Russia considering sanctions busters
Russian President Vladimir Putin told regional bloc leaders that deeper trade relations could stimulate economic growth. Photo by Yuri Gripas/UPI May 15 (UPI) — With its oil and gas sector Continue Reading
US sanctions target Iran central bank governor
The US Treasury targeted the governor of Iran’s central bank on Tuesday as the Trump administration ratcheted up sanctions in the wake of its decision to pull out of the Continue Reading
Could This Be The Next Proxy War In The Middle East?
As if heightened tensions in Syria and Yemen and increased divisions in the U.S-Iran and Iran-Israel relations were not enough, a surprise—albeit still preliminary—election result in OPEC’s second-largest producer Iraq Continue Reading
Tanker Insurance Issues Could Stymie Iran’s Oil Exports
While the oil industry and market are still assessing the impact of the U.S. withdrawal from the Iran nuclear deal and the re-imposition of sanctions, the biggest hurdle to Iran’s Continue Reading
Exclusive: Iran asks Chinese oil buyers to maintain imports after U.S. sanctions – sources
A senior official at Iran’s state-owned oil supplier met Chinese buyers this week to ask them to maintain imports after U.S. sanctions kick in, three people familiar with the matter Continue Reading
Collapsing Venezuela oil exports seen to be pushing prices higher
With Venezuela’s exports of crude on the brink of collapsing below 1m barrels a day to historic lows, the bull case for energy has additional support as creditors of the Continue Reading
Maduro Buys Oil To Help Cuba While Venezuelans Starve
Amid a desperate economic and humanitarian crisis in Venezuela, its socialist leader Nicolas Maduro is trying to shore up support from the few allies it has left, and has had Continue Reading
ConocoPhillips ‘not close’ to recouping $2 billion of Venezuelan assets: CEO
ConocoPhillips has begun the process of recovering over $2 billion in Venezuelan global assets that was awarded last month by an international trade court, but is “not close” to locating Continue Reading
Mexico’s Pemex says testing crude for import could start in July
Mexican state-run oil company Pemex expects to begin testing light crudes as soon as July for possible import, looking to boost margins at its domestic refineries, its chief executive said Continue Reading
Exclusive: As Venezuelans suffer, Maduro buys foreign oil to subsidize Cuba
Venezuela’s state-run oil firm PDVSA has bought nearly $440 million worth of foreign crude and shipped it directly to Cuba on friendly credit terms – and often at a loss, Continue Reading