The companies that turn oil into gasoline and diesel are likely to benefit more, right away, than the businesses that pump oil out of the ground.
Category: Embargoes and Sanctions
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China’s Threat to Block Rare Earths Has Put Japan on High Alert
Tokyo is concerned at signs that Beijing may be laying the groundwork to restrict access to the metals vital to manufacturing.
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How Venezuela’s Oil Could Shake Up the World Supply
The country could, eventually, attract investment and re-emerge as a force in the oil markets, but many analysts are concerned about an oversupply.
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Chevron’s Risky Bet to Stay in Venezuela May Now Give It an Advantage
The second-largest U.S. oil company, which kept pumping oil in the country after others left, could find it relatively easy to expand its operations if the political conditions there improve.
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China’s Oil Deal With Venezuela Faces Turning Point
Beijing has lent billions to Caracas in recent decades, and the fate of money it is owed is in question after the ouster of Venezuela’s leader.
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Trump’s Goals for Reviving Venezuela’s Oil Industry Will Not Come Easily or Cheaply
It will take years and billions in investment to revitalize Venezuela’s oil industry, and energy producers will likely be cautious before stepping in.
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Inside China’s Six-Decade Campaign to Dominate Rare Earths
From Deng Xiaoping to Xi Jinping, generations of Communist Party bosses and military leaders invested in a strategic but heavily polluting industry.
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Trump’s Seizures of Oil Tankers Challenge Maritime Rules and Customs
Recent U.S. actions against ships near Venezuela may embolden other countries to seize or detain ships, legal experts said.
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A Seized Oil Tanker and the Big Business of Dark Fleet Smuggling
The U.S. seizure of a vessel off Venezuela is likely to squeeze the country’s government, but do little to counter the tankers that secretively move oil from sanctioned countries.
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As Sanctions on Russian Oil Loom, India Prepares to End Its Buying Spree
India has been snapping up discounted Russian crude for three years, but U.S. sanctions that take effect on Friday are expected to end the lucrative trade.
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Halt in Fees on Chinese Vessels Endangers U.S. Shipbuilding Efforts
The two countries agreed to suspend the fees for a year as part of their recent trade pact, but America still aims to build more commercial ships.
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OPEC Plus Signals Cautious Approach to Oil Production
Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.