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Thursday, October 1st, 2020
Home » Tag Archives: Oil Sanctions

Tag Archives: Oil Sanctions

Oil-rich Iran increases fuel prices. People erupt in fury. “Shoot-to-kill” order in effect

PortandTerminal.com, November 20, 2019 Anger over a sharp hike in fuel prices sparks massive demonstrations in oil-rich Iran. Security forces using live ammunition on protestors. Claims that a “shoot-to-kill” order is in effect. TEHRAN, IRAN – The US sanctions on Iran have been brutal on the Iranian people. Unemployment is high, the currency’s value has been halved and inflation sits …

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Planeloads of cash from Russia have been shipped to Venezuela to sanctions

PortandTerminal.com, November 3, 2019 Venezuela kept afloat thanks to $315 million in cash sent from Russia, customs records suggest MOSCOW, RUSSIA – Bloomberg is reporting that Russia shipped hundreds of millions of dollars to Venezuela to help the beleaguered government of Nicolas Maduro evade US sanctions. Venezuelan President Nicolas Maduro: A little punch-drunk but still ready for a fight A …

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Is Venezuela still a mess? Yes. Here’s what’s going on with its oil industry now

PortandTerminal.com, October 15, 2019 Venezuela can’t sell its oil and storage tanks are full — so it’s giving it away to Cuba PortandTerminal.com, October 15, 2019 MIAMI, FL – With the recent oil market gyrations happening in the Middle East lately Venezuela has fallen out of the day to day spotlights of “countries in a deep mess”. Is Venezuela still …

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Iran’s leader blames unspecified “government” for latest tanker attack

PortandTerminal.com, October 14, 2019 Iran’s President Hassan Rouhani said an Iranian tanker damaged in the Red Sea on Friday had been hit by at least two rockets, and there is video footage of the incident, although none has been presented. DUBAI – Iran’s President Hassan Rouhani vows to respond to an attack on one of the country’s oil tankers in …

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U.S. Sanctions Hit Global Oil Fleet as Traders Shun Nearly 300 Tankers

October 11, 2019 by Reuters By Marianna Parraga and Roslan Khasawneh MEXICO CITY/SINGAPORE, Oct 11 (Reuters) – Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said. The move has taken roughly 3% of the global oil tanker fleet out of the market, …

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Iranian oil tanker hit by two missiles near Saudi port

October 11, 2019 by Reuters By Parisa Hafezi and Sylvia Westall DUBAI, Oct 11 (Reuters) – An Iranian-owned oil tanker was struck, probably by missiles, in the Red Sea off Saudi Arabia’s coast on Friday, Iranian media said, an incident that if confirmed will stoke tension in a region rattled by attacks on tankers and oil sites since May. The Sabiti The …

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COSCO Tankers Go Dark Amid U.S. Sanctions

October 9, 2019 by Reuters By Shu Zhang and Roslan Khasawneh SINGAPORE, Oct 9 (Reuters) – About one-third of the oil tankers owned by COSCO Shipping Tanker (Dalian) have shut off their ship-tracking transponders since the United States imposed sanctions on the company for allegedly shipping Iranian crude, shipping data showed. From Sept. 30 to Oct. 7, a total of 14 COSCO …

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US Sanctions Russian Ships for Jet Fuel Deliveries to Syria

PortandTerminal.com, September 27, 2019 The Trump administration imposed sanctions Thursday against a Moscow-based firm and five vessels the Treasury Department said shipped fuel to Syria used to support the Assad regime’s bombing campaigns against civilians. WASHINGTON – The U.S. Department of the Treasury has announced new sanctions against Russian entities and vessels over their alleged involvement in “a sanctions evasion …

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Chevron allowed to keep drilling in Venezuela for another 3 months

PortandTerminal.com, July 28, 2019 President Trump has renewed Chevron’s license to drill for oil in the embattled South American country for at least 3 more months. WASHINGTON – The Trump administration said on Friday that it has renewed Chevron Corp’s licence to drill for oil and gas in Venezuela despite sanctions, signalling that it sees value in having the US oil producer …

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BREAKING: U.S. wants an international military coalition to patrol off of Iran and Yemen’s coasts

PortandTerminal.com, July 9, 2019 Reuters reported last night that the US Administration wants a military coalition to address the maritime threat that it feels Iran and Yemen pose to American and international security (oil) interests in the region. WASHINGTON (Reuters) – The United States hopes to enlist allies over the next two weeks or so in a military coalition to …

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