Out of bounds
's oil revenues fell by a third
The Venezuelan state oil company announced that its turnover fell by a third (-33.5%) over the past months due to a drop in oil prices, as the country is facing the worst political crisis in decades. Oil is the first wealth in Venezuela and accounts for 96% of the country's foreign exchange earnings. According to the National Oil Company, the business figure reached 48 billion dollars for the year 2016, compared to 72.17 billion for the year 2015. The average price of oil barrel $ 35.15 for the year 2016, while it was 44.65 dollars for the year 2015, a decline of 21 Venezuela exported 2.57 million barrels per day (bpd) in 2016, up from 2.9 million in the previous year, and continued to decline in 2017 to 1.9 million barrels.
Trump calls for an investigation into the business practices in China ,
senior administration officials said, that President Donald Trump, will ask next Monday, from a large trading advisers, to determine whether to open an investigation into China 's business practices, which forced US companies operating there To abandon their intellectual property rights. The move, which could eventually lead to excessive tariffs on Chinese goods, comes at a time when Trump is asking China to do more to stop North Korea's nuclear missile program and threaten military action against Pyongyang. A US administration official stressed that diplomatic efforts on Korea and the possibility of an investigation into China's trade practices were "totally unrelated." "These are very different things," he told reporters. "China's trade practices and unfair industrial policies, which include forcing companies to transfer technology and stealing intellectual property, are damaging to the US economy and American workers," another official told reporters, adding that "the measure to be taken next Monday reflects the president's unwavering commitment to a final solution to the problem" , While a third official said that "an investigation of its start-up may take up to a year, so it is too early to predict any actions that may be taken against China in the end."
province states Qatar and Washington report that it will not penalize US companies
said four well - informed sources, said that the four Arab countries imposed sanctions on Qatar , the United States had been informed that it would not punish the American companies working with them working with Doha as well. Foreign companies are increasingly wary of their cross-border transactions on concerns they will be affected by the consequences of the region's biggest diplomatic crisis in years. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain sent a letter to US Secretary of State Rex Tillerson in July reassuring him that US companies would not be sanctioned by the boycott, according to sources familiar with the letter. The EU mission to the UAE told Reuters that the EU had received "verbal" formal assurances "from the UAE.