The sanctions aim to freeze sale proceeds from PDVSA’s exports of roughly 500.000 barrels per day (bpd) of crude oil to the United States.
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In late 2017. the kingdom announced plans to build the US$500 billion NEOM mega city in the northern Red Sea.
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Maduro and the Venezuelan people are resisting this coup attempt by the interventionist North American country.
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US crude oil imports averaged 7.1 million b d. down from the previous week.
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Iran is implementing its nuclear-related commitments under the JCPOA.
Read More »Too Early to Assess Impact of U.S. Sanctions on Venezuela
The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA.
Read More »Oil prices steady. Concerns Rise over Supply Disruption
The sanctions aim to freeze sale proceeds from PDVSA’s exports of roughly 500.000 barrels per day of crude to the United States.
Read More »Saudis Pledge Deeper Oil Cuts in February under OPEC+ Deal
Saudi Arabia'.s voluntary limit under the December cuts deal with Russia and other producers was 10.33 million barrels a day.
Read More »Venezuela`s PDVSA Orders Prepayment for U.S.-Bound Oil Cargoes
Venezuela exports about 500.000 barrels per day (bpd) of crude to the United States.
Read More »Total`s New Discovery in UK North Sea
The discovery in Glengorm follows Total Energy’s success at the Glendronach field in the North Sea.
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