Tag Archives: Sanctions

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

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

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

The Trump administration has said there are more than 50 foreign companies that have withdrawn their business from Iran.

US tariffs of 25 percent on $34 billion of Chinese imports took effect on July 6.

The US has repeatedly urged European countries to not participate in Nord Stream 2.

Russia is keen to press ahead with the Nord Stream 2 pipeline since it has the potential to double its gas exports under the Baltic Sea to Germany.

South Korea’s crude imports in the first six months of this year were 74.11 million tonnes.

OPEC is a 14-country oil cartel. which includes Nigeria.

Novak said higher crude prices this year would add 2.5 trillion roubles ($40.14 billion) to state coffers this year.