Post Tagged with: "US Sanctions"

Source: Reuters

Iran rejects ending 20% enrichment before U.S. lifts sanctions-state TV

Reuters


DUBAI -Iran will not stop its 20% uranium enrichment before the United States lifts all sanctions, Iranian state TV quoted an unnamed official as saying on Tuesday, after a U.S. media report said Washington would offer a new proposal …

Source: Reuters

Gazprom chairman says Nord Stream 2 gas pipeline to be finished this year despite U.S. pressure – TASS

Reuters


MOSCOW  – The chairman of Russian gas producer Gazprom’s board was cited by the TASS news agency on Friday as saying that construction of the Nord Stream 2 gas pipeline to Germany would be completed this year despite U.S. …

Source: Reuters

Germany says there is exchange with U.S. on Nord Stream 2

Reuters


BERLIN – There is an exchange between the U.S. government and Germany regarding the Nord Stream 2 pipeline to take Russian gas to Europe, a German government spokeswoman said on Friday without giving details.

Germany and Russia say Nord …

Source: Reuters

U.S. senators prod Biden administration on Nord Stream 2 pipeline sanctions

Reuters


WASHINGTON – Two U.S. senators urged President Joe Biden to ensure the implementation of sanctions passed in January aimed at stopping the Nord Stream 2 Russia-to-Germany gas pipeline project, which a State Department spokesman reiterated on Friday was a …

Source: Reuters

Iran oil output faces race against time as U.S. sanctions linger

Reuters


LONDON/SINGAPORE – Iran’s oil reserves risk becoming stranded assets unless the new U.S. administration eases sanctions that have left the country lagging rivals in output capacity and losing a race against time as the transition to low carbon energy …

February 15, 2021 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Analysis: Iran oil output faces race against time as U.S. sanctions linger

Reuters


LONDON/SINGAPORE – Iran’s oil reserves risk becoming stranded assets unless the new U.S. administration eases sanctions that have left the country lagging rivals in output capacity and losing a race against time as the transition to low carbon energy …

Source: Reuters

Iran’s oil exports rise ‘significantly’ despite sanctions, minister says

Reuters


DUBAI/LONDON – Iran’s oil exports have climbed in recent months and its sales of petroleum products to foreign buyers reached record highs despite U.S. sanctions, the oil minister said on Friday.

Bijan Zanganeh did not give figures but said …

Source: Reuters

Venezuela slams U.S. court approval of Citgo parent sale as ‘fraudulent’

Reuters


CARACAS – Venezuelan Foreign Minister Jorge Arreaza on Saturday criticized a U.S. court ruling authorizing a sale of the shares in the parent company of U.S. refiner Citgo Petroleum Corp, calling it the result of a “fraudulent judicial process.”…

Source: Reuters

IEA says oil, gas methane emissions down 10% in 2020 as output fell

Reuters


LONDON – Global emissions of the potent greenhouse gas methane from oil and gas production dropped 10% in 2020 mainly because of lower output as opposed to concerted climate action, a report by the International Energy Agency (IEA) found.…

Source: Reuters

Exclusive: U.S. tells European companies they face sanctions risk on Nord Stream 2 pipeline

Reuters


WASHINGTON – The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final …

January 13, 2021 - 11:30 am Closing Bell Story‎, Energy News, Natural Gas News
Source: Reuters

Venezuela’s oil exports sink to 1940’s level under tighter U.S. sanctions -data

Reuters


Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA, financially squeezing socialist President Nicolas Maduro.

The administration of U.S. President …

Source: Reuters

Special Report: UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions

Reuters


NEW YORK – In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade.

Within weeks, a little-known …

December 29, 2020 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Russian Nord Stream 2 pipe-laying vessel leaves German site, indicating project progress

Reuters


MOSCOW – The Russian pipe-laying vessel Fortuna has left the Nord Stream 2 gas pipeline construction site in the Baltic Sea, Refinitiv Eikon data showed on Monday, indicating that the 2.6-km stretch of the project in German waters may …

December 28, 2020 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Pipeline News
Source: Reuters

Russia restarts Nord Stream 2 pipeline construction despite U.S. sanctions

Reuters


MOSCOW – Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday.

The pipeline, which Washington says compromises European …

December 11, 2020 - 12:30 pm Closing Bell Story‎, Energy News, Natural Gas News, Pipeline News
Source: Reuters

Iran outlines budget, promises less reliance on oil amid U.S. sanctions

Reuters


DUBAI – Iran’s government presented a draft state budget of about $33.7 billion to parliament on Wednesday, promising less reliance on oil revenues and higher growth despite U.S. sanctions that have crippled the Islamic Republic’s economy, Iranian media reported.…

Source: Reuters

Sanctions on Russia gas pipeline included in annual U.S. defense bill

Reuters


WASHINGTON – Sanctions that could hinder one of Moscow’s most important projects in Europe, the Nord Stream 2 natural gas pipeline, have been included in the annual U.S. defense policy bill, two congressional aides said on Wednesday.

The sanctions …

November 12, 2020 - 12:00 pm Closing Bell Story‎, Energy News, Pipeline News
Source: Reuters

Top shipping insurance group will not cover ships linked to Nord Stream 2

Reuters


MOSCOW – The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.

Associations belonging to the International Group of …

September 23, 2020 - 12:00 pm Closing Bell Story‎, Energy News, LNG, Natural Gas News
Source: Reuters

EU ‘highly concerned’ by U.S. stance on Nord Stream pipeline

Reuters


FRANKFURT  – A delegation of EU member states has raised concerns with the U.S. State Department that sanctions in response to the construction of the Nord Stream 2 gas pipeline under the Baltic Sea are a breach of international …

Venezuela crude output falls in June to lowest since Feb 1943, OPEC data show

Venezuela crude output falls in June to lowest since Feb 1943, OPEC data show

Reuters


Venezuela’s crude output fell in June to the lowest level in nearly eight decades, data the country provided to OPEC showed on Tuesday, as U.S. sanctions on state oil company Petroleos de Venezuela choke off exports.

Venezuela crude output falls in June to lowest since Feb 1943, OPEC data show- oil and gas 360

Venezuela’s production tmsnrt.rs/2SNPoam …

July 14, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Exclusive: Oil tankers turn away from Venezuela as more sanctions loom

Reuters


Two tankers that were sailing toward Venezuela to load crude have turned around since the weekend and three other vessels have left Venezuelan waters as the United States considers blacklisting dozens of ships for transporting the country’s oil, according …

U.S. senators weigh additional sanctions on Russia’s Nord Stream 2

U.S. senators weigh additional sanctions on Russia’s Nord Stream 2

Reuters


WASHINGTON/FRANKFURT/MOSCOW – Two U.S. senators are considering drafting further sanctions on Russia’s Nord Stream 2 natural gas pipeline if Moscow goes ahead and finishes laying pipes, in another blow to a project which has already faced delays.

U.S. sanctions …

Source: Reuters

PDVSA, Chevron to turn Venezuela crude blending plant back into upgrader: sources

Source: Reuters


CARACAS (Reuters) – Venezuelan state oil company PDVSA and Chevron Corp plan to turn their joint venture Petropiar plant back into a crude upgrader, after months operating as a less complex blending facility, three people familiar with the …

Source: Reuters/Rodrigo Garrido

Tankers sail after U.S. allows sanctions-hit COSCO unit to wind down oil deals

Reuters


At least three tankers are on their way to Asia with U.S. oil cargoes after Washington gave temporary approval to wind down transactions with a Chinese shipping company that it sanctioned last month, according to data and shipping sources.…

Trump administration gives energy companies another three months in Venezuela

Trump administration gives energy companies another three months in Venezuela

Source: Houston Chronicle


The Trump administration has given five energy companies with headquarters or major operations in Houston permission to stay in Venezuela another three months despite harsh economic sanctions designed to unseat strongman Nicolas Maduro.

In a Monday afternoon …

Oil falls but losses limited by new Brexit deal

Oil falls but losses limited by new Brexit deal

Source: Reuters


LONDON (Reuters) – Oil prices fell on Thursday as industry data showed a larger-than-expected increase in U.S. inventories but losses were limited after Britain and the European Union announced they had reached a deal on Brexit.

Global benchmark …

Source: Reuters

U.S. ‘deeply concerned’ about untrackable China ships carrying Iran oil: officials

Source: Reuters


WASHINGTON (Reuters) – The White House is warning Chinese shipping companies against turning off their ships’ transponders to hide Iranian oil shipments in violation of U.S. sanctions, two senior administration officials said.

“We’ve been messaging very heavily to …

October 16, 2019 - 11:45 am Closing Bell Story‎, Crude Oil News, Energy News, International
U.S. sanctions hit global oil fleet as traders shun nearly 300 tankers

U.S. sanctions hit global oil fleet as traders shun nearly 300 tankers

Source: Reuters


MEXICO CITY/SINGAPORE (Reuters) – Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said.

The move has taken roughly …

Panama Canal Will Not Block Venezuela Vessels Despite U.S. Sanctions

Panama Canal Will Not Block Venezuela Vessels Despite U.S. Sanctions

From Reuters


The Panama Canal will continue authorizing vessels coming from Venezuela provided they present the necessary paperwork, the waterway’s chief said on Wednesday, suggesting a new round of U.S. sanctions on the South American nation should not make a …

OPEC Oil Output Hits Lowest Since 2011 on Saudi Cut, Sanctions: Reuters Survey

OPEC Oil Output Hits Lowest Since 2011 on Saudi Cut, Sanctions: Reuters Survey

From Reuters


OPEC oil output hit an eight-year low in July as a further voluntary cut by top exporter Saudi Arabia deepened losses caused by U.S. sanctions on Iran and outages elsewhere in the group, a Reuters survey found.

The …