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 voluntary cuts of the OPEC+ group of oil-exporting countries.
The…
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Iraq
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…
OPEC rises daily production to 322,000 barrels
The Organization of the Petroleum Exporting Countries (OPEC) recorded an increase in its daily production of 322,000 barrels, as a result of the truce reached in Libya.
The 13 countries that make up OPEC produced 24.386 million barrels per…
OPEC and allies consider applying more production cuts
Iraq and Nigeria are among the nations that have not properly complied with the commitment to reduce crude oil supplies, according to an agreement forged to direct barrel prices in the international market agreed in OPEC.
For its part,…