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SnapshotsMar 20, 2020 | 21:01 GMT
Despite Falling Oil Prices, U.S. Production Cuts Remain Unlikely
In response to collapsing global oil prices, there are signs that U.S. President Donald Trump -- and now, the agency overseeing Texas' massive energy industry -- is mulling a potential production cut deal with Russia and Saudi Arabia. But doing so would mean overcoming political hurdles in the United States, divisions over
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SnapshotsAug 26, 2019 | 21:10 GMT
U.S., Japan: A Trade Deal Offers Welcome Relief for U.S. Corn and Wheat Producers
On Aug. 25, U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe announced an agreement in principle for a trade deal to be signed in September. While many of the details remain unknown, under the reported framework, Trump noted that Japan will make unspecified large purchases of U.S. wheat
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SITUATION REPORTApr 29, 2019 | 19:01 GMT
Brazil: Petrobras Looking to Sell 8 Refineries in Brazil
Brazilian state-owned energy company Petroleo Brasileiro (Petrobras) is planning to sell eight refineries with 1.1 million barrels per day of installed refining capacity, or around 51 percent of the company's total domestic refining capacity, Argus Media reported April 29.
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On GeopoliticsJan 24, 2019 | 06:00 GMT
Juan Guaido, leader of Venezuela's opposition-controlled National Assembly, declares himself interim president during a rally in Caracas against President Nicolas Maduro on Jan. 23, 2019.
Venezuela's on a Road to Nowhere Good
Venezuela is heading toward a chaotic, violent transition of power. The government is fighting a losing battle against declining oil output and its own voracious political elites. Low oil prices, high government spending and extreme corruption destroyed Venezuela's energy sector -- the country's sole source of export revenue. Without vast
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