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The European Union sent a letter to the US Treasury on June 4 asking for exemptions from sanctions.
Read More »Iran`s First Crude Shipment to Chile in 16 Years
Saudis Start to Rise Oil Output. Ahead of OPEC Meeting
Saudi Arabia and some other Persian Gulf producers recently favored the idea of increasing overall output by 300.000 to 400.000 barrels a day.
Read More »Nord Stream 2 Threatens European Cohesion
Nord Stream 2 is a pipeline for both Russian gas and Russian influence.
Read More »Venezuela to Issue 100 Mln Petro Cryptocurrency Units Worth $6Bln
Maduro plans to create four economic zones for working with Petro.
Read More »U.S. Crude Could be a Victim in Brewing Trade War
The U.S. is focused on a ".fair". trading relationship with China.
Read More »ExxonMobil Sees Russian LNG Plant`s Capacity at 6.2 Million T Year
The plant’s capacity also could be increased from planned initial volumes.
Read More »Iraqi Lawmakers Want Out Of OPEC Deal
Some new members-elect of Iraq’s parliament think that Iraq should be able to export as much crude oil as it wants.
Read More »US Asked OPEC to Raise Oil Output Due to High Gasoline Prices
The U.S. request was discussed at the meeting of the relevant ministers of Saudi Arabia. the United Arab Emirates. Kuwait and Oman in Kuwait this Saturday.
Read More »Oil Prices Rise amid Venezuela Export Concerns
Falling production from Venezuela has contributed to a rally in global oil price Brent to nearly $80 a barrel.
Read More »Will Saudi Arabia Listen To U.S. Demands For More Oil?
OPEC officials in Kuwait just a few days ago tried to hash out a strategy ahead of the June 22 meeting.
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