Questions tagged [oil]

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2
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1answer
118 views

Did US threaten Iran to prevent its tankers delivering oil to Venezuela?

Recently, Iranian tankers delivered oil to Venezuela - which is badly needed, while Venezuela is under US embargo and sanctions. In Iran that was claimed as victory. But were there any direct threats ...
3
votes
2answers
97 views

What steps has Saudi Arabia taken to diversify its economy?

It is now almost four years since then Deputy Crown Prince Mohammed bin Salman announced his "Saudi Vision 2030" plan, a key theme of which was to provide the country with a "thriving economy" by "...
5
votes
2answers
421 views

Saudis vs Russia on oil: Saudis wanted lower production, but are now doing the opposite. What's going on? [duplicate]

From what I understand the Saudis wanted to reduce oil production and increase price, and Russia did not. So, to punish Russia, they are increasing production and reducing the price. This strikes me ...
39
votes
6answers
12k views

Why has Russia declined OPEC's request to cut oil production?

On Friday, Russia declined to participate in a plan devised by the Saudi-led Organization of the Petroleum Exporting Countries (OPEC) to cut oil production levels, in order to keep oil prices steady ...
1
vote
2answers
131 views

Are (or were) US companies involved in exploiting the Kurdish-controlled oil fields in Syria?

Trump said recently about the oil fields in the Kurdish controlled area of Syria: We’ve secured the oil. If you remember, I didn’t want to go into Iraq. I was a civilian, so I had no power over it. ...
5
votes
1answer
227 views

Why does Guyana let international companies explore resources in territory reclaimed by Venezuela?

From what I know, one of the major issues between Guyana and Venezuela is that the Guyanese government has started negotiations with Exxon-Mobil to drill and produce oil in disputed territory, as you ...