In its Oil Market Report released on Feb. 13, the International Energy Agency discusses US sanctions against Iran and Venezuela and their impact on the US Gulf Coast refiners. Valero photo. Oil Market Report: Crude [Read more]
Oil prices rose on Wednesday after data from the US Energy Information Administration showed US crude stocks rose less than expected last week due to a decline in imports. Equinor photo. US oil prices up [Read more]
Iran oil production and exports have dropped since the Trump administration announced last May that it would quit the nuclear deal and re-impose sanctions on Iranian crude exports. AFP photo by Atta Kenare. Iran oil [Read more]
Oil prices have already risen to a level that has contributed to a slowdown in economic growth and oil consumption in the past. Equinor photo. Oil prices drop Thursday, but sit at over $84/barrel By [Read more]
OPEC along with other participants in the cartel’s supply cut agreement have denied US President Donald Trump’s demand to boost crude production. Xinhua News photo. OPEC decision boosts oil prices Monday OPEC and its allies [Read more]
The White House is anxious to avoid being blamed by US motorists for any further oil price escalation, especially in the run-up to a tough mid-term election on Nov. 6. Trump trying to control oil [Read more]
According to a confidential report by the International Atomic Energy Agency, Iran has remained in compliance with the 2015 nuclear deal, staying within caps on uranium enrichment levels, enriched uranium stocks and other provisions. Reuters [Read more]
The Trump administration has set a November 4 deadline for customers of Iranian crude to halt their purchases. The looming Iran sanctions, which are expected to take 1 million barrels per day out of the [Read more]
US crude exports to India hit record highs in June and are set to almost double last year’s total as the Asian country scrambles to replace oil supplies as Venezuela’s output continues to fall and [Read more]
US President Donald Trump blames OPEC for rising gas prices and is urging the cartel to “REDUCE PRICING NOW!”. Higher gasoline prices could become a political problem for the ruling Republicans as the midterm elections [Read more]
An official with the government of Iran said removing Iranian crude from the global oil market by November is not possible, based on the volume of exports. Irna.ir photo. 2.5 million barrels of Iranian crude, [Read more]
Last month, US President Donald Trump the “highest level” of US sanctions would be implemented against Iran after the US abandoned the Iran sanction relief agreement. AP photo by Evan Vucci. OPEC asked to support [Read more]
Policymakers are rapidly embracing trade and investment restrictions for a range of reasons, ranging from trying to raise wages to protect strategic sectors and national security concerns. Getty Images photo by Drew Angerer. Trade and [Read more]
Citing an early exit from some projects with Rosneft due to 2014 sanctions imposed on Russia by the US and European Union, Exxon recorded a $200 million after-tax loss in the final quarter of 2017. Sputnik [Read more]
According to a report by Reuters, new sanctions against Venezuela may affect a military-run oil services company, and restrict insurance coverage for Venezuelan crude shipments. Xinhua / SIPA USA / TNS photo. Sen. Marco Rubio pushing [Read more]
Libyan oil smugglers are driving instability in the OPEC nation, according to the US Treasury Department. Reuters photo by Aidan Lewis. Libyan oil smuggling sanctions imposed against six people, 24 companies, seven vessels The United [Read more]
Australia accounts for the highest amount of China’s coal imports at 79.91 million tonnes. EndCoal.org photo by Max Phillips. China’s coal imports from North Korea banned in February 2017 In 2017, China’s coal imports from [Read more]
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