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Updated: 2 hours 31 min ago

U.S. Steps Up Sanctions Pressure on Iran’s Oil Trade

Fri, 08/22/2025 - 12:34
The United States has sanctioned a Greek shipping entrepreneur, a network of his companies, and two Chinese crude oil terminal and storage operators as the Treasury is taking additional actions to disrupt Iranian oil exports and the shadow fleet enabling them.   The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on Greek national Antonios Margaritis, his network of companies, and nearly a dozen vessels involved in Iran’s shadow fleet. “Margaritis has leveraged his decades of experience…
Categories: Oil news

U.S. Steps Up Sanctions Pressure on Iran’s Oil Trade

Fri, 08/22/2025 - 12:34
The United States has sanctioned a Greek shipping entrepreneur, a network of his companies, and two Chinese crude oil terminal and storage operators as the Treasury is taking additional actions to disrupt Iranian oil exports and the shadow fleet enabling them.   The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on Greek national Antonios Margaritis, his network of companies, and nearly a dozen vessels involved in Iran’s shadow fleet. “Margaritis has leveraged his decades of experience…
Categories: Oil news

Sinopec Announces Major Shale Gas Discoveries

Fri, 08/22/2025 - 11:30
China’s Sinopec has made two significant discoveries of shale gas in central-southwestern China containing over 100 billion cubic meters, the company has said, as quoted by the South China Morning Post. Sinopec called the discoveries proof that the deposit, called Hongxing, had strong resource potential and would contribute to national energy security. The company added that the geology at the sites was challenging, with the reserves at depths between 3,300 and 5,500 meters. Despite the challenges, Sinopec’s test well at one of the…
Categories: Oil news

Gaza City Offensive Tests Gulf States’ Red Lines on Israel

Fri, 08/22/2025 - 05:12
Politics, Geopolitics & Conflict Israel’s push to seize Gaza City, complete with a fresh reservist call?up and heavy strikes on the outskirts, plays into Gulf red?line management: Both the UAE and Saudi Arabia have treated Israeli latitude as transactional, not open?ended. The political price inside the Gulf rises when the operation looks like an occupation or when casualty optics dominate regional media cycles; that’s when Riyadh slows the normalization narrative down and Abu Dhabi tightens the valves at the working level (permits,…
Categories: Oil news

The Restructuring of Sudan's Army Marks a New Phase in Its Civil War

Fri, 08/22/2025 - 05:12
Sudan’s civil war is moving into a new phase, triggered by a reshuffle in Khartoum. General Abdel Fattah al-Burhan has moved loyalists into critical command slots and pulled an array of forces (regular army units, Darfur rebels aligned with the state, tribal auxiliaries, even Islamist brigades) into a unified chain of command. The step looks bureaucratic on the surface, but represents an attempt to close the gaps that allowed the RSF to grow into a rival military power. A tighter command structure means fewer competing fiefdoms, fewer opportunities…
Categories: Oil news

Oil Prices Rally as the Geopolitical Risk Premium Rebuilds

Fri, 08/22/2025 - 05:11
Light crude oil futures rose for the week, closing Thursday at $63.52, up $1.54 or +2.48% from last Friday’s close, as geopolitical tensions, bullish inventory data, and renewed demand optimism drove a shift in market sentiment. The recovery followed two weeks of selling pressure and marked a return of bullish interest as supply-side risks reentered focus. Peace Talks Collapse, Rebuilds Geopolitical Risk Premium Crude began the week trading cautiously, weighed down by hopes that a diplomatic breakthrough in the Ukraine-Russia conflict could…
Categories: Oil news

Mexico’s Unconventional Oil Plays Could Boost Production By 250,000 bpd

Fri, 08/22/2025 - 03:00
A couple of weeks ago, Mexico’s National Oil Company (NOC) and the federal administration unveiled the Pemex Strategic Plan 2025–2035, a comprehensive roadmap for Petróleos Mexicanos (Pemex) to boost oil production, reduce debt, and promote energy sovereignty through increased public and private investment. Key goals of the blueprint include achieving oil production of 1.8 million barrels per day by 2030, increasing natural gas output, securing funding through government support and private partnerships, and integrating energy…
Categories: Oil news

The Feared Global Oil Glut Is Not Here, Yet

Fri, 08/22/2025 - 02:00
Global crude oil exports continue to hold strong and above the latest ten-year seasonal average. Demand, however, is also holding strong this summer, absorbing an increase in South American supply led by Brazil and Guyana, and production hikes in the Middle East as OPEC+ continues to ease output cuts. As a result, the market appears balanced near the end of the peak summer consumption period in the northern hemisphere. But fears are that oversupply will materialize in the fourth quarter to depress prices, once peak demand season and the unwinding…
Categories: Oil news

Russia Dangles Discounts to Keep Indian Oil Trade Alive

Fri, 08/22/2025 - 01:00
Russia and India are looking for ways to continue trading oil, and Russia has offered what it calls a special mechanism to the India side to ensure this—despite U.S. President Trump’s threat to impose an additional tariff of 25% on Indian exports if the country keeps buying Russian oil. The news about a special mechanism broke earlier this week, with Reuters citing Russian diplomats from the embassy in New Delhi as talking about it but without providing any details. “I want to highlight that despite the political situation, we…
Categories: Oil news

Eastern Libya Poised to Greenlight Turkish Offshore Exploration

Fri, 08/22/2025 - 00:00
Libya’s eastern-based parliament is preparing to approve a 2019 maritime pact that would allow Turkey to explore for oil and gas in Libyan waters, according to people familiar with the talks in Benghazi and Ankara. Most obstacles to the accord have been cleared, they said, a striking reversal for the east—long aligned with commander Khalifa Haftar’s Libyan National Army and historically opposed to Turkish involvement. Tripoli, which already maintains close ties with Ankara, backs the deal. If ratified, Turkish survey and drilling…
Categories: Oil news

Belarus and Iran Sign 12 Pacts, Strengthening Partnership

Thu, 08/21/2025 - 23:00
Via The Cradle Iranian President Masoud Pezeshkian and Belarusian President Alexander Lukashenko signed 12 cooperation agreements during Pezeshkian’s official visit to Minsk on Wednesday, strengthening ties between the two nations in defiance of US sanctions. A joint statement was signed alongside the dozen cooperation agreements which cover politics, international law, health, pharmaceuticals, industry, environment, tourism, art, media, free trade zones, industrial and special economic zones, and investment. Officials said…
Categories: Oil news

Arctic Drilling on the Table as India Buys Discounted Russian Oil

Thu, 08/21/2025 - 22:00
  Russia and India are interested in collaborating on joint energy projects, including oil and gas production in Russia’s Far East and Arctic shelf, Russian Foreign Minister Sergei Lavrov said on Thursday after meeting with his Indian counterpart in Moscow. Earlier this month, the United States announced an additional 25% tariff on India over its imports of crude from Russia. U.S. President Donald Trump signed an executive order enacting an additional 25% tariff on Indian goods, explicitly targeting India’s ongoing imports…
Categories: Oil news

Ukrainian Arrested in Italy for Nord Stream Pipeline Explosions

Thu, 08/21/2025 - 21:30
German prosecutors confirmed Thursday that a Ukrainian national has been arrested in Italy on suspicion of coordinating the 2022 sabotage of the Nord Stream pipelines, one of the most damaging strikes ever carried out against European energy infrastructure. The September blasts ruptured Nord Stream 1, which had carried 55 billion cubic meters of Russian gas annually to Germany, and left Nord Stream 2 inoperable before it could begin operations. The suspect, identified as Serhii K., was detained by Italian police in the Rimini province under a European…
Categories: Oil news

Ukrainian Arrested in Italy for Nord Stream Pipeline Explosions

Thu, 08/21/2025 - 21:30
German prosecutors confirmed Thursday that a Ukrainian national has been arrested in Italy on suspicion of coordinating the 2022 sabotage of the Nord Stream pipelines, one of the most damaging strikes ever carried out against European energy infrastructure. The September blasts ruptured Nord Stream 1, which had carried 55 billion cubic meters of Russian gas annually to Germany, and left Nord Stream 2 inoperable before it could begin operations. The suspect, identified as Serhii K., was detained by Italian police in the Rimini province under a European…
Categories: Oil news

Ukrainian Arrested in Italy for Nord Stream Pipeline Explosions

Thu, 08/21/2025 - 21:30
German prosecutors confirmed Thursday that a Ukrainian national has been arrested in Italy on suspicion of coordinating the 2022 sabotage of the Nord Stream pipelines, one of the most damaging strikes ever carried out against European energy infrastructure. The September blasts ruptured Nord Stream 1, which had carried 55 billion cubic meters of Russian gas annually to Germany, and left Nord Stream 2 inoperable before it could begin operations. The suspect, identified as Serhii K., was detained by Italian police in the Rimini province under a European…
Categories: Oil news

US National Security Probe Targets Wind Industry

Thu, 08/21/2025 - 21:00
The Commerce Department just opened a Section 232 “national security” probe into imported wind turbines and parts—quietly on Aug. 13, publicly today. That matters because 232 isn’t a press release; it’s a legal on-ramp to more tariffs on top of the new 50% duty already applied to the steel and aluminum content in turbines and components. Translation: wind hardware just got pricier, and it could get pricier still. Here’s the operational read: the U.S. wind build is heavily import-dependent for blades, drivetrains,…
Categories: Oil news

US National Security Probe Targets Wind Industry

Thu, 08/21/2025 - 21:00
The Commerce Department just opened a Section 232 “national security” probe into imported wind turbines and parts—quietly on Aug. 13, publicly today. That matters because 232 isn’t a press release; it’s a legal on-ramp to more tariffs on top of the new 50% duty already applied to the steel and aluminum content in turbines and components. Translation: wind hardware just got pricier, and it could get pricier still. Here’s the operational read: the U.S. wind build is heavily import-dependent for blades, drivetrains,…
Categories: Oil news

Ukraine Begins Work on Military Security Guarantees

Thu, 08/21/2025 - 21:00
The outline of a military component of security guarantees for Ukraine is already taking shape, a top Ukrainian official said as the United States reiterated that European countries will have to shoulder most of the burden in providing the guarantees. Work has begun on setting up the military component of the guarantees, which are being discussed as part of a settlement of the war with Russia, Andriy Yermak, Ukrainian President Volodymyr Zelenskyy’s chief of staff, said on X. "Our teams, above all the military, have already begun active work…
Categories: Oil news

US National Security Probe Targets Wind Industry

Thu, 08/21/2025 - 21:00
The Commerce Department just opened a Section 232 “national security” probe into imported wind turbines and parts—quietly on Aug. 13, publicly today. That matters because 232 isn’t a press release; it’s a legal on-ramp to more tariffs on top of the new 50% duty already applied to the steel and aluminum content in turbines and components. Translation: wind hardware just got pricier, and it could get pricier still. Here’s the operational read: the U.S. wind build is heavily import-dependent for blades, drivetrains,…
Categories: Oil news

Why the World’s Biggest Banks Are Ditching Net Zero Goals

Thu, 08/21/2025 - 20:00
Over the past year, the world’s biggest banks‘ net zero enthusiasm has quickly and quietly dried up. Top lenders have backtracked, diluted or outright abandoned their environmental, social and governance (ESG) policies. The return of President Donald Trump has been highlighted as a turning point for green finance with firms across the financial industry turning sour on ESG commitments. Trump has made no secret of his disdain for such policies, branding ESG investing as a “way to attack American business”.  The President,…
Categories: Oil news

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