The Organization of Petroleum Exporting Countries (OPEC) published in its November report that Venezuela increased its oil production for the fourth consecutive month, achieving an average of 625,000 barrels per day, which represents an increase of 15,000 barrels per day, compared to the month of…
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Russia is the second largest oil supplier to the US
The United States' imports from Russia of crude and refined petroleum products increased 23 % compared to May to reach about 844,000 barrels per day. This is demonstrated by the information published by the Energy Information Administration…
Oil price rebounds and exceeds 40 dollars
The price of oil registered a further increase, thus reaching its highest level since the beginning of March, just before the pandemic spread massively in Europe and the 'black gold' registered negative prices for the first time in its…
Venezuelan crude oil prices continue to decline
According to the Ministry of Petroleum, Venezuelan crude averages 57.36 dollars or 404.42 yuan so far this year. Also, the exchange rate offered by the ministry for this week's calculations was 7.05 yuan for every U.S. dollar.
In 2017…