FACTBOX: US Imposes Sanctions on Iranian Crude Exports – S&P Global Platts
US sanctions against Iranian crude exports went back into effect Monday, although top buyers of Iranian crude were given temporary waivers until May, when they will be expected to cut purchases significantly. Oil prices climbed Monday as the sanctions kicked in, but price increases were limited by ...Resumption of Iran Sanctions Adds Uncertainty to Crude Oil and Gasoline Price Forecasts
Source: U.S. Energy Information Administration, Short-Term Energy Outlook , October 2018 EIA's October 2018 Short-Term Energy Outlook (STEO) forecasts Brent crude oil spot prices, which averaged $79 per barrel (b) in September, to average $81/b in the fourth quarter of 2018, before fall ...Iran Has Produced and Exported Less Crude Oil Since Sanctions Announcement
Source: U.S. Energy Information Administration, Short-Term Energy Outlook , October 2018; ClipperData Note: Liquid fuels production includes crude oil, lease condensate, hydrocarbon gas liquids, biofuels, and refinery processing gain. Iran's crude oil exports and production have declined ...Foreign Firms Look to Play Crucial Role in Venezuelan Oil and Gas Sector, Says GlobalData
The majority of foreign companies are not making any profit or losing money in their partnerships with PDVSA to develop and produce hydrocarbons due to inadequate investment, shattered infrastructure and US sanctions. However, in the long term, having access to the vast hydrocarbon reserves of Vene ...S&P Global Platts Factbox: One-Month Countdown to US Sanctions on Iran's Oil Buyers
Washington DC — Iran's oil buyers have a month to halt their trades or risk getting banned from the US financial system for violating secondary sanctions that return November 5. Oil prices continue to be supported by the deadline and the hard-line enforcement expected by the administration of Pres ...The Downside For Oil Is Limited
By Nick Cunningham of Oilprice.com More than two weeks of nearly uninterrupted price gains for crude oil ended this week, with the rally running out of steam. The question is what happens next? Oil prices posted steep losses just as the bulls were back on the march. WTI briefly topped $70 per b ...3 Ways The Oil Industry Will Be Hit By the Iran Sanctions
Unilateral U.S. sanctions on Iran, which came into force this week, will hit the country hard, of that there can be no doubt. The sanctions affect trade in dollars, gold, steel and aluminium, and in November the restrictions will be extended to include Iran's oil trade . But what are the possible ...Supply-side Shock Ahead in November?
The US has just rebuffed high-level pleas from the European Union to grant exemptions to European companies operating in and with Iran, underlining America's hardline stance in implementing its renewed sanctions on Iran. The goal is, according to Treasury Secretary Steven Mnuchin, is to reduce ...Oil Sanctions on Venezuela No Longer Needed at Full Scale, Says GlobalData
On Monday 21 st May President Donald Trump signed a new executive order aimed at prohibiting certain oil related transactions with Venezuela. This new sanction package is, however, symbolic in comparison to the more targeted sanctions previously considered that would limit exports of Venezuelan cr ...Field Activity Levels Increase in Iran Amid Talks of Sanctions
Iran has been ramping up activity at key oil fields as a US decision on sanctions looms. A similar surge occurred after the sanctions were lifted in 2016, as Iran ramped up output to 3.8 MMb/d. Iran inventories have crept up since October 2017, reaching 26.8 MMb in March. Exports have avera ...Sudan’s New Business Council Looks West For Post-Oil Prosperity
After 20 years, last week saw the formal lifting of US economic sanctions on Sudan. In a punishing two decades, Sudan has weathered a devastating humanitarian crisis in Darfur, the cessession of the South and the loss of its precious oil revenues with it. But it has not been buckled, and it has not ...Flo Kigbala - Delta Deep Content
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