oil exports

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    Political Instability Impacts Libya's Oil Industry

    Tripoli, April 5 – The head of Libya's Presidential Council, Mohamed Al-Menfi, has instructed that no new deals be made regarding existing oil fields in the country, according to a report.The instruction to Masoud Suleiman, chairman of the National Oil Corporation (NOC), confirmed on Saturday...
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    Oil Market Relief: Iran Exports Resumed Briefly

    March 21, New Delhi – The Trump administration has temporarily lifted sanctions on Iran's oil exports for products already loaded onto vessels and stranded at sea since March 20th.This limited, short-term authorization issued by the Treasury Department via a general license is in effect until...
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    Oil Exports Interrupted: Drone Strike in Saudi Arabia

    March 20, New Delhi — Saudi Arabia said a drone struck the SAMREF refinery in the port city of Yanbu on Thursday. The Saudi Defence Ministry said damage assessment was underway.Oil loadings at Yanbu's Red Sea port were briefly disrupted. The port is currently the only export outlet for the...
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    West Asia Tensions: UAE Heightened Security Following Iranian Warnings

    The United Arab Emirates remains on high alert due to escalating tensions in West Asia following U.S. strikes on Kharg Island, Iran's main crude oil export hub in the Persian Gulf. U.S. President Donald Trump stated that American forces had destroyed several military targets on the island but...
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    Fertilizer Exports to US Possible as US Revives Venezuela Energy Sector

    Washington, March 14 – The United States has expanded authorizations for Venezuela's energy and petrochemical sectors, a move that could help stabilize global fertilizer and oil supplies – developments closely watched by major importers such as India.The US Treasury Department said the changes...
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    Russia Keeps Oil Exports to India Secret Amid Western Concerns

    Moscow, March 6 Russia will not disclose data on crude oil exports to India and will keep it secret from "too many ill-wishers," the Kremlin said on Friday.Kremlin spokesman Dmitry Peskov's comments came hours after US Treasury Secretary Scott Besant said that Washington has issued a temporary...
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