Before sanctions. the US used to be the largest buyer of Venezuelan crude.
Read More »Oil Prices Approaches $70 amid OPEC Supply Cuts
Venezuela'.s state-run energy company. PDVSA. kept oil exports near 1 million barrels per day in March despite US sanctions.
Read More »World`s Most Profitable Company in 2018
The company is preparing to raise debt in part to pay for the acquisition of a majority stake in domestic petro-chemical group Sabic.
Read More »Iran’s Oil Exports Drop Ahead of US Waivers Decision
Japanese refiners are unlikely to continue buying Iranian crude from April onwards.
Read More »ExxonMobil Faces European Parliament Ban after No Show at Climate Hearing
ExxonMobil would become only the second multinational to lose access to MEPs.
Read More »Egypt to Rejoin the LNG Exports Club
Egypt became a major consumer of the fuel in 2015.
Read More »OPEC has Helped U.S. Shale
The rebalancing of the global oil market was a work in progress.
Read More »US Pressures India to Stop Buying Oil from Venezuela
The Indian market is crucial for Venezuela’s economy.
Read More »EU Plans to Set Up Nuclear Security Center in Iran
The European Union plans to establish a nuclear security center in Iran.
Read More »India`s Upcoming General Election is Good News for the Oil Market
The largest democratic exercise on Earth is set to give the oil market a shot in the arm.
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