Trump gave India a temporary exemption from the embargo. which carried economic penalties for violations.
Read More »Europe`s Gas Dilemma: Buying from Russia or other Competitors?
Russia has held a decades old gas supply monopoly. dating back to the end of World War II. in Europe.
Read More »Iran Studies Staging Joint Naval Drills with Russia. China
Iran will stage large-scale naval drills in the Sea of Oman and Indian Ocean in the near future.
Read More »Venezuelan Oil Exports Disrupts Heavily due to US Sanctions
PDVSA and Maduro’s government could have a much harder time finding destinations for Venezuelan oil than first thought.
Read More »US Gives Non-US Firms Three Months to Close PDVSA Deals
PDVSA uses naphtha from the US to thin its heavy crude so it can be shipped.
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: Don’t Deal in Gold. Oil with Venezuela!
The US has sanctioned Nicaragua’s Albanisa company. which exports and sells Venezuelan oil products.
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.
Read More »Kremlin Criticize US Sanctions against PDVSA
The Kremlin has warned against negative repercussions should third countries intervene in Venezuela’s affairs.
Read More »Trump Administration Weighs Oil Embargo on Venezuela to Expel Maduro
Some energy industry officials are pressuring the Trump administration to hold off.
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