Home Tag "Venezuela"

OPEC Members Iran And Venezuela Could Lose Almost 30 Percent Of Their Oil Output Due To U.S. Sanctions And Economic Upheaval

The International Energy Agency said that OPEC members Iran and Venezuela could lose almost 30 percent of their oil output next year due to U.S. sanctions and economic upheaval, in its first detailed forecast for 2019. The report this morning will increase pressure on a meeting of OPEC and its allies next week to permit […]

Big Retailers Betting On India’s Online Grocery Market

Low Production By Venezuelan Oil Monopoly And Global Drop In Crude Prices Throw Country Into Crisis.

Although Venezuela sits atop the world’s largest oil reserves, low production by the state oil monopoly and the global drop in crude prices has thrown the Latin American country into crisis. Inflation in the economically struggling nation reached a staggering 2,600 percent last year, underline the problems besetting Venezuela, where food, medicines and other basic […]

National Rums Chairman, Komal Samaroo, Supports Call For Rum-Manufacturing Companies To Partner More With Cane Farmers And More Local Products In Operations.