Tag: Washington DC

Saudi Arabia pump record levels of oil on pressure from Trump

Saudi Arabia pump record levels of oil on pressure from Trump

Saudi Arabia has increased its oil production to an all-time high in November as US President Donald Trump stepped up pressure on the country to prevent it from applying output cuts at next week’s OPEC meeting. The meeting will see OPEC members discuss ways to bring an end to the […]

US reassessing Venezuela’s oil sanctions

US reassessing Venezuela’s oil sanctions

Despite increasing its grip over Venezuela in recent months, the US is said to be reducing its sanctions over the Venezuelan oil industry. Sources in Washington DC have said that the US will not look to further sanction the South American nation’s oil industry as it contributes such a large […]