Tag Archives: Sanctions

Saudi Arabia pledged in June to increase its crude oil production to help rein in prices.

Shell is a major player in the U.S. Gulf of Mexico.

The United States will target Iran’s oil exports with sanctions from Nov. 4.

The threats of disruption as well as the early supply cuts have helped to lift Brent crude futures to nearly $80 a barrel this month.

The project has acquired full authorization for construction and operation from Germany. Finland and Sweden.

Unipec is the trading arm of Asia’s largest refiner Sinopec.

Oil prices jumped 2 per cent as US sanctions restricted Iranian crude exports.

Earlier. Putin announced Russia'.s readiness to fund Nord Stream 2 in the event of the U.S. sanctions.

The last time Iran was the subject of sanctions. Japan curbed its imports of Iranian crude.

OPEC and non-OPEC countries had agreed to review current oil production as a countermeasure to the lack of Iranian oil caused by the US sanctions.