Iran is estimated to have lost up to $10 billion since US sanctions were re-imposed in November last year as a result of which 1.5
Tag: US Sanctions
Defying US Sanctions: Saudi Oil ‘Accidentally’ Headed for Venezuela
Saudi Arabia sent a large unusual shipment of oil to Venezuela, with shipments between the two countries being very rare. Supertanker Abqaiq – a very
US Sanctions Venezuela’s State-Run Oil Giant PDVSA
The Trump administration started this week by imposing sanctions on Venezuelan state-owned oil company PDVSA with the intention of curbing the country’s crude exports to
The US Oil Embargo on Iran: A New Oil Shock?
The Vienna agreement from 14 July 2015 on Iran’s nuclear activities was a game changer for the oil market in the Middle East. The oil
Market Update: Oil Prices Slump as US Sanctions on Iran Loom Large
Brent oil prices has gone down recently in response to the rising global supply and persisting weakness in global stock markets despite the coming sanctions
White House Pondering Exceptions to Oil Sanctions on Iran
The White House is actively considering exceptions to the US sanctions on Iran that it will reimpose in November. Countries that are being considered are
Filling in Oil Supply Gap Against the Backdrop of Iranian Sanctions
Saudi Crown Prince Mohammed bin Salman has said that his country had filled in the supply gap that had been created after Iranian crude supplies
Geopolitics of Energy: China’s Sinopec Succumbs to US Pressure Over Iran
China’s Sinopec has succumbed to the US pressure and curbed its crude imports from Iran. While the numbers are unclear, based on the current supply
Oil Market Update: Iranian Crude Export Already Down
Iranian oil exports are down before the second round of US sanctions enters into force at the beginning of November. The Iranian economy is poised
Geopolitics of Energy: Russian Oil Producers Seek Alternatives for US Dollar
Russian producer Surgutneftegaz is trying to make buyers to relinquish the US dollar and instead pay for the crude in euros. The company seeks to