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A refinery in Curacao used by PDVSA as auxiliary facility, the 335,000-bpd Isla, has been inactive since the second quarter. Earlier this month, Venezuela’s largest refining complex, Paraguana, worked at 19 percent of its 955,000-bpd capacity, and the smaller Puerto la Cruz refinery was completely halted personalised initial cufflinks uk online. Venezuela’s fuel demand has decreased to 325,000 bpd in recent months – half the peak volume registered a decade ago – according to the PDVSA documents, amid a severe economic recession. Still, PDVSA has been unable to supply gas stations, airports, power plants and industrial customers, leading to drivers waiting to fill their tanks and customers fighting over cooking gas..
PARIS (Reuters) – French drugmaker Sanofi (SASY.PA) told unions on Wednesday it was planning to cut 670 jobs in France, a union representative told Reuters. The plan, which is to be set on a voluntary basis, would affect human resources, IT, and finances among others, Thierry Bodin, with the CGT union said. In addition, 80 IT jobs are to be outsourced, he said personalised initial cufflinks uk online. The group had said in September it would continue to implement cost savings after having reached a 1.5 billion euros ($1.70 billion) cost reduction target a year ahead of expectations..
WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday called on the Organization of the Petroleum Exporting Countries and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide personalised initial cufflinks uk online. “Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want to see, or need, higher oil prices!” Trump wrote in a tweet ahead of the group’s meeting this week to discuss possible cuts. OPEC meets in Vienna on Thursday to weigh production and on Friday will hold talks with allies such as Russia. Official U.S. government oil production and inventory data are also due on Thursday..
Saudi Arabia, OPEC’s de facto leader, has pressed for steep output reductions but has faced pressure from Trump to keep oil flows steady to keep prices low, rather than reduce inventory. Trump, who has made the U.S personalised initial cufflinks uk online. economy one of his top issues, has frequently complained about OPEC this year, as higher crude oil prices have in turn raised fuel prices for consumers and businesses. Russia’s TASS news agency reported on Wednesday that OPEC and its partners may return production quotas to 2016 levels by reducing oil production by more than 1 million barrels per day. Oil markets rose on Wednesday ahead of the meeting..
VIENNA (Reuters) – A key monitoring committee of OPEC and its allies, including Russia, agreed on Wednesday on the need to cut oil output in 2019, two sources familiar with the decision said, adding that debates about volumes and the baseline for cuts were ongoing. The committee, known as the Joint Ministerial Monitoring Committee that includes Saudi Arabia and Russia, met in Vienna on Wednesday, a day before the meeting of members of the Organization of the Petroleum Exporting Countries. Saudi Arabia has been seeking to persuade Russia to cut oil production substantially with OPEC next year in a bid to halt a decline in the price of crude and prevent another global glut personalised initial cufflinks uk online.