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International Energy Agency (IEA)

Venezuela oil output plummets to 870,000 bpd on outages, sanctions

Abdulfatah Apr 11, 2019 0

Global oil supply dropped in March as U.S. sanctions and power outages pushed Venezuela’s crude output to a long-term low of 870,000 barrels per day (bpd). The International Energy Agency (IEA) said on Thursday that Thia was even lower…

World

Algeria awaits constitutional signal on Bouteflika’s fate

Abdulfatah Mar 27, 2019 0

Algerians waited on Wednesday for a decision by the constitutional council on whether ailing President Abdelaziz Bouteflika is fit for office, after the top army officer called for his removal in a bid to defuse mass protests. Lt-Gen.…

Economy

Oil hovers below 2019 highs amid OPEC supply cuts, U.S. sanctions

Abdulfatah Mar 22, 2019 0

Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela. Concerns that an economic slowdown might soon impact fuel consumption are…