• 4 minutes Nord Stream 2 Halt Possible Over Navalny Poisoning
  • 8 minutes America Could Go Fully Electric Right Now
  • 11 minutes JP Morgan says investors should prepare for rising odds of Trump win
  • 1 day Permian in for Prosperous and Bright Future
  • 7 hours Daniel Yergin Book is a Reality Check on Energy
  • 1 day YPF to redeploy rigs in Vaca Muerta on export potential
  • 1 day Gepthermal fracking: how to confuse a greenie
  • 13 hours Famine, Economic Collapse of China on the Horizon?
  • 13 hours Oil giants partner with environmental group to track Permian Basin's methane emissions
  • 2 days US after 4 more years of Trump?
  • 1 day Top HHS official takes leave of absence after Facebook rant about CDC conspiracies
  • 2 days The Perfect Solution To Remove Conflict Problems In The South China East Asia Sea
  • 7 hours Open letter from Politico about US-russian relations
  • 3 days Surviving without coal is a challenge!!
  • 3 days Portuguese government confirms world record solar price of $0.01316/kWh
Oil Rallies Despite Bearish Demand Forecasts

Oil Rallies Despite Bearish Demand Forecasts

Oil prices rallied this week…

Is This The Cleanest Energy On Earth?

Is This The Cleanest Energy On Earth?

As the green revolution kicks…

Editorial Dept

Editorial Dept

More Info

Premium Content

The Oil Tanker Captains Facing U.S. Sanctions

  • The U.S. has added five new names to its sanctions list, with five Iranian oil tanker captains now included.

Politics, Geopolitics & Conflict

The United States has now added more names to its sanctions list for Venezuela-related transgressions. Five oil tanker captains--all Iranian nationals--who brought 1.5 million barrels of Iranian gasoline and supplies to Venezuela earlier this year have been added. The sanctions not only block any US assets the captains may have, but they also bar any US persons from any dealings with them. These are just the latest in a string of related sanctions on Venezuela in an attempt to oust Maduro.

Shell has begun to evacuate its staff from its 225.000 bpd Bonga FPSO in Nigeria after a number of workers were diagnosed with Covid-19. Bonga FPSO had already been partially shuttered for maintenance.

Iraq’s parliament has approved a $5-billion loan from abroad to tide it over during the oil price crash. OPEC’s #2 producer has been hit particularly hard by the effects of the pandemic and resulting oil price crash, not least because of its political turmoil. The loan will be used in part to pay government salaries in this fragile rentier country.

The Trump administration has released its final plan to expand oil drilling in the Arctic Reserve of Alaska. The plan calls for 18.6 million acres of the 23 million acres in the reserve to be leased for oil and gas exploration. The plan would overturn protections that have been afforded to the sensitive area, although the Obama administration’s plan allowed development…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News