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Eni report: global oil reserves and oil production up in 2018 due to US

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In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues. Source: Eni World Oil Review 2019. Source: Eni World Oil Review 2019. recorded in 2013-2017.

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GECF: more than a quarter of 2050 natural gas supply untapped

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average economic growth rate between 2000 and 2019, continuously expanding domestic gas production, attracting investors, and enhancing knowledge and technologies exchange. As a holder of the fourth-largest volume of gas reserves worldwide, Turkmenistan has been unlocking the potential of natural gas, leading to an 11.5%

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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Venezuela, an OPEC member, has even proposed an emergency summit meeting. in Russian and Soviet history, Soviet economics, and International economics, and MBA in finance and marketing. Their suffering has led some to call for a change in strategy to “balance” the market and boost prices.

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Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

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Glencore International pled guilty in the Southern District of New York to violations of the Foreign Corrupt Practices Act (FCPA). Glencore also admitted to bribery of officials in Brazil and Venezuela. In Venezuela, Glencore admitted to conspiring to secure improper business advantages by paying over $1.2