Crude oil international news
Here are some recent international news articles related to crude oil:
OPEC+ Agrees to Increase Oil Production
- OPEC+ agreed to increase oil production by 400,000 barrels per day (bpd) in July, despite concerns over the impact of the COVID-19 pandemic on global demand. (Source: Reuters)
- The decision was made at a virtual meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+. (Source: Bloomberg)
US Crude Oil Exports Reach Record High
- The United States exported a record 3.6 million barrels of crude oil per day in May, according to the Energy Information Administration (EIA). (Source: CNBC)
- The increase in exports was driven by growing demand from countries such as China and India. (Source: The Wall Street Journal)
Iran's Oil Exports Rise Despite US Sanctions
- Iran's oil exports rose to 1.3 million barrels per day (bpd) in May, despite US sanctions aimed at reducing the country's oil exports. (Source: Bloomberg)
- The increase was attributed to increased shipments to China and other countries. (Source: Reuters)
Venezuela's Oil Production Plummets
- Venezuela's oil production fell to 640,000 barrels per day (bpd) in May, down from 1.2 million bpd in 2019. (Source: Bloomberg)
- The decline was attributed to a lack of investment and maintenance due to US sanctions. (Source: The New York Times)
Saudi Arabia and Russia Discuss Oil Output Cuts
- Saudi Arabia and Russia discussed the possibility of cutting oil production to support prices, according to sources. (Source: Bloomberg)
- The two countries are the world's largest oil producers and have a significant impact on global oil markets. (Source: The Financial Times)
China's Oil Demand Rebounds
- China's oil demand rebounded in May, driven by a recovery in the country's economy. (Source: Bloomberg)
- The country's oil demand rose to 13.7 million barrels per day (bpd), up from 12.3 million bpd in April. (Source: The Wall Street Journal)
Libya's Oil Exports Resume
- Libya's oil exports resumed after a brief shutdown due to a pipeline leak. (Source: Reuters)
- The country's oil production is expected to return to normal levels in the coming days. (Source: Bloomberg)
These are just a few examples of recent international news articles related to crude oil. If you would like more information or specific news articles on a particular topic, please let me know!