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The European Union imposed sanctions on three vessels that helped move gas cargoes from Russia’s Yamal LNG project, further squeezing Moscow’s energy revenues. The North Moon, North Ocean and North Light were included in the 17th package of sanctions adopted by the European Council on Tuesday. The vessels are managed by Tokyo-based Mitsui OSK Lines…
Oil prices settled more than 3% higher on Thursday, supported by hopes for a trade deal between the United States and the European Union and new U.S. sanctions to curb Iranian oil exports, which continued to elevate supply concerns. Brent crude futures settled $2.11, or 3.2%, higher to $67.96 a barrel, and U.S. West Texas…
U.S. issues new sanctions on Chinese imports of Iranian oil Global trade tensions dominate U.S. crude stocks rose last week, EIA data shows Chinese quarterly GDP growth beats expectations (Updates at 11:43 a.m. EDT, changes byline, dateline, previous LONDON) HOUSTON, April 16 (Reuters) – Oil prices rose more than $1 a barrel on Wednesday after…
(Bloomberg) — Chevron Corp. was ordered to return nearly 1 million barrels of Venezuelan oil to Petroleos de Venezuela SA in a blow to the oil major, which was working to secure crude before wrapping up operations in the country when a US sanctions deadline hits in May. Venezuela’s state producer Petroleos de Venezuela, known…