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Oil & Gas
Crude Oil Futures Were Higher During Mid-Morning Trade in Asia
Crude oil futures were higher during mid-morning trade in Asia Tuesday, amid an expected fall in US crude inventories last week, while market participants were
Oil & Gas
US Sanctions Have Taken 95% of Iranian Crude Oil Exports Off The World Market
In an appearance at The Economic Club of Washington, DC, Pompeo said sanctions, which were fully imposed in May, have had seemingly no impact on global crude oi
Oil & Gas
Britain' s Seizure of an Iranian Oil Tanker in Gibraltar is a Violation of the Nuclear Deal
Britain's seizure of an Iranian oil tanker in Gibraltar is a violation of the 2015 nuclear deal, Abbas Araqchi, a senior member of the team who negotiated the d
Oil & Gas
China’s Customs Authorities Show Iranian Oil Imports Declined Further in June
The latest figures issued by China’s customs authorities show Iranian oil imports declined further in June reaching a low of 208,205 barrels per day, down 60 p
Oil & Gas
Saudi Arabia is Looking to Raise the Capacity of its East-West Oil Pipeline to 7 Million Bpd
Saudi Arabia, the world’s top crude oil exporter and the largest oil producer in OPEC, is one of the few oil producers in the Middle East that have some altern
Oil & Gas
Excess Output and Slowing Domestic Demand Forces China to Export Petrol Cargoes
A wave of new production and slowing domestic demand have forced China to export petrol cargoes to Nigeria and Mexico as the Asian country ramps up petrol expor
Oil & Gas
Venezuela Opposition Divided by Proposal for Iraq-Style 'Oil-for-Food' Program
A proposal to modify U.S. oil sanctions on Venezuela to allow crude exports to be bartered for food has divided the country’s opposition between those who say
Oil & Gas
China’s Relationship with Iran is Being Put to the Test After US Sanctions
China’s relationship with Iran is being put to the test after US president Trump slammed sanctions on Chinese state-run energy company Zhuhai Zhenrong for alle
Oil & Gas
Iran Foreign Minister Said Iran will Use its Best Efforts to Secure the Strait of Hormuz
Iran will secure the Strait of Hormuz and not allow any disturbance in shipping in the key oil transport waterway, Iranian Deputy Foreign Minister Abbas Araqchi
Oil & Gas
China’s Foreign Ministry Said that it Strongly Opposes U.S. Sanctions
China’s foreign ministry said on Tuesday that it strongly opposes U.S. sanctions on a Chinese energy firm for allegedly violating restrictions imposed on Iran
Oil & Gas
The International Energy Agency is Closely Monitoring Developments in the Strait of Hormuz
The International Energy Agency is closely monitoring developments in the Strait of Hormuz, including the recent seizure of a UK-flagged oil tanker, and stands
Oil & Gas
Japan will Continue Importing Crude Oil from the Middle East
Japan will continue importing crude oil from the Middle East despite escalating tensions in the Strait of Hormuz, but will also make efforts to diversify supply
Oil & Gas
U.S. Sanctions Chinese State Energy Company Zhuhai Zhenrong Co. Ltd. for Buying Oil From Iran
In an address at an event in Florida on Monday, U.S. Secretary of State Mike Pompeo said that the United States has blacklisted Chinese state energy company Zhu
Oil & Gas
Britain has Called Iran's Capture of the Stena Impero is a "hostile act"
Iran's ambassador to Britain warned against escalating tensions on Sunday as a UK official declined to rule out sanctions in response to Tehran's seizure of a B
Oil & Gas
Millions of Barrels of Iranian Oil Are Piled Up in China’s Ports
Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s
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