On Monday, OPEC and non-OPEC oil-producing countries (OPEC+) confirmed that they will increase their joint production by 400,000 barrels per day in November. They left unchanged their plan to increase supplies progressively. It was announced by the 23 member countries of the alliance in their final declaration. They also decided …
Read More »China Dominates Global Wind Power Industry
The Global Wind Energy Council (GWEC) published a report showing that China broke the world record for most wind power capacity installed in a single year in 2020, with 52 gigawatts (GW) of new capacity — doubling the country’s annual installations compared to the previous year. “The incredible and rapid …
Read More »OPEC’s Oil Revenues Fell by 18% in 2019
The Organization of Petroleum Exporting Countries (OPEC) Tuesday announced that 13 member nations lost 18 percent of their income in 2019 due to both the fall in oil prices and the loss of markets. According to OPEC’s Annual Statistical Bulletin data, the most affected countries were Iran and Venezuela, which …
Read More »Russia Rejects US Sanctions against Rosneft Trading S.A
The U.S. special envoy for Venezuela Elliott Abrams said his government would soon apply more sanctions against Caracas.
Read More »New Blockade of Iran Could Increase Oil Prices Across The World
Analysts criticized the end to the exemptions. which would hit Asian buyers the hardest.
Read More »John Bolton Admits US Support of Illegal Coup Is about Oil. Not Democracy
Maduro and the Venezuelan people are resisting this coup attempt by the interventionist North American country.
Read More »Chinese Bank Approves US$5Bn Loan for Venezuelan Oil Development
These funds will allow Venezuela to upgrade the development of its key industry.
Read More »Maduro Accuses US of Infiltrating State Oil Company
Maduro called for an ".economic counteroffensive". against the U.S.-led economic war that has seriously harmed the economy.
Read More »Venezuela`s Maduro Appoints New Oil Minister in Fresh Era for PDVSA
Maduro affirmed that the year 2018 will be a break from the oil model towards other economic sectors.
Read More »`Trump Talks Too Much`: Iran Shrugs Off Oil Boycott Threat
Iran'.s oil exports have nearly doubled since January 2016.
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