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The United States last Friday imposed sanctions on two shipping companies for delivering Venezuelan oil to ally Cuba.
Read More »US Targets Shippers for Bringing Venezuela Oil to Cuba
Putin Prepares to Withdraw Support for Maduro
PDVSA is trying to retool the upgrades to process a simpler form of heavy oil.
Read More »OPEC to Gather in Jeddah amid Regional Tensions and Price Volatility
Saudi Arabia and the UAE had pledged to raise output to offset any outages in the market.
Read More »U.S. Shale Output to Hit New Record of 8.49 Million bpd in June
The EIA projected gas output would increase in most of the big shale basins in June.
Read More »China’s Iran Oil Imports Grow to Eight-Month High
China is Iran’s biggest oil client.
Read More »Europe Believes Necessary to have a Nuclear Deal with Iran and to Implement It
Europe presumed that Iran would not gradually discontinue its commitments under the Joint Comprehensive Plan of Action (JCPOA).
Read More »Uncertainty in Oil Markets amid Plenty Supplies
Uncertainty is expected in oil markets in the next three months due to ample supplies as well as Iran’s ability to continue to export despite sanctions by the US administration.
Read More »Mediterranean Gas and Turkey-EU Ties
Turkey wants to diversify its energy sources.
Read More »China’s Thirst for Saudi Oil
China stepped up purchases of Saudi oil in the first four months of this year.
Read More »Global Shares. Oil Slump after Trump Vows China Tariff Hike
The risk for Trump is that the Chinese don’t play ball and don’t go ahead with the negotiation.
Read More »