Tag Archives: oil exports

The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic’s oil sector, including the Iranian Ministry of Petroleum, in Washington’s latest move to increase pressure on Tehran. The U.S. Treasury Department in a statement said it was slapping sanctions on key actors in Iran’s oil sector for …

Turkey’s agreements and cooperation with Libya’s internationally recognised government will continue despite Prime Minister Fayez al-Sarraj’s desire to quit, Presidential Spokesman Ibrahim Kalin was quoted as saying on Monday. In June, Turkish military support helped Sarraj’s Government of National Accord (GNA) repel an assault on Tripoli by Khalifa Haftar’s eastern-based …

President Tayyip Erdogan said on Friday Turkey was upset that Libya’s internationally recognised Prime Minister Fayez al-Sarraj, an ally, wants to quit next month and Ankara may hold talks with his government on the issue in the coming week. Sarraj announced on Wednesday his intention to step down by the …

The U.N. Security Council on Tuesday asked Secretary-General Antonio Guterres to appoint a special envoy to broker peace in Libya, although Russia and China abstained from voting on the resolution that also extended the U.N. mission in the country. Ghassan Salame, who headed the U.N. political mission and was also …

Turkish and Russian officials will meet in Ankara this week for a new round of talks on developments in Syria and Libya, where the two countries back opposing sides, Turkey’s Foreign Ministry said on Monday. “Consultations between Turkish and Russian interagency delegations on Libya and Syria will continue at a …

Japan imported from the United Arab Emirates 21.564 million barrels of crude oil in April 2019, data released by the Agency of Energy and Natural Resource in Tokyo showed. This accounts for 23.7 percent of Japan’s total crude imports, the agency that belong to the Ministry of Economy, Trade and …

Kuwait has all but stopped shipping crude to the US for the first time since the aftermath of Saddam Hussain’s invasion in 1990, eroding an economic link between Washington and the Arab state. The halt is the latest sign that booming demand for oil in Asia, particularly as the US …

The US will find it difficult to cut Iran’s oil exports completely as the oil market is already tight and rival producers cannot make up the shortfall, a top Iranian official said. Iran’s Opec governor Hossein Kazempour Ardebili said that a “supply shortage” meant that the US would not be …

Iran’s oil exports are expected to decline by 30 to 40 per cent once US-led sanctions on oil exports kick in from November, analysts told Gulf News. Iran, which is one of the important members of the Opec (Organisation of the Petroleum Exporting Countries) produces about 3.8 million barrels of …

The first round of U.S. nuclear sanctions on Iran snapped back into place on Monday, and although it pales in comparison to a raft of penalties yet to come, experts say it sends a clear signal that Washington is willing to pummel the Iranian economy. President Donald Trump gave banks …

China’s threat to impose duties on US oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion (Dh3.67 billion) per month. In an escalating spat over the United States’ trade deficit with most of its major trading partners, …

The US is set to overtake Saudi Arabia as the world’s number two oil producer this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said on Friday. “This year promises to be a record-setting one for the US,” the IEA wrote in its …