Trusted News Discovery Since 2008
{{/content}}
United States: US Agencies Release Compliance Note On Voluntary Self-Disclosures Of Potential Violations Of US Sanctions And Export Controls Laws - Buchanan Ingersoll & Rooney PC
Credit: Mondaq- Published on August 7, 2023
On July 26, 2023, the U.S. Department of Commerce, Department of the Treasury and Department of Justice (DOJ) released a Tri-Seal Compliance Note outlining...
Video credit: Wibbitz Top Stories
Published on August 4, 2023 - 01:31
Saudi Arabia Extends Production Cuts in Bid to Boost Prices
Saudi Arabia , Extends Production Cuts , in Bid to Boost Prices .
On August 3, Saudi Arabia said that it will extend
unilateral production cuts of one million barrels
of oil a day in an effort to bolster energy prices.
On August 3, Saudi Arabia said that it will extend
unilateral production cuts of one million barrels
of oil a day in an effort to bolster energy prices.
'The Independent' reports that the news
comes as other OPEC+ producers extended
earlier production cuts through 2024.
An anonymous official representing the kingdom's Energy Ministry said that the cut could "be extended or deepened" if needed.
This additional voluntary cut comes
to reinforce the precautionary efforts
made by OPEC+ countries with
the aim of supporting the stability
and balance of oil markets, Anonymous Energy Ministry official, via Saudi Press Agency.
The ongoing production cuts have largely failed
to boost prices due to reduced demand from
China and tightening monetary policies.
'The Independent' reports that Saudi Arabia is looking
to fund Vision 2030, an ambitious plan that includes
efforts to reduce dependence on oil and create jobs.
'The Independent' reports that Saudi Arabia is looking
to fund Vision 2030, an ambitious plan that includes
efforts to reduce dependence on oil and create jobs.
Vision 2030 reportedly includes a number of huge
infrastructure projects, including the development
of the $500 billion futuristic city called Neom.
Rising oil prices would also help fund Russia's war
on Ukraine, as the United States and its allies have
used a price cap to bite into Moscow's revenue.
Rising oil prices would also help fund Russia's war
on Ukraine, as the United States and its allies have
used a price cap to bite into Moscow's revenue.
Due to western sanctions, Russia
has been forced to sell oil at a discount. .
In May, Moscow saw its estimated export revenue drop by $1.4 billion to hit $13.3 billion, down 36% compared to the same time in 2022. .
In May, Moscow saw its estimated export revenue drop by $1.4 billion to hit $13.3 billion, down 36% compared to the same time in 2022.
You are here
Related videos from verified sources
International Law Agencies Take Down Global Hacking Scheme 01:31
Credit: Wibbitz Top Stories - Published on August 30, 2023
North Korea to Deploy Nuclear Weapons to Navy as US, Allies Begin New Drills 01:30
Credit: Wibbitz Top Stories - Published on August 29, 2023
Related news from verified sources
The DOJ, BIS, and OFAC release Tri-Seal Compliance Note, providing consolidated guidance concerning voluntary self-disclosures of possible U.S. sanction and...
on August 4, 2023 • Mondaq
On July 26, the federal agencies responsible for administering and enforcing many of the U.S. government's national security laws, including sanctions and export...
on August 18, 2023 • Mondaq