Post Tagged with: "US Sanctions"

Source: Reuters

Venezuela rushes to mend Iran relationship as US sanctions loom

Yahoo News


PUNTO FIJO/CARACAS/HOUSTON – Iran and Venezuela are trying to patch together an oil alliance that began to fray last year, according to six people familiar with the matter, after the South American country fell behind on oil swaps …

Source: World Oil

Russia begins production from Arctic LNG 2 project despite U.S. sanctions

World Oil


(Bloomberg) – Russia’s biggest liquefied natural gas (LNG) producer began production at its Arctic LNG 2 project — despite U.S. sanctions — in a move that could provide some relief to the tight global market for the fuel.…

January 2, 2024 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News, LNG, Russia
Source: Reuters

Oil surges on US sanctions, tight stockpile forecasts

Investing


LONDON -Oil prices leapt more than $3 on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, with global inventories forecast to decline through the fourth quarter.

Brent

Source: NBC

EXCLUSIVE Chevron set to trade Venezuelan oil if U.S. relaxes sanctions -sources

NBC News


MIAMI — Senior U.S. officials secretly traveled to Venezuela over the weekend in a bid to unfreeze hostile relations with Vladimir Putin’s top ally in Latin America, a top oil exporter whose re-entry into U.S. energy markets could …

Sour World Oil

Defying U.S. sanctions, Venezuela doubles crude oil exports

World Oil


(Bloomberg) –Oil exports from Venezuela doubled in December from a year earlier as the country raises production of revenue-generating hydrocarbons in defiance of U.S. sanctions.

Shipments averaged 619,000 barrels a day in December. The OPEC-founding member increased exports …

January 4, 2022 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: World Oil

Iran bases its 2022 budget on $60 oil

World Oil


(Bloomberg) –The budget bill for Iran’s next calendar year is based on an oil price of $60 a barrel, up from $40 this year, the semi-official Fars news agency reported.

The country expects to export around 1.2 million

Source: World Oil

Prospects dim for Iran’s oil revival with Biden’s nuclear deal slipping away

World Oil


(Bloomberg) –The Biden administration faces the sobering reality that returning to the Iran nuclear deal may no longer be feasible, as the Islamic Republic finds ways to cope with U.S. sanctions and races toward the capacity to build …

Source: CNBC

Iran’s President-elect Raisi rules out meeting Biden as oil markets look to nuclear deal’s future

CNBC


DUBAI, United Arab Emirates — Iranian President-elect Ebrahim Raisi gave his first press conference since the country’s election, saying Monday his priorities would be to improve ties with regional neighbors and revive the 2015 nuclear deal — and at …

Source: Reuters

Iran prepared to ramp up oil output quickly if U.S. sanctions eased – SHANA

Reuters


DUBAI – Iran is planning a speedy increase in its oil output, a senior oil ministry official said on Wednesday, as talks continue between Tehran and six major powers to lift U.S. sanctions that have seen it pumping far …

Source: CNBC

Russia to consider ditching dollar-denominated oil contracts if faced with more U.S. sanctions

CNBC


Russian Deputy Prime Minister Alexander Novak on Thursday said the oil and gas-rich country may soon be tempted to move away from U.S. dollar-denominated crude contracts if President Joe Biden’s administration continues to impose targeted economic sanctions.

“Well, ideally

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 …