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The United States is actively considering oil sanctions on Venezuela.
Read More »Oil Decrease as Market Eyes Possible Easing of OPEC Supply Curbs
American Oil Boom Tempting Ships to Steer Clear of Iran
The US is shipping record amounts of crude following the end of an export ban in late 2015.
Read More »Iran`s Light Crude Closes to $74 per Barrel
On May 8. US President Donald Trump announced his country'.s exit from Iran nuclear deal. saying Washington will reinstate the unilateral sanctions on Iran within 90 to 180 days.
Read More »India Oil Imports from Iran Rose to Highest Level since October 2016
Iran and the major world powers in 2015 signed the nuclear agreement. under which Tehran agreed to curb its nuclear program in exchange for economic sanctions relief.
Read More »India Turn to Traditional Suppliers to Meet Iran Oil Shortfall
IOC is Iran’s biggest Indian oil client.
Read More »Russia Slams Pompeo’s Demands Addressed to Iran as Nonsense
The United States is unable to understand that Iran has sovereign rights. including the right to civilian nuclear power.
Read More »BP Halts Work on North Sea Gas Field due to US Sanctions on Iran
Oil giant is in the process of selling its stake in the Rhum field to a smaller British company.
Read More »Washington Threatens Sanctions for Nord Stream 2
Europe has been very active in showing its support for gas transit revenue dependent Ukraine.
Read More »Rosneft Starts Drilling at New Well Offshore Vietnam
Rosneft said that production offshore Vietnam is very profitable.
Read More »Pradhan Wants Saudis to Keep Oil Prices Stable
Pradhan has concern about rising prices and its negative impact on consumers and the Indian economy.
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