Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

Russia has been a long-standing ally of Venezuela and has acted as a lender of last resort for Caracas.

Aramco'.s plan to buy a stake in Hyundai Oilbank can be seen as Saudi Arabia'.s move to secure its market share in South Korea.

Russia and Saudi Arabia have been steadily developing economic cooperation over recent years.

China is trying to stem the slowdown with aggressive fiscal stimulus measures.

The compliance with the agreed output cuts will be key to balancing the market in 2019.

China is among the countries that were granted a waiver from sanctions on Iranian oil imports.

Some energy industry officials are pressuring the Trump administration to hold off.

Iranian engineers have been. however. able. to meet the country'.s domestic engineering needs.

Venezuelan crude exports to the United States last year fell 15 percent to the lowest annual average in nearly three decades.

As the world’s top crude oil exporter. Saudi Arabia will not be giving away easily its crown and the geopolitical clout that comes with it.