• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 days The United States produced more crude oil than any nation, at any time.
  • 8 days e-truck insanity
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 6 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 8 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 8 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 11 days Bankruptcy in the Industry
Editorial Dept

Editorial Dept

More Info

Premium Content

The U.S. May Reimpose Sanctions On Venezuela


Politics, Geopolitics & Conflict

While Israel’s Tamar gas field remains shut down due to the conflict with Hamas, Israeli gas flows to Egypt have now resumed (according to Bloomberg sources) from the country’s larger offshore field, Leviathan. Leviathan is used to meet domestic Israeli demand, which has now reportedly been met, freeing up supply for export to Egypt.

Washington has slapped partial sanctions on the state-owned Myanma Oil and Gas Enterprise for funneling oil revenues to the Myanmar military regime. Sanctions will come into effect on December 15 and will prohibit Americans from exporting or re-exporting the company’s oil and gas or from engaging in any financial services related to the company’s business.

Argentina will halt exports of oil and refined products unless domestic refiners manage to normalize diesel and gasoline supplies amid severe shortages at petrol stations this week.

Washington’s easing of sanctions for six months on Venezuelan oil may end up being even shorter-lived as the Venezuelan Supreme Court nullified voting in primary elections for an opposition presidential candidate, in a vote Maduro called a “fraud”. Washington had only temporarily lifted sanctions on the basis of a deal between the Maduro government and the opposition to hold internationally monitored elections in 2024. The White House has not yet made any concrete move as a result of the Supreme Court’s action.


Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News