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Reuters corrects story on alleged deal between Rosneft and Venezuelan oil company

2 hours ago DieselGasoil Comments Off on Reuters corrects story on alleged deal between Rosneft and Venezuelan oil company
Reuters has corrected its piece alleging a shady scheme involving Russian oil giant Rosneft helping Venezuela evade US sanctions. The news agency said it did not determine that any payments actually took place. The exclusive story was originally published by Reuters on April 18. Based solely on undisclosed “documents and sources,” it claimed that Rosneft was Read More

Oil surges amid OPEC caution to offset Iran sanctions

9 hours ago DieselGasoil Comments Off on Oil surges amid OPEC caution to offset Iran sanctions
NEW YORK (Reuters) – Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end waivers for buyers of Iranian crude. Output in Saudi Arabia, the world’s top oil Read More

Oil hits highest since November as U.S. to tighten Iran sanctions

13 hours ago DieselGasoil Comments Off on Oil hits highest since November as U.S. to tighten Iran sanctions
LONDON (Reuters) – Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply. FILE PHOTO: Gas flares from an oil production platform at the Soroush oil fields in the Read More

OPEC+ oil cuts jeoperdized by Iran waiver termination

1 day ago DieselGasoil Comments Off on OPEC+ oil cuts jeoperdized by Iran waiver termination
By Salma El Wardany on 4/22/2019 Photo: Pumpjack in the Middle East. CAIRO (Bloomberg) — As the U.S. ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market. The decision may also jeopardize the deal that OPEC and allied suppliers including Russia reached to limit output Read More

U.S. to end all waivers on imports of Iranian oil, crude price jumps

1 day ago DieselGasoil Comments Off on U.S. to end all waivers on imports of Iranian oil, crude price jumps
WASHINGTON (Reuters) – The United States on Monday demanded that all buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran’s oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch. The Trump administration’s move on Monday not to renew exemptions Read More

Iran waivers jeoperdize OPEC+ oil cuts

1 day ago DieselGasoil Comments Off on Iran waivers jeoperdize OPEC+ oil cuts
By Salma El Wardany on 4/22/2019 Photo: Pumpjack in the Middle East. CAIRO (Bloomberg) — As the U.S. ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market. The decision may also jeopardize the deal that OPEC and allied suppliers including Russia reached to limit output Read More

U.S. to end all waivers on Iran oil imports, crude price jumps

1 day ago DieselGasoil Comments Off on U.S. to end all waivers on Iran oil imports, crude price jumps
WASHINGTON (Reuters) – The United States demanded a cut off of Iranian oil exports to major importers like China and India who had been granted exemptions from sanctions, sending crude prices to six-month highs on fears the U.S. action could lead to a supply crunch. Secretary of State Mike Pompeo, in a briefing on Monday, Read More

Sovereignty has become ‘fragile’ in world full of US interference – Russia’s top military official

1 day ago DieselGasoil Comments Off on Sovereignty has become ‘fragile’ in world full of US interference – Russia’s top military official
Terrorism and wars remain major concerns of world nations, but they’ve become more wary of threats to sovereignty – something “fragile” when exposed to outside meddling, such as that of the US, Minister Alexander Fomin told RT. The Russian deputy defense minister spoke with RTD ahead of the Moscow Conference on International Security, which kicks Read More

Oil jumps on U.S. plans to tighten Iran sanctions, dollar eases

1 day ago DieselGasoil Comments Off on Oil jumps on U.S. plans to tighten Iran sanctions, dollar eases
NEW YORK (Reuters) – Crude oil jumped almost 3% on Monday after the United States said it will tighten a clamp-down on Iranian oil exports in May while U.S. equities were little changed as Wall Street braced for corporate results in a busy earnings week. FILE PHOTO: A trader works on the floor at the Read More