Crude and condensate in long-term floating storage hit its highest since August 2017 in May at 24 million barrels, as US sanctions against Venezuela and Iran hindered the ability of the OPEC members to export, data from analytics firm Vortexa showed.
News ID: 4882 Publish Date : 2019/06/23
Saudi Arabia’s top oil official said he was sure that OPEC+ will extend production cuts into the second half of the year after holding talks with Russia.
News ID: 4780 Publish Date : 2019/06/09
The oil market is expected to be in balance toward the end of 2019, as global inventories fall and demand remains strong, but OPEC’s job is not done yet, Kuwait’s oil minister told Reuters.
News ID: 4675 Publish Date : 2019/05/30
Venezuela sold about $570 million in gold from central bank reserves over the past two weeks, skirting U.S. Treasury sanctions designed to freeze assets of the Nicolas Maduro’s administration, according to people with knowledge of the matter.
News ID: 4585 Publish Date : 2019/05/19
Venezuela is in chaos. Iran is grappling with US sanctions. And now there is a surge of violence in Libya. Trouble in these three OPEC nations has helped send US oil prices climbing back above $64 a barrel.
News ID: 4313 Publish Date : 2019/04/11
Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, US sanctions against Iran and Venezuela, fighting in Libya as well as strong US jobs data.
News ID: 4269 Publish Date : 2019/04/09
The US is overwhelmingly likely to fail in its attempt to completely halt Iran's oil exports, analysts told CNBC, with President Donald Trump eager to avoid rising gasoline prices ahead of presidential elections next year.
News ID: 4222 Publish Date : 2019/04/07
OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of US sanctions on Iran and the crisis in Venezuela.
News ID: 4205 Publish Date : 2019/04/06
The US administration today imposed sanctions on Venezuelan state-owned National Development Bank (Bandes) and other financial institutions to protest the arrest yesterday of a top aide to Juan Guaidó, whom Washington recognizes as the country's interim leader.
News ID: 4136 Publish Date : 2019/03/23
OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of US sanctions on Iran and the crisis in Venezuela.
News ID: 4078 Publish Date : 2019/03/19
A month after the US administration imposed sanctions on Venezuela's national oil company PdV, expectations for a quick power transition in Caracas have faded, leaving Washington to consider its next steps.
News ID: 3786 Publish Date : 2019/03/01
Citigroup Inc. said it entered into a financing deal with Venezuela’s central bank in 2015 essentially using $1.6 billion of gold held at the Bank of England as collateral.
News ID: 3747 Publish Date : 2019/02/25
Dean Henderson, author and geopolitical analyst from Missouri, said the US empire is nearing its end, predicting that the 2015 nuclear deal between Tehran and world powers will stand despite US pressures and Washington’s intervention in Venezuela will fail.
News ID: 3686 Publish Date : 2019/02/21
Oil prices slipped away from 2019 highs on Wednesday, with surging US supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s sanctions on Iran and Venezuela.
News ID: 3682 Publish Date : 2019/02/21
India has asked one buyer of Venezuelan oil to consider paying the South American nation’s national oil company PDVSA in a way that avoids the US financial system, an Indian government source said, after Washington imposed fresh sanctions on Venezuela last month.
News ID: 3650 Publish Date : 2019/02/17
Venezuela's oil minister is in New Delhi this week hoping to convince India's key refiners to buy more of its crude and forge closer ties as the South American nation finds itself internationally isolated after the US imposed crippling sanctions on state-owned PDVSA last month.
News ID: 3618 Publish Date : 2019/02/14
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group’s production cuts and US sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday.
News ID: 3616 Publish Date : 2019/02/14
Aflurry of intensifying risks could trigger an energy market "crunch" over the coming months, according to the chief executive of BP.
News ID: 3615 Publish Date : 2019/02/14
PDVSA began a partial rationing of gasoline at gas stations in certain areas of Venezuela, as many gas stations in Caracas ran out of fuel as customers nervously filled up their tanks in anticipation of shortages, sources said Tuesday.
News ID: 3571 Publish Date : 2019/02/06
Iranian Oil Minister Bijan Zangeneh on Tuesday condemned the US sanctions against Venezuela’s state-run oil company.
News ID: 3561 Publish Date : 2019/02/05
