Tag Archives: Sanctions

OPEC in recent months has been wracked with internal disputes.

A possibility of oil production cut in 2019 looms large as OPEC and its allies are expected to meet in Abu Dhabi.

Russian participation was key to helping OPEC rebalance the market during 2017-18.

The United States this month imposed sanctions curtailing Iran'.s oil exports.

U.S. lawmakers have been discussing extending sanctions on Russia to energy and oil projects.

Oil prices have come under downward pressure from rising supplies.

OPEC and Russia may use cuts to support $70 per barrel.

OPEC member Venezuela last year produced more than 2 million bpd.

China was given a waiver to import around 360.000 bpd from Iran during the exemption period.

South Korea is the world’s fifth-largest crude oil importer.