Tentative U.S. crude cargo departures towards China currently sits at 840,000 bbl/d for the month, the second highest volume on record, according to data intelligence firm Kpler.
The U.S. announced in August that it had confiscated 1.1 million barrels of Iranian fuel bound for Venezuela, part of Washington's efforts to disrupt trade between Caracas and Tehran.
DUCs are primed to operate when the OPEC+ deal expires, Russia’s energy minister says.
Chancellor Angela Merkel is under mounting pressure from members of her conservative party to suspend the Nord Stream 2 pipeline, a huge project to double Russian gas exports to Germany.
NATO allies Turkey and Greece vehemently disagree over claims to natural gas reserves in the eastern Mediterranean and the extent of their continental shelves.
The State Department also imposed sanctions on five companies for engaging in transactions related to Iran’s petroleum and petrochemical industry, as well as on three executive officers of the blacklisted companies.
Germany politicians demand a tough response from Merkel to the attempted murder of the Kremlin critic.
OPEC oil output has risen by about 1 million bbl/d in August, a Reuters survey found, as the group and allies eased record oil supply curbs.
Exemptions for European and Asian companies for diesel would be removed.
Turkey and Greece disagree over natural gas reserves off Cyprus and the extent of their continental shelves.