Tag Archives: Venezuela

The US sanctions against Venezuelan President Nicolas Maduro is an attempt to oust the ".unpleasant". for Washington leader.

Venezuela is a key source of heavy sour crude supplies for U.S. refiners.

The U.S. Treasury Department will issue a sanctions announcement later on Wednesday.

OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018.

EIA’s forecast for 2018. in contrast. increased compared to the previous outlook. when it was at 40.2 million barrels per day.

Russia’s Energy Minister Alexander Novak said last week that it is too early to talk about an extension.

Repsol has been actively exploring in Alaska since 2008 and has an additional presence in the Gulf of Mexico.

.Implementation of the output cut by OPEC and non-OPEC suppliers has positively influenced the prices

Trump’s goal may not be completely unobtainable as US oil production has been on the rise and signs point toward possible energy independence.

In November 2016. OPEC agreed to cut oil production by 1.2 million barrels per day to 32.5 million bpd.