Sanctions levied on Chinese shipper COSCO following charges of moving crude out of Iran.
The United States is imposing sanctions on certain Chinese entities for knowingly transferring oil from Iran, U.S. Secretary of State Mike Pompeo said in what he called fresh actions to intensify pressure on Iran.
Cartel may move to deeper cuts as the global economic slowdown collides with an expected growth in supply.
Many farmers are angry, and some are directing their anger not at the Republican president, but at Washington's bureaucracy.
Iraq will struggle to generate enough electricity unless it continues to use Iranian gas for three to four more years, the electricity minister said on Sept 10, resisting U.S. pressure to stop the imports from its Middle East neighbor.
Saudi Energy Minister Khalid al-Falih’s loss of status puts him under new pressure to meet crown prince’s goals.
While U.S. sanctions on Iran's oil industry have slashed the OPEC member's crude exports by more than 80%, oil product sales from the Islamic Republic remain strong at nearly $500 million a month, shipping data and Reuters calculations show.
The filing follows a request to FERC by ConocoPhillips and Encana to reject the surcharge.