The South American member of OPEC derives 96 percent of its export revenues from oil , so the decline Movement.down.loss in futures has hit exacerbated Situation_deteriorate a national economic decline Movement.down.loss , a foreign currency shortfall Shortage and a scarcity of basic goods .

VIENNA ( Reuters ) - Oil prices are at a suitable level for OPEC members and the group sees no shortfall Shortage in supply , the United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui was quoted as saying on Tuesday .

For most of the past decade , the oil market has been defined by shortfall Shortage .

The South American member of OPEC derives 96 percent of its export revenues from oil , so the decline Movement.down.loss in futures has hit exacerbated Situation_deteriorate a national economic decline Movement.down.loss , a foreign currency shortfall Shortage and a scarcity of basic goods .

Oil reserves are still `` acceptable '' in most oil consuming countries and there is no shortage Shortage in supply , the minister added .

Six months on that wave of oil looks no nearer , with concern Negative_sentiment veering to shortages Shortage rather than supplies were ample Oversupply , and the shock of events in Iraq troubling delegates more behind the scenes .

A U.S. law dating back to oil shortages Shortage of the 1970s generally bars Prohibiting exports of domestically produced crude , but shipments to Canada are allowed , as are re-exports of foreign oil .

`` The Committee emphasized that achieving 100 % conformity from all participating countries in the DoC and compensating for the shortfalls Shortage in May , June and July 2020 is not only fair , but vital for the ongoing rebalancing efforts and to help deliver long-term oil market stability , '' OPEC had argued , pointing to ongoing tension within the group .

Critics have said a US oil application of the sanctions Embargo will not help Washington to oust Maduro , but will create more hardship for the Venezuelan people , who are suffering from food and medical shortfalls Shortage .

VIENNA ( Reuters ) - OPEC sailed through a brief , calm meeting on Wednesday - even as oil prices increased Movement.up.gain to $ 100-a-barrel on concern Negative_sentiment renewed revolution Civil.unrest could hit Iraq 's output and add to Situation_deteriorate a supply shortfall Shortage from chaotic Libya and sanctions-bound Iran .

VIENNA ( Reuters ) - OPEC sailed through a brief , calm meeting on Wednesday - even as oil futures increased Movement.up.gain to $ 110 a barrel on concern Negative_sentiment renewed conflict Civil.unrest could hit Iraq 's output and worsen Situation_deteriorate a supply shortage Shortage from chaotic Libya and sanctions-bound Iran .

At that time a prosperous Russia was grappling with fuel shortages Shortage .

The South American member of OPEC derives 96 percent of its export revenues from oil , so the drop Movement.down.loss in prices has hit exacerbated Situation_deteriorate a national economic decline Movement.down.loss , a foreign currency shortage Shortage and a scarcity of basic goods .

Critics have said a US oil embargo Embargo will not help Washington to oust Maduro , but will create more hardship for the Venezuelan people , who are suffering from food and medical shortages Shortage .

Critics have said a the United States oil application of the sanctions Embargo will not help Washington to oust Maduro , but will create more hardship for the Venezuelan people , who are suffering from food and medical shortfalls Shortage .

Six months on that wave of oil looks no nearer , with concern Negative_sentiment veering to shortfalls Shortage rather than gluts Oversupply , and the shock of events in Iraq troubling delegates more behind the scenes .

VIENNA -LRB- Reuters -RRB- - Oil prices are at a suitable level for OPEC members and the group sees no shortage Shortage in supply , the United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui was quoted as saying on Tuesday .

Critics have said a Russia oil application of the sanctions Embargo will not help Washington to oust Maduro , but will create more hardship for the Venezuelan people , who are suffering from food and medical shortfalls Shortage .

The South American member of OPEC derives 96 percent of its export revenues from oil , so the slump Movement.down.loss in prices has hit exacerbated Situation_deteriorate a national economic deterioration Movement.down.loss , a foreign currency shortfall Shortage and a scarcity of basic goods .

`` I 'm encouraged that oil is better reflecting underlying fundamentals and an under-supplied Shortage market relative to last year , where it seemed to ignore those improving fundamentals for much of the year . ''

A U.S. law dating back to oil shortfalls Shortage of the 1970s generally bars Prohibiting exports of domestically produced crude , but shipments to Canada are allowed , as are re-exports of foreign oil .

At that time a prosperous Russia was grappling with fuel shortfalls Shortage .

The South American member of OPEC derives 96 percent of its export revenues from oil , so the deterioration Movement.down.loss in futures has hit exacerbated Situation_deteriorate a national economic slump Movement.down.loss , a foreign currency shortfall Shortage and a scarcity of basic goods .

VIENNA ( Reuters ) - OPEC sailed through a brief , calm meeting on Wednesday - even as oil futures increased Movement.up.gain to $ 110 a barrel on concern Negative_sentiment renewed turmoil Civil.unrest could hit Iraq 's output and increase Situation_deteriorate a supply shortage Shortage from chaotic Russia and sanctions-bound Iran .

VIENNA ( Reuters ) - OPEC sailed through a brief , calm meeting on Wednesday - even as oil futures added Movement.up.gain to $ 110 a barrel on concern Negative_sentiment renewed conflict Civil.unrest could hit Iraq 's output and increase Situation_deteriorate a supply shortage Shortage from chaotic Libya and sanctions-bound Iran .

VIENNA -LRB- Reuters -RRB- - OPEC sailed through a brief , calm meeting on Wednesday - even as oil prices rose Movement.up.gain to $ 110 a barrel on concern Negative_sentiment renewed strife Civil.unrest could hit Iraq 's output and deepen Situation_deteriorate a supply shortfall Shortage from chaotic Libya and sanctions-bound Iran .

The South American member of OPEC derives 96 percent of its export revenues from oil , so the plunge Movement.down.loss in prices has hit exacerbated Situation_deteriorate a national economic dip Movement.down.loss , a foreign currency shortfall Shortage and a scarcity of basic goods .

VIENNA ( Reuters ) - OPEC sailed through a brief , calm meeting on Wednesday - even as oil futures gained Movement.up.gain to $ 110 a barrel on concern Negative_sentiment renewed violence Civil.unrest could hit Iraq 's output and worsen Situation_deteriorate a supply shortfall Shortage from chaotic Russia and sanctions-bound Iran .

For most of the past decade , the oil market has been defined by shortage Shortage .

Critics have said a Venezuela oil application of the sanctions Embargo will not help Washington to oust Maduro , but will create more hardship for the Venezuelan people , who are suffering from food and medical shortfalls Shortage .

Oil reserves are still `` acceptable '' in most oil consuming countries and there is no shortfall Shortage in supply , the minister added .