Wednesday, August 13, 2025
U.S. imposes new sanctions on Iran's shadow fleet- oil and gas 360

U.S. imposes new sanctions on Iran’s shadow fleet

(Oil Price) – The United States has imposed sanctions on more than 30 people and vessels for selling and transporting Iranian petroleum-related products as part of the country’s” shadow fleet,” the Treasury Department has announced. The latest sanctions target tanker operators and managers in India and China; oil brokers in the United Arab Emirates (UAE) and Hong Kong and the

OPEC+ risks losing control with more output delays: Bousso- oil and gas 360

OPEC+ risks losing control with more output delays: Bousso

(BOE Report) – OPEC and its allies face a tricky dilemma: should they start loosening oil production caps even though the crude supply and demand picture is unlikely to improve in the near future? They may well opt to again delay the crucial moment to keep prices steady, but they increasingly risk losing control of the market. The Organization of

Oil prices steady as traders await progress on push for Ukraine peace deal- oil and gas 360

Oil prices steady as traders await progress on push for Ukraine peace deal

(Investing) – LONDON – Oil prices steadied on Monday as investors awaited clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports from northern Iraq. Brent futures were down 6 cents, or 0.1%, at $74.37 barrel by 1302 GMT while U.S. West Texas Intermediate crude futures declined by 14 cents, or 0.2%,