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Kremlin rejects price cap put on its oil by US, allies as unacceptable; Kiev says it lacks serious effect
Dec 04, 2022 04:43The Kremlin has rejected a $60-per-barrel price cap that the US and its allies in the European Union and the Group of Seven have agreed to place on Russian oil imports as an attempt to starve Moscow's ongoing campaign in Ukraine.
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West’s ‘dangerous’ price cap won’t curb demand for Russian oil: Moscow
Dec 03, 2022 11:08Russia will keep looking for buyers for its oil despite a “dangerous” attempt by the West to introduce a $60 price cap on Russian oil amid a pressure campaign against Moscow over the conflict in Ukraine, the Russian embassy in the United States says.
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Venezuela's Maduro calls for 'complete lifting' of oil sanctions
Dec 02, 2022 13:12Venezuela's president has called on the US to fully lift its sanctions on the country's oil sector, saying the easing of an oil embargo on his country by the United States was not enough.
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Iran’s Oil Ministry opens first office in Iraq
Nov 30, 2022 02:27The Iranian Oil Ministry has opened a first independent office in Iraq amid plans between the two neighboring countries to boost their bilateral energy cooperation.
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US issues expanded license to allow Chevron to import Venezuelan oil
Nov 27, 2022 04:12Chevron Corp on Saturday received an expanded US license allowing the second-largest US oil company to resume production in Venezuela and to import the South American country's crude into the United States.
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EU members fail to agree on price cap for Russian oil
Nov 24, 2022 11:22Member states of the European Union have failed to reach an agreement on a proposed price cap for Russian sea-borne oil, planning to keep negotiating about the matter.
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Iran's oil exports back to pre-sanction levels: President
Nov 20, 2022 03:01Pointing to the failure of the enemy’s policy of maximum pressure on Iran, President Seyyed Ebrahim Raeisi said the country’s oil exports has reached the pre-sanction levels.
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Oil tanker associated with Israeli billionaire struck by drone off Oman coast
Nov 16, 2022 09:13A Liberian-flagged oil tanker associated with an Israeli billionaire has been struck in an exploding drone attack off the coast of Oman, reports say.
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US forces loot 94 more truckloads of Syrian oil, wheat: Report
Nov 13, 2022 04:22US occupation forces in Syria and their local Kurdish mercenary allies have reportedly looted another 94 tankers and trucks loaded with the country’s oil and wheat, illegally transporting them to neighboring Iraq.
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Lebanon-bound convoy of Iranian fuel tankers attacked on Iraqi-Syrian border: Sources
Nov 09, 2022 04:16A convoy of tankers carrying fuel from Iran to Lebanon has come under attack on the Iraqi-Syrian border, according to media sources.