Starting next October, the Organization of the Petroleum Exporting Countries (OPEC+) will increase production to 137,000 barrels per day, according to eight members at a virtual meeting last Sunday, September 7.
Thus, Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan,…
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Iraq
Venezuela signs cybersecurity agreement with 11 nations
During the 79th session of the United Nations General Assembly, a cybersecurity agreement was announced between Venezuela, Russia, Cuba, Iran, North Korea, Nicaragua, Belarus, Burkina Faso, Egypt, Iraq, Kyrgyzstan, and Laos.
The signing of…
Venezuela and Iraq agreed to strengthen agricultural and trade cooperation
In a recent meeting between the Venezuelan ambassador to Iraq, Arturo Aníbal Gallegos, and the Iraqi Minister of Agriculture, Abbas Jabr Al-Maliki, a memorandum of understanding was signed to strengthen trade cooperation between the two…
OPEC+ members agreed to increase production
The recent decision by eight OPEC+ members to maintain the increase in crude oil production in May led prices to extend their previous losses.
On Thursday, April 3, Russia, Saudi Arabia, the United Arab Emirates, Kuwait, Iraq, Algeria,…
Iraq will reduce oil exports to compensate for excess production
Iraq announced it will reduce its oil exports to 3.3 million barrels a day to balance any increase above its OPEC+ quota in January and February.
The announcement was made this Monday by the Iraqi Ministry of Oil, in line with the…
Commerzbank will close subsidiaries in Venezuela and Barcelona
Germany's second private commercial bank, Commerzbank, plans to close its branches in Barcelona (Spain) and Venezuela, and also sell its subsidiaries in Brazil and Hungary.
The measure is due to the results released by the entity in 2020…