Russia Extends Diesel Export Ban Until September 30
The US plans to acquire a 35% passive stake in Venezuelan businessman Alejandro Betancourt’s North American Blue Energy Partners, according to the Wall Street Journal.
Sanctions | Egypt Oil & Gas
US Sanctions Wellbred Capital Over Links to Iranian Oil Network
The US has sanctioned Wellbred Capital and affiliated trading firms over alleged links to Iranian oil shipping magnate Mohammad Hossein Shamkhani and his global shipping network.
Revised US, Russia Sanctions Bill Sparks Tariff Concerns
US senators have released a sanctions bill targeting Russia, lowering the proposed tariff to 100% from 500% in the previous version in an effort to secure broader congressional support, Reuters reported.
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US Waiver Sparks Iran, Japan Oil Resumption Talks
Iran has initiated preliminary talks with Japanese firms to resume crude oil sales under a temporary 60-day US sanctions waiver issued on June 22, Reuters reported. The initial discussions mark a potential return ...
US Waiver on Russian Oil Purchases Expires
The Trump administration allowed a sanctions waiver that had enabled countries, including India, to buy Russian seaborne crude, to lapse
New US Sanctions Target Iran Oil Shipments to China Ahead of Trump-Xi Meeting
The US has imposed sanctions on three individuals and nine companies for facilitating Iranian oil shipments to China, including entities based in Hong Kong, the United Arab Emirates, and Oman.
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.
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 ...
