Oil Sales
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US Grants Month-Long Sanctions Waiver On Purchases Of Russian Oil Amid Iran War
Oil prices have since surged, squeezing countries and especially those dependent on energy exports from the region.
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New US Sanctions May Threaten Russian Oil Sales To India: Report
Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter sa
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India Sees No Hit To Fuel Exports From EU Action On Russian Oil: Report
India, a leading buyer of Russian oil, does not expect its fuel exports to be disrupted by a European Union ban on the purchase of Russian refined fuels beginning February 5, oil secretary Pankaj Jain said on Friday.
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Oil Hits 7-Year Peak On Political Risks, Supply Crunch
Brent futures rose 69 cents to settle at $90.03 a barrel, after hitting $91.70, the highest level since October 2014. U.S. crude closed 21 cents higher at $86.82 per barrel, after hitting a seven-year peak of $88.84 during the session.
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India's Refinery Throughput Stays Firm With Strong Recovery In Sight
Initial government estimates show that India's fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, reflecting a pick-up in industrial activity and mobility in Asia's third largest economy.
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Oil Falls From Seven-Year High As Russia Tensions Offset Fed Tightening
Oil prices fell on Thursday after Brent crude hit a seven-year high above $90 a barrel, as the market balanced concerns about tight worldwide supply with expectations the U.S.
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Oil Hits 7-Year Peak On Political Risks, Supply Crunch
Brent futures rose 69 cents to settle at $90.03 a barrel, after hitting $91.70, the highest level since October 2014. U.S. crude closed 21 cents higher at $86.82 per barrel, after hitting a seven-year peak of $88.84 during the session.
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India's July Gasoline Sales Above Pre-Pandemic Levels: Report
Daily sales of gasoline rose to 76,500 tonnes in July, a jump of about 3.6 per cent over the corresponding 2019 period and 5.7% over June this year, preliminary industry data showed on Friday.
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US 'Not In Iraq To Seize Anybody's Oil', Says Defense Secretary James Mattis
The United States is not about to plunder Iraq's petroleum reserves, Defence Secretary Jim Mattis, who arrived in Baghdad on Monday, said as he sought to soothe partners rattled by remarks President Donald Trump made.
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ISIS 'Enjoyed Turkish Money For Oil,' Says Israeli Minister
Israel's defence minister said on Tuesday that ISIS terrorists had been funded with 'Turkish money', an assertion that could hinder attempts to mend fences between the two countries after years of estrangement.
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US Says ISIS Has Made $1.5 Billion From Bank Looting, Oil Sales
ISIS terrorists have looted up to $1 billion from bank vaults in Syria and Iraq and has made at least another half a billion dollars from black market oil sales, senior US Treasury official Adam Szubin said on Thursday.
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In Growing War, Libya's PM Abdullah Al-Thinni Says His Government to Run Own Oil Sales
Libya's Prime Minister Abdullah al-Thinni said his government would run its own oil sales and deposit revenues abroad in a bid to divert proceeds away from a rival, self-declared administration in Tripoli.
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After Kirkuk, Kurds Want Quarter of Iraq Oil Revenue
A bolder Kurdistan, a bulwark against ISIL forces and strengthened by the seizure of the oil city of Kirkuk, wants a greater share of Iraq's oil revenue.
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Barack Obama Suspends Iran Oil Sanctions for Six Months
With Iran complying the commitment on its controversial nuclear weapons programme, the US President Barack Obama has suspended his action on Iranian oil sanctions for the next six months.
-
US Grants Month-Long Sanctions Waiver On Purchases Of Russian Oil Amid Iran War
Oil prices have since surged, squeezing countries and especially those dependent on energy exports from the region.
-
New US Sanctions May Threaten Russian Oil Sales To India: Report
Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter sa
-
India Sees No Hit To Fuel Exports From EU Action On Russian Oil: Report
India, a leading buyer of Russian oil, does not expect its fuel exports to be disrupted by a European Union ban on the purchase of Russian refined fuels beginning February 5, oil secretary Pankaj Jain said on Friday.
-
Oil Hits 7-Year Peak On Political Risks, Supply Crunch
Brent futures rose 69 cents to settle at $90.03 a barrel, after hitting $91.70, the highest level since October 2014. U.S. crude closed 21 cents higher at $86.82 per barrel, after hitting a seven-year peak of $88.84 during the session.
-
India's Refinery Throughput Stays Firm With Strong Recovery In Sight
Initial government estimates show that India's fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, reflecting a pick-up in industrial activity and mobility in Asia's third largest economy.
-
Oil Falls From Seven-Year High As Russia Tensions Offset Fed Tightening
Oil prices fell on Thursday after Brent crude hit a seven-year high above $90 a barrel, as the market balanced concerns about tight worldwide supply with expectations the U.S.
-
Oil Hits 7-Year Peak On Political Risks, Supply Crunch
Brent futures rose 69 cents to settle at $90.03 a barrel, after hitting $91.70, the highest level since October 2014. U.S. crude closed 21 cents higher at $86.82 per barrel, after hitting a seven-year peak of $88.84 during the session.
-
India's July Gasoline Sales Above Pre-Pandemic Levels: Report
Daily sales of gasoline rose to 76,500 tonnes in July, a jump of about 3.6 per cent over the corresponding 2019 period and 5.7% over June this year, preliminary industry data showed on Friday.
-
US 'Not In Iraq To Seize Anybody's Oil', Says Defense Secretary James Mattis
The United States is not about to plunder Iraq's petroleum reserves, Defence Secretary Jim Mattis, who arrived in Baghdad on Monday, said as he sought to soothe partners rattled by remarks President Donald Trump made.
-
ISIS 'Enjoyed Turkish Money For Oil,' Says Israeli Minister
Israel's defence minister said on Tuesday that ISIS terrorists had been funded with 'Turkish money', an assertion that could hinder attempts to mend fences between the two countries after years of estrangement.
-
US Says ISIS Has Made $1.5 Billion From Bank Looting, Oil Sales
ISIS terrorists have looted up to $1 billion from bank vaults in Syria and Iraq and has made at least another half a billion dollars from black market oil sales, senior US Treasury official Adam Szubin said on Thursday.
-
In Growing War, Libya's PM Abdullah Al-Thinni Says His Government to Run Own Oil Sales
Libya's Prime Minister Abdullah al-Thinni said his government would run its own oil sales and deposit revenues abroad in a bid to divert proceeds away from a rival, self-declared administration in Tripoli.
-
After Kirkuk, Kurds Want Quarter of Iraq Oil Revenue
A bolder Kurdistan, a bulwark against ISIL forces and strengthened by the seizure of the oil city of Kirkuk, wants a greater share of Iraq's oil revenue.
-
Barack Obama Suspends Iran Oil Sanctions for Six Months
With Iran complying the commitment on its controversial nuclear weapons programme, the US President Barack Obama has suspended his action on Iranian oil sanctions for the next six months.
