Valero Seeks US Approval to Import Venezuelan Oil
Valero Energy Corp, the second-largest U.S. oil refiner, is seeking Washington's permission to import Venezuelan crude, according to four people close to the matter, hoping for a repeat of the approval granted to Chevron Corp in November after a four-year…
Iranian Oil Exports End 2022 at a High, Despite No Nuclear Deal
Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite U.S. sanctions, according to companies that track the flows, on higher shipments to China and Venezuela.Tehran's oil exports have been limited since former U.S.
White House Welcomes OPEC+ Decision to Stick to Planned Output Increase
The White House on Tuesday welcomed a decision by top oil producers to stick with their plans to raise crude production and touted "close" coordination with Saudi Arabia and the United Arab Emirates.Earlier on Tuesday, a group of producers comprising the…
Trump Camp Split on Chevron's Venezuela License
The Trump administration is split over whether to renew a license this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it, three sources with knowledge of the matter said on Tuesday.At issue is a six-month U.S.
Trump Administration Mulls New Plan to Help Ailing Coal, Nuke Plants - Bloomberg
Trump administration officials are considering requiring grid operators to buy electricity from ailing nuclear and coal-fired power plants to keep them from being shuttered, according to a Bloomberg news report on Friday that cited a draft memo.If adopted…
White House Names Morton New Energy, Climate Adviser
The White House named a new adviser to President Barack Obama on climate and energy at the National Security Council, a spokesman said on Wednesday. The adviser, John Morton, was previously the chief operating officer at the Overseas Private Investment Corporation.
White House: Obama Looks Forward to Working with Israel's Netanyahu
The White House said on Thursday that President Barack Obama looks forward to working with Israeli Prime Minister Benjamin Netanyahu and his new governing coalition. "As President Obama has emphasized, the U.S. places great importance on our close military…
UK Firm on RWE North Sea Deal
Britain will not back down over its opposition to Russian tycoon Mikhail Fridman's purchase of North Sea gas licences having cemented its objections at a meeting attended by Prime Minister David Cameron, a government source told Reuters. The British government…
Amos Hochstein Appointed to Focus on U.S. Energy Affairs
The U.S. State Department appointed Amos Hochstein as the top diplomat for energy affairs as the Obama administration tests using the power of the domestic energy boom to shape policy with foreign energy producers and consumers. Hochstein has been acting…
Iran Brushes off New U.S. Sanctions
Iranian Oil Minister Bijan Zanganeh said Tehran would continue to bypass sanctions after the United States penalised a number of companies for violating sanctions imposed on Iran, mostly in connection with its nuclear programme. On Friday, the United States…
Tanker with Iraqi Kurdish Oil Anchors off Texas Port
A tanker carrying crude oil from Iraqi Kurdistan was anchored near the Port of Galveston, Texas, and must undergo a routine safety inspection by the U.S. Coast Guard on Sunday before it can unload its cargo, an official said. The Marshall Islands-flagged…
Deadline For Iran Nuclear Deal Appears In Jeopardy
It is increasingly unlikely that six world powers and Iran will meet their July 20 deadline to negotiate a long-term deal for Iran to curb its nuclear program in return for an end to economic sanctions, diplomats and analysts say. In theory, an extension…
Ukraine Sends Forces To Confront Armed Pro-Russian Rebels
Kremlin. warned it will act to protect eastern Ukraine's Russian-speakers if they come under attack. operation" to re-assert Kiev's control in Slaviansk. flying over the town's police headquarters where militants were holed up. windows," Avakov wrote on his Facebook page. any one had been hurt.
