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Crude Oil
Iran Claims Its Oil Production Could Jump To 6.5 Million Bpd
Iran can boost its crude oil production to as much as 6.5 million barrels per day when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister B…
Iran
Strait of Hormuz: The World's Most Important Oil Artery
Iran's Revolutionary Guards Corps seized a South Korean-flagged tanker in Gulf waters and detained its crew, amid tensions between Tehran and Seoul over Iranian…
Oil Pipeline
Russia Accelerates Nord Stream 2 Project to Beat U.S. Sanctions
Russia is stepping up work on the Nord Stream 2 pipeline before the U.S. tightens sanctions against the controversial project designed to feed more natural gas …
Oil & Gas Trade
Sanctions on Rosneft Unit Threaten Venezuela’s Vital Oil Trade
U.S. sanctions on Rosneft Trading SA threaten to hit Venezuela’s ability to export oil, choking off the main source of cash for Nicolas Maduro’s regime and po…
U.S. Sanctions Rosneft Unit for Ties to Venezuela Oil Production
The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA,…
Oil&Gas Drilling
Trump Administration Grants Chevron License to Keep Drilling in Venezuela
The Department of Treasury is allowing Chevron, along with four other U.S. service suppliers, to continue operating in Venezuela despite U.S. 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
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 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.
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…
Oil & Gas Trade
Canada's Heavy Oil Exports To Asia From US Surge
Shipments of Canadian crude from the U.S. Gulf Coast since May have more than doubled all of 2018's exports as Asian refiners scramble for heavy sour oil, accor…
Oil & Gas Trade
Turkey will Continue Oil, Natural Gas Trade with Iran
Turkish President Tayyip Erdogan said on Friday it was impossible for Turkey to stop buying oil and natural gas from Iran, despite the threat of U.S. sanctions,…
Oil&Gas Drilling
U.S. Sanctions Deadline is Threatening to Clobber Venezuela's Dwindling Oil-Rig Fleet
A looming U.S. sanctions deadline is threatening to clobber Venezuela’s dwindling oil-rig fleet and hamper energy production in the nation with the world’s la…
Oil & Gas Trade
How Do U.S. Sanctions Affect the Sector?
In January the United States imposed sanctions on Venezuela’s most important global business - producing and selling crude oil, which accounts for more than 95…
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