The US government forecasts new sanctions on Iran will cut Iran’s oil exports by 700,000 to 1 million barrels a day. Iran exported an average of about 2.1 million barrels of oil per day over the last year.
Iran has begun to feel the squeeze as it looks to retain buyers in Asia. The National Iranian Oil Co. reduced official prices for September sales to Asia. Iranian light crude will be sold at the cheapest price in 14 years against a similar product from Saudi Arabia.
Venezuela had targeted producing 1.65 million barrels per day (mb/d) in July but claims actual production came in at about 1.526 mb/d.
The June OPEC report suggested that Venezuela oil output was just 1.34 mb/d. Venezuela might only have produced 1.25 million barrels per day.
Venezuela oil industry is so weak that the US not adding oil sanctions to them. The US does not want to own the eventual collapse of Venezuela.
Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of
nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.
