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Oil Price
Oil Surges After Trump Threatens Iraq Sanctions
Oil prices shot more than 2 per cent higher on Monday, with Brent rising above $70 a barrel, after US President Donald Trump issued a threat to impose sanctions…
Oil & Gas Trade
U.S. Sanctions on Nord Stream 2 Affect Hurry-up Work
Any companies that rush to finish building a Russian natural gas export pipeline to Germany that came under U.S. sanctions this month risk being penalized, seni…
Oil & Gas Trade
Putin & Merkel Agree to Keep Supporting Nord Stream 2 Project
President Vladimir Putin and Chancellor Angela Merkel have reiterated their support for the Nord Stream 2 natural gas pipeline from Russia to Germany, the Kreml…
Oil & Gas Trade
Iran Vice President Admits Oil Exports Hugely Down Due to Sanctions
First Vice President Es’haq Jahangiri said today that Iran’s oil exports have hugely declined due to U.S. sanctions but did not disclose how much oil is being…
Oil & Gas Trade
Russian Companies’s Latest Plan to Avoid U.S. Sanctions
Trump's signing the 2020 NDAA into law on Friday, and with it, sanctions targeting European and Russian companies laying the Nord Stream 2 pipeline, had the imm…
Oil & Gas Trade
How US Sanctions Could Hit Russia’s Nord Stream 2 Gas Project
Swiss-Dutch company Allseas, which was laying the pipeline using two vessels – Pioneering Spirit and Solitaire – suspended work to avoid US sanctions. Allseas…
Oil and Gas Equipment
Russia Says Nord Stream 2 Gas Pipeline Will Be Completed in Matter of Months
Russia's new gas transit deal with Ukraine would also mollify the impact on Russian gas supplies of U.S. sanctions introduced on the pipeline project, he said.
U.S. Renews Waiver on COSCO's Dalian Tanker Unit Hit by Iran Sanctions
The Trump administration on Thursday renewed a waiver for companies to wind down transactions with the Dalian unit of a Chinese tanker company on which it had i…
Thermal Plant
The Average Efficiency of Thermal Power Has Reached 38.1% in Iran
After negotiations with East Asian firms in 2018 to attract investment to decommission decrepit power plants failed due to the US sanctions, the government prop…
Oil & Gas Trade
Iran Still Selling Oil Despite US Sanctions on Tehran’s Exports
Iran is still selling its oil despite US sanctions on Tehran’s exports, the country’s Vice President Eshaq Jahangiri was quoted on Monday as saying by state T…
Oil & Gas Trade
U.S. to no Longer Waive Sanctions on Iranian Nuclear Site
The United States said on Monday it will no longer waive sanctions related to Iran’s Fordow nuclear plant after Tehran resumed uranium enrichment at the underg…
Nuclear Fuel
US Slaps New Sanctions on Iran
Washington imposes sanctions on Iranian construction sector and trade in four materials used in its military or nuclear programs, but waives others.
Oil & Gas Trade
Putin Ally Criticizes US Sanctions, American Oil and Dollar Power
September attacks on Saudi oil assets have created doubts about Saudi Arabia's status as a reliable oil supplier, Igor Sechin, Chief Executive of Russia's Rosne…
Oil & Gas Trade
Iran Says U.S. Fails to Halt Iran's Oil Industry Development
Iranian Petroleum Minister Bijan Namdar Zanganeh said the United States has failed to exert pressures on Iran through sanctions against the country's oil indust…
Oil & Gas Trade
U.S. Oil Major Chevron Says Hopeful About Maintaining Venezuela Presence
U.S. oil major Chevron Corp said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oi…
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