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

The dollar. which is considered to be the international currency. becomes a risky tool for payments.

Total had previously withdrawn from the field in 2009 because of sanctions.

In July. Venezuela’s oil production came in lower than PDVSA had targeted. according to Argus Media.

Iran’s output was the lowest since April last year at 3.75 million bpd.

The Crystallex case has been closely watched by investors holding billions of dollars in Venezuelan bonds.

The world will need 32.05 million barrels per day (bpd) of crude from its 15 members in 2019.

The oil giant is an important source of energy for European states trying to reduce their dependence on Russia.

The latest threat from President Trump is to slap tariffs on US$200 million worth of Chinese goods.

The market seems to be inadequately prepared for a rapid loss of exports.

The United States hasn'.t been able to persuade China—Iran’s biggest oil customer—to reduce Iranian oil purchases.