Iran's National Iranian Oil Company (NIOC) has dismissed claims in some media outlets about the production of low-quality ...

Iran exports refined oil products to Venezuela, as Venezuelan crude oil often cannot be processed due to a lack of infrastructure. Iran also supports Venezuela in building refineries ...

Trump's energy sanctions hit Iran & Venezuela while Russia may get relief. How will these moves impact global oil markets?

EIA projects that global oil inventories will decline in second-quarter 2025, driven partly by reduced crude oil production ...

Stranded Iranian cargoes have offloaded their crude at Shandong, the key import terminal for China’s independent refiners, ...

Meanwhile, with Chevron gone, Venezuela may revert to shadowy oil deals with Iran and China—a return to the “ghost tanker” days of lost revenue and sanctions evasion.

Venezuelan oil and Iran’s heavier grade – commonly imported as bitumen mixture – are among the varieties held, Kpler said.

Russia is using cryptocurrencies in its oil trade with China and India to skirt Western sanctions, according to four sources ...

Crude oil fell, with market sentiment weighed by concerns over the potential economic impact of trade tariffs along with a ...

Facing the imminent withdrawal from Venezuela of U.S. oil giant Chevron Corp. , strongman Nicolás Maduro is rolling out the ...

The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump ...

While fiat currencies remain the primary method, crypto is seen as a convenient and flexible tool for transactions.