Even if Iran’s regime outlasts Trump, it may not survive reconstruction of the shattered economy
Tehran has been embolden by its ability to maintain tight control over the Strait of Hormuz and its…
Sanctioned Russian oil tanker nears Cuba
Havana: A Russian oil tanker under U.S. sanctions is set to arrive in Cuba on Monday, challenging Washington’s…
Cuba’s leader says US aggression would meet ‘impregnable resistance’
Cuban President Miguel Díaz-Canel has lashed out after U.S. President Donald Trump said that he can do “whatever…
Bulgaria’s Lukoil Refinery Slashes Costs By $8 Million
Bulgaria’s Lukoil Neftohim Burgas refinery has saved $8 million in just two months after dropping its Swiss-based trading…
Why Cutting Russia Out of India’s Oil Mix Won’t Be Easy
India imports 85% of the oil it consumes. A third of that comes from Russia—or used to come…
Citgo Buys Venezuelan Oil for the First Time Since 2019 Sanctions
Citgo Petroleum, the U.S.-based refiner formerly owned by Venezuela’s state oil firm PDVSA, has bought its first Venezuelan…
U.S. Considers Sanctions Relief to Revive Venezuela’s Oil Output
The U.S. federal government is discussing the removal of some sanctions on Venezuela’s oil industry to make it…
Venezuelan Crude Is Losing Its Appeal in China
Chinese state-owned giant PetroChina, which hasn’t bought Venezuelan crude since the U.S. imposed sanctions on Venezuela in 2019,…
Venezuela Eyes $1.4 Billion in Oil Investments
Venezuela expects fresh oil investments of some $1.4 billion this year, which would be up from $900 million…
Why Venezuela’s Vast Oil Wealth Couldn’t Prevent Its Collapse
The dramatic events over the weekend in Venezuela have renewed global attention on a country that, on paper,…
How Will U.S. Sanctions on Russia Impact OPEC+ Strategy?
The OPEC+ group will decide this weekend on production levels for December, in the first meeting since the…
China and Iran Seal Oil-for-Infrastructure Deal to Bypass U.S. Sanctions
Politics, Geopolitics & Conflict China has formalized a barter-style framework with Iran in which crude oil is exchanged…