US Tightens Sanctions on Iranian, Russian Oil as Waivers Expire
The US will not renew a 30-day sanctions waiver on Iranian oil shipments at sea set to expire this week, while also allowing a similar waiver on Russian oil to lapse over the weekend.
Sanctions | Egypt Oil & Gas
India to Receive First Iranian Oil in Seven Years After US Eases Sanctions
India is poised to receive its first shipment of Iranian oil in seven years, following the temporary lifting of US sanctions on Iranian crude and refined products to ease global supply pressures, according to Reut ...
ExxonMobil, Chevron Signal Interest in Venezuela Amid Sanctions Easing
US energy majors ExxonMobil and Chevron have expressed tentative interest in re-engaging with Venezuela’s petroleum sector following the easing of US sanctions, provided that the country establishes robust legal a ...
Chevron Seeks Broader US License to Boos Venezuelan oil exports
US oil major Chevron is in discussions with the Trump administration to broaden a key authorization that would allow the company to increase crude oil exports from Venezuela, including shipments to its own refiner ...
Putin Extends Deadline for Sale of Exxon’s Sakhalin-1 Stake to 2027
Russian President Vladimir Putin has extended by one year the deadline for the sale of ExxonMobil’s stake in the Sakhalin‑1 oil and gas project, giving the US major until January 1, 2027, to complete an exit deal, ...
Britain Exempts Zohr Field From Russia Sanctions
Britain added Egypt's Zohr gas field to a list of projects exempt from its Russia sanctions on December 18, according to Reuters. The exemption applies to the Mediterranean field where Russian oil major Rosneft ho ...
India’s Russian Crude Imports Set to Top 1 mmbbl/d in December Despite Sanctions
India’s imports of Russian crude oil are set to exceed 1 million barrels per day (mmbbl/d) in December, according to trade and refining sources, bucking earlier expectations of a sharp drop as refiners resume purc ...
EU Targets Traders, Shadow Fleet in Fresh Sanctions on Russian Oil
The European Union (EU) has imposed new sanctions on Russian oil interests, targeting traders and shipping networks accused of helping Moscow bypass Western restrictions on crude exports that fund its war in Ukrai ...
G7, EU Weigh Full Ban on Maritime Services for Russian Oil Exports
The Group of Seven countries (G7) and the European Union (EU) are discussing replacing the existing price cap on Russian oil with a full ban on providing maritime services for Russian oil exports, to further reduc ...
Exxon Mobil Eyes Lukoil’s Stake in Iraq’s West Qurna 2 Giant
Iraqi oil ministry officials said that ExxonMobil has reached out to express interest in acquiring Lukoil’s majority share in the massive West Qurna 2 oilfield, Reuters reported.
