Iran’s Persian Gulf Star Refinery converts light crude. known as condensate. into gasoline and naphtha.
Read More »Oil Settles at 3M High on OPEC Output Decline
Progress in the trade talks between the US and China helped to allay fears about fuel demand.
Read More »Oil prices Rise on Hopes for US-China Tariff Talks Progress
International Brent crude oil futures had yet to trade.
Read More »OPEC Not a Cartel. Doesn`t Fix Oil Prices
OPEC and Russia have been cutting production together to support prices since 2017.
Read More »Foreign Minister Condemns US for Destroying Region
US hostility has led it to support dictators. butchers &. extremists. who'.ve only brought ruin to our region.
Read More »Trump Says Military Intervention in Venezuela `An Option`
The Trump administration last week issued crippling sanctions on Venezuelan state-owned oil firm PDVSA.
Read More »Oil Hits $63 on Venezuela Sanctions. OPEC
The U.S. sanctions on Venezuela will limit oil transactions between Venezuela and other countries.
Read More »Trump Uses Oil Sanctions to Force Maduro to Step Aside
Russian energy giant Rosneft has loaned more than $6bn to PDVSA.
Read More »Germany. France. UK to Set Up EU Channel for Transactions with Iran
The European transactions channel for Iran will be called INSTEX (Instrument in Support of Trade Exchanges).
Read More »John Bolton Admits US Support of Illegal Coup Is about Oil. Not Democracy
Maduro and the Venezuelan people are resisting this coup attempt by the interventionist North American country.
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