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Venezuela banks $300M from first U.S. brokered oil sale
January 21st, 2026 - 10:03 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Venezuela banks $300M from first U.S. brokered oil sale

ALBAWABA- Venezuela has received $300 million in oil revenue from a U.S. facilitated crude sale, interim president Delcy Rodríguez announced on Tuesday, marking the first funds to flow under an oil agreement arranged after the kidnapping of President Nicolás Maduro earlier this month. Rodríguez said the funds, part of an expected $500 million in proceeds from U.S. sales of Venezuelan crude, will be channeled into the foreign exchange market through national ...
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Saudi Arabia and Russia called on all producers to comply with oil output cuts under an OPEC-led supply deal.
September 14th, 2019 - 01:00 GMT

Saudi Arabia Continues Its Commitment to OPEC+ Oil Cuts

The project, launched last year, has been met with caution by banks.
September 14th, 2019 - 11:00 GMT

Europe to Launch Public Digital Currency

The estimated total of Saudi job-seekers during the Q2 is one million.
September 14th, 2019 - 10:00 GMT

Saudi Arabia's Unemployment Rate Drops to 12.3 Percent in Q2

Intra-EU28 trade rose 2.3% to reach €2.1 trillion ($2.37 trillion) year-on-year in the same period.
September 14th, 2019 - 09:00 GMT

EU Trade Deficit Hits $11.5 Billion

India will become the top energy consumer in the next 15 years
September 12th, 2019 - 01:00 GMT

UAE’s Role in India’s Transition to a Gas-Based Economy

Gas will increasingly complement variable renewables, meeting demand in peak periods such as winter in colder climates.
September 12th, 2019 - 12:30 GMT

Global Upstream Gas Capital Expenditure to Reach $737 Billion in 2025

Saudi Arabia is proud to be one of the first countries to work with the organization in the preliminary studies for the Measuring Sustainable Tourism (MST) project
September 12th, 2019 - 12:00 GMT

Saudi Arabia to Open Its Doors to International Tourists by End of 2019

Algeria has been looking into economic reforms in recent years as lower energy prices undermined its fiscal position.
September 12th, 2019 - 11:30 GMT

Algeria Mulls Allowing Foreign Ownership in Some Sectors

One of the most important challenges in making these treaties operational is that exporters in each country will prefer to trade in world currencies rather than national one.
September 12th, 2019 - 11:00 GMT

Monetary Treaties: Iran’s Key to Unsanctioned International Trade

The number of economic establishments of the government, the private sector and the non-profitable domain has reached 1.005 million
September 12th, 2019 - 10:30 GMT

283 Percent Increase in Number of Working Saudi Women in Q1 2019

Despite the OPEC-led cut, oil has tumbled from April’s 2019 peak above $75
September 12th, 2019 - 09:30 GMT

OPEC Cuts 2020 Oil Demand Forecast Due to Economic Slowdown

A group of 14 economists' estimates for the month ranged between a surplus of $160 million and $1.5 billion.
September 12th, 2019 - 09:00 GMT

Economists Expect $1.1 Billion Current Account Surplus in Turkey

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