Oil – Page 20 – THE OVAL CIRCLE

Maduro Defends Iran & Venezuela’s Right to ‘Trade Freely’, Thanks Tehran for Help Amid US Sanctions

Posted on May 26, 2020May 26, 2020By Editor

The first Iranian tanker carrying gasoline and the components to produce it from oil arrived in the Bolivarian Republic on 24 May, despite the two countries’ concerns that it risked being intercepted by the US Navy, which is patrolling the Caribbean. … Read More >Maduro Defends Iran & Venezuela’s Right to ‘Trade Freely’, Thanks Tehran for Help Amid US Sanctions

Business

A huge fleet of 117 tankers is bringing super cheap crude to China

Posted on May 19, 2020May 19, 2020By Editor

While the rest of the world is tentatively coming out of lockdowns, China is taking advantage of the cheapest crude oil in years to stock up as demand is starting to return in the world’s largest oil importer. … Read More >A huge fleet of 117 tankers is bringing super cheap crude to China

Middle East

Syrian Troops Demine Hundreds of Hectares of Land in Bid to Rebuild War-Torn Nation

Posted on May 4, 2020May 4, 2020By Editor

Syrian troops have demined another 1.7 hectares (4.2 acres) of territory in the past 24 hours, the Russian Defence Ministry’s Centre for Reconciliation has reported. … Read More >Syrian Troops Demine Hundreds of Hectares of Land in Bid to Rebuild War-Torn Nation

Business

China boosts oil imports from Russia, while slashing purchases from Saudi Arabia

Posted on April 26, 2020April 26, 2020By Editor

Shipments of Russian crude oil to China increased more than 30 percent in March compared to a year earlier while Saudi imports of the commodity sank, Reuters reported, citing Chinese customs data. … Read More >China boosts oil imports from Russia, while slashing purchases from Saudi Arabia

Business

US oil storage to hit its limit by mid-May

Posted on April 13, 2020April 13, 2020By Editor

By mid-May, US commercial oil storage units could be completely filled if drillers don’t scale back production amid the largest oil glut the world has ever seen. … Read More >US oil storage to hit its limit by mid-May

Business

Russia sets up new oil company to potentially take over operations in Venezuela

Posted on March 31, 2020March 31, 2020By Editor

A company specializing in the production and transportation of oil and gas has been set up in Russia, according to the state registry data. The new firm could take over projects in Venezuela after Rosneft sold its assets there. … Read More >Russia sets up new oil company to potentially take over operations in Venezuela

Latin America

US Imposes New Venezuela-Related Sanctions on Oil Company

Posted on March 12, 2020March 12, 2020By Editor

The US Treasury has once again expanded its list related to Washington’s sanctions against Venezuela by adding TNK Trading International S.A. According to the official statement, the sanctions are in response to the company’s alleged operations in Venezuela’s oil sector in violation of embargo measures imposed by the White House on the country’s economy. … Read More >US Imposes New Venezuela-Related Sanctions on Oil Company

Middle East

Erdogan Says Proposed Joint Management of Oil Fields in Deir ez-Zor, Syria With Russia

Posted on March 10, 2020March 10, 2020By Editor

The United States moved to “secure” oil rich-regions of eastern Syria late last year after moving troops away from the border with Turkey, sparking international condemnation and charges that Washington’s actions were a violation of international laws against pillaging. … Read More >Erdogan Says Proposed Joint Management of Oil Fields in Deir ez-Zor, Syria With Russia

Middle East

Syrian Interior Trade Minister Accuses US of Selling Syrian Oil to Other States via Turkey

Posted on February 29, 2020February 29, 2020By Editor

Syrian Interior Trade Minister Atef Naddaf has accused the US of selling oil from the Syrian oilfields through Turkey. … Read More >Syrian Interior Trade Minister Accuses US of Selling Syrian Oil to Other States via Turkey

Business

It’s just business: US & Britain buying more and more oil from Russia

Posted on February 27, 2020February 27, 2020By Editor

Russia more than doubled crude oil supplies to the United States and Britain in 2019, data from the Federal Customs Service (FCS) has revealed. … Read More >It’s just business: US & Britain buying more and more oil from Russia