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IEA: key oil trends 2018

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Total OECD annual production of crude oil, natural gas liquids (NGL), and refinery feedstocks increased by 10.3% Canadian production also increased on an annual basis (+8.1%), due to robust production of crude oil, while Mexico’s production continued to fall (-6.3%). or 105 Mt in 2018 compared to 2017. in 2018 compared to 2017.

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Opinion: How Much Longer Can OPEC Hold Out?

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With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” Venezuela’s Woes.

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SEC slaps Total with cease-and-desist order, $153M disgorgement payment for bribes to Iranian official

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The US Securities and Exchange Commission (SEC) has levied a cease-and-desist order, accompanied by a $153-million disgorgement payment, against Total SA, the France-based oil and gas major, for violations of the Foreign Corrupt Practices Act. The Iranian Official was also a government advisor to a high-ranking Iranian official.

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