Oil purchases by China and India are undermining United States sanctions on Iran and Venezuela, but halting them could come at a cost.
Tag: Oil (Petroleum) and Gasoline
100 Days In, Mexico’s President Revels in High Ratings and Waves Off Recession Fear
President Andrés Manuel López Obrador insists a transformation is underway. A majority of Mexicans embrace his vision — but the economy worries others.
Venezuela Blackout, in 2nd Day, Threatens Food Supplies and Patient Lives
Venezuelan officials blamed the opposition and the United States for the outage, but provided no evidence. At a hospital with a backup generator, one man said, “A lot of us are going to die here.”
Why Is Russia Helping Venezuela?
The Kremlin faces a stark choice in Venezuela: to double down on its ally or be among those who choose his successor. Economic considerations may be paramount.
Over 50 People Missing After Nigerian Oil Pipeline Explosion
A local council spokesman said the blast on Friday caused a massive oil spill in the Nembe Kingdom in Bayelsa State.
Oil Companies May Be Complicit in Atrocities in South Sudan, U.N. Panel Says
Despite a peace agreement, war crimes continue, including mass rape and forcible displacement of thousands of people, a rights commission reported.
Saudi Crown Prince Promises $20 Billion in Investments for Pakistan
The pledges, which are nonbinding, would also help secure the country as a market for Saudi crude oil.
Millions Flowed From Venezuelan Oil Firm to Small Bulgarian Bank
Bulgarian officials, tipped off by the United States, froze accounts and are investigating possible laundering of money from the battered state oil company.
Opposition Leader, and Oil, Become Focus of Venezuela-U.S. Struggle
After Washington handed control of Venezuela’s assets in the United States to the opposition leader, the government of Nicolás Maduro struck back fiercely.
‘All Options Are on the Table’ in Venezuela, Says Bolton
John R. Bolton, the national security adviser, indicated that President Trump was still not ruling out military intervention in his efforts to pressure Nicolás Maduro, the president of Venezuela, to step down. The Trump administration also announced ne…