- Indian Oil signs first annual deal for U.S. oil
February 18, 2019
Indian Oil Corp, the country’s top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday.
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- US gives non-US firms three months to wind down PDVSA deals
February 01, 2019
The US Treasury Department said Friday that transactions between non-US firms and PDVSA, Venezuela's state-owned oil firm, which involve the US financial system or US commodity brokers would be prohibited after April 28.
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- Bangladesh seeks developers for its first onshore LNG terminal
January 30, 2019
Bangladesh is seeking expressions of interest to build the country’s first onshore liquefied natural gas (LNG) import terminal, according to a company official and a document posted on the company’s website.
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- US sanctions leave Maduro with few options
January 29, 2019
With Monday’s decision to impose sanctions on Venezuela’s oil industry, the Trump administration has, after a two-decade stand-off between Washington and Caracas, finally gone for its rival’s jugular.
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- How One of Venezuela's Last Oil Buyers May React to Sanctions
January 29, 2019
After the U.S. slapped sanctions on Venezuela’s state-owned PDVSA, which essentially add up to an oil ban, the market has focused on how the remaining buyers of the South American country’s heavy, low-quality crude will react.
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