuela Sanctions
Oil Rises amid US Lower Imports. Venezuela Sanctions.
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