November 5, 2018, US oil sanctions on Iran will officially start. There has already been a 1.1 million barrel per day drop in Iranian oil shipments.
Production hasn’t fallen as much as some output is going into storage. About 1.76 million barrels a day were exported in October.
Eight countries permitted to keep buying Iranian oil. The US is giving waivers for limited purchases.
Iran is confident sales will hold above 1 million barrels a day.
The OPEC countries has pumped 33.31 million barrels per day in October. This was up 390,000 bpd from September in spite of the drop in Iranian production.
Venezuelan oil production is down to 1 million barrels per day
Venezuela does not US sanctions. Venezuela has a collapsing economy.
Venezuela oil exports appear to be down to 1 million barrels per day.
Venezuela was producing 2.1-2.2 million barrels per day in the first nine months of 2017.
Production has been in free fall. January 2017 production was at about 1.7 million barrels per day.
August oil production was around 1.3 million barrels per day.
September production was just under 1.2 million barrels per day. This was down 42,000 barrels per day from August.
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.
