Tag Archives: International Organizations

The two leading non-OECD oil markets. China and India. both remain on course to grow solidly this year.

At the last OPEC meeting in Vienna. the agreement was again extended until the end of 2018.

Bilateral trade between Canada and Saudi Arabia is worth more than $3 billion a year.

Russia has repeatedly denied claims that the nerve agent. Novichok. used to poison the pair was developed in the country or the Soviet Union.

In May. Trump announced that his country would unilaterally withdraw from the JCPOA deal.

As the row deepens. oil was bound to become the center of attention. albeit briefly.

U.S. sanctions on Iran could push oil prices up to $90 per barrel later this year.

Additional costs brought on by a no-deal Brexit would harm the region’s oilfield services exporters.

Currently. oil product exports are taxed on the basis of a percentage of the crude oil export duty. which is tied to the price of oil.

The word out of Washington is that the United States is no longer looking at sanctioning Venezuela’s oil industry.