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...On Wednesday, it reimposed sanctions on Venezuela, another member of the Opec cartel....
...Oil prices dropped following Angola’s decision to quit the Organisation of Petroleum Exporting Countries. Brent crude, the international oil benchmark, fell 1.9 per cent to $78.17 a barrel....
...Angola has said it is leaving the Organisation of Petroleum Exporting Countries in a blow to the oil cartel chaired by Saudi Arabia.The decision comes after the producer group lowered Angola’s oil output...
...The IEA report played down longer term supply concerns, saying that while the 22 countries in the wider Opec+ group had been cutting production, removing close to 2mn b/d from the market since the end of...
...US regulators have introduced a new point of tension in the federal government’s fractious relationship with the country’s oil industry, accusing one of the sector’s most outspoken executives of attempted...
...The prolific Permian Basin shale of Texas and New Mexico pumps more oil than Kuwait, Iraq or the UAE, three of Opec’s powerhouses....
...Earlier this month, the country joined the Opec+ group — which comprises the Organisation of the Petroleum Exporting Countries plus its allies — although Lula has insisted its status will remain that of...
...Curbing exports from Tehran will be difficult: the country is exporting more oil than at any time in six years, our energy editor Malcolm Moore reports....
...Oil prices have blown through analysts’ median forecast of $83 a barrel for this quarter, according to Bloomberg data, as global petroleum demand grows when the Saudi Arabia-led Opec+ alliance is constraining...
...Since ordering the full-scale invasion of Ukraine in February 2022, Putin has limited his travels to countries of the former Soviet Union, as well as China and Iran....
...Gideon Rachman: China badly wants to disrupt the unity of both Nato and the EU and each of the three countries Xi is visiting is seen as a potential lever to prise open the cracks in the west....
...of the American Petroleum Institute, an industry body....
...Six of these will produce more than 700,000 boe/d each — more than some Opec member countries....
...If Maduro needs evidence of the dire consequences of invading a neighbour, he need look no further than Russia, a fellow member of OPEC+....
...Malaysia recently obtained a ruling at the World Trade Organization on those rules, which criticised some of the EU’s approach....
...the World Health Organization and its allies want more from western governments distracted by elections at home and wars in Europe and the Middle East....
...These are small numbers by Opec standards, but Exxon’s production was a significant proportion of Equatorial Guinea’s total output of 52,000 b/d....
...Governments can’t even agree on what institution in which to have talks (the World Trade Organization’s too sclerotic, the OECD’s a rich-country club, the UN is, well, the UN)....
...“While production is up, it has nothing to do with anything that the Biden administration has pursued,” Mike Sommers, chief executive of the American Petroleum Institute, told the Financial Times....
...“We have been treated like people from an alien country,” said Manjeet Singh Ghumana, national president of the Bharatiya Khet Mazdoor Union, one of the farmers’ groups leading the protests....
...Putin enjoys warm relations with both the oil-exporting Gulf states, which have remained neutral over Ukraine since the full invasion of February last year....
...Last year, the IEA predicted demand for oil and gas would peak before the end of the decade, a forecast that has been disputed by the Opec+ producers group and by many oil majors, who do not expect demand...
...The reason for the IEA’s rather relaxed air is countries like Guyana, Brazil and even the US are all adding output, while big Opec members such as Saudi Arabia and the UAE also want to increase capacity....
...Opec+ is likely to do next....
...shipping services or insurance provided from countries in the coalition....
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