Crude oil

China's heavy reliance on Iranian oil imports

Beijing, which is also the biggest buyer of oil from Venezuela and a top importer of oil from Russia, has used purchases from the three countries facing various Western sanctions to save billions of dollars on its import bill in recent years.

Venezuela begins reversing oil output cuts as exports resume

The OPEC country's oil exports had remained almost at a standstill since December, with only U.S. Chevron exporting crude from its joint ventures under a U.S. authorization, leaving millions of barrels stuck in onshore tanks and vessels.

Carlyle, Chevron-Quantum partnership among frontrunners for Lukoil assets

Vitol, Trafigura offer Venezuelan oil to Indian, Chinese refiners for March delivery

The global commodities traders confirmed on Friday they had struck agreements with the U.S. government to help market stranded Venezuelan oil, days after the interim government in Caracas agreed to export up to 50 MMbbl of crude oil to the U.S.

India's Reliance in talks for U.S. permit to buy Venezuelan oil

Reliance's representatives are in discussions with the U.S. State and Treasury departments to obtain the authorization, the sources said, as Washington and Caracas progress in negotiations to ship 50 MMbbl of oil in the aftermath of the U.S. capture of President Nicolas Maduro.

Serbia's Russian-owned NIS refiner buys first crude since U.S. sanctions waiver

Washington imposed sanctions on NIS in October as part of broader measures targeting Russia's energy sector over Moscow's war in Ukraine.

U.S. refiner Marathon Petroleum says it will be bidding for Venezuelan crude oil

Caracas and Washington reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States.

Shell flags chemicals and products unit loss, raising doubts over $3.5 B buyback

India's Reliance Industries will consider buying Venezuelan oil

Caracas and Washington have reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States after U.S. forces captured President Nicolas Maduro on January 3.

Oil and gas facilities: Protect critical operations from the disruptive impacts of lightning