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

Venezuela’s crude oil production dropped in June by 47.500 bpd from May. to average 1.340 million bpd last month.

Last month. members of OPEC agreed to pump an additional 1 million barrels of crude daily.

Earlier this month. Iran has cut electricity supplies to Iraq due to unpaid bill. affecting Iraq’s Dhi Qar. Maysan and Basra provinces.

Trump has said Putin is ``a competitor. and a good competitor he is.``

The risk that current trade tensions escalate further is the greatest near-term threat to global growth.

Venezuela now produces almost half of the oil it did two decades ago.

Analysts Forecast Most Constructive Oil Market in Years.

Saudi Arabia’s compliance with OPEC’s output-cut deal fell to 26 percent in June.

The United States holds a reserve of about 660 million barrels.

The Trump administration has said there are more than 50 foreign companies that have withdrawn their business from Iran.