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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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Supply to the market – both domestically and for exports – may differ from production depending on the movement of barrels in and out of storage.
October 26th, 2014 - 04:55 GMT

Saudi Arabia's new oil tactic? Produce more, supply less

Al Bawaba
October 26th, 2014 - 04:55 GMT

OECD ‘seriously concerned' about how Turkey investigates bribery

The transaction completes the financial restructuring of Doux that filed for insolvency over two years ago.
October 24th, 2014 - 07:59 GMT

Converting them to halal? Saudi Arabia buys stake in major French poultry firm

Al Bawaba
October 23rd, 2014 - 03:55 GMT

An identity crisis? Khamenei denounces Iran's oil reliance

One-year dollar/Saudi riyal forwards jumped to 90.0 points, their highest level since a peak of 91.50 points hit in March 2011.
October 22nd, 2014 - 10:44 GMT

More peculiarity: Saudi riyal falls sharply against US dollar

Work on the dome, which consists of 85 super-sized steel elements and weighs 7,000 tonnes, began in December 2013.
October 22nd, 2014 - 03:55 GMT

7,000 tonnes dome structure installed: Abu Dhabi reports progress on Louvre project

can cover the country’s needs for around 275 years, according to Khaled Shraideh.
October 21st, 2014 - 09:29 GMT

Myth or reality? 'Oil shale reserves can cover Jordan's needs for 275 years'

Shoukry believes that, besides the GCC, Jordan represents approximately 80% of total Arab tourism to Egypt.
October 21st, 2014 - 08:47 GMT

Really happy to see Sisi? 400% tourism growth from UAE, Saudi Arabia and Jordan to Egypt

Al Bawaba
October 21st, 2014 - 08:12 GMT

A global oil giant lost: Total CEO dies in drunkdriving Moscow runway collision

Al Bawaba
October 21st, 2014 - 10:16 GMT

US-driven quest against money laundering: Standard Chartered to close thousands of UAE accounts

On 31 January 2011, Moody’s downgraded the government bond rating for Egypt from BA2 to BA1, and changed the outlook from stable to negative
October 21st, 2014 - 03:55 GMT

Not so moody anymore? Moody's upgrades Egypt's rating to 'stable'

 North America's shale boom has started to squeeze Saudi oil out of the US market,
October 20th, 2014 - 10:21 GMT

What market share? Saudi oil exports fall to lowest level in three years

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