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02.10.25 - 04:24
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Iran-Aligned Houthis Sanction US Oil Majors (ZeroHedge)
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Iran-Aligned Houthis Sanction US Oil Majors
By Charles Kennedy of OIlPrice.com
Major U.S. oil companies and their top managers were targeted by sanctions by a Yemeni body affiliated with the Iran-aligned Houthi rebels, for what they say is violating a Houthi embargo.
The Humanitarian Operations Coordination Center (HOCC), a Houthi-affiliated body created last year to liaise between the Houthis and commercial shipping operators, sanctioned 13 U.S. oil companies, nine executives, and two assets linked to the U.S.
“The HOCC will employ all available means and instruments to confront any hostile measures taken by any State or group against the Republic of Yemen, in accordance with the applicable laws and relevant regulations,” according to the executive director of the HOCC.
Units of ExxonMobil, Chevron, ConocoPhillips, Phillips 66, Marathon Petroleum, Valero, and Occidental are among the companies designated by the Houthi-aligned entity, as are their top executives including Exxon CEO Darren ...
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26.09.25 - 19:06
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Oil Prices Set For Sharpest Weekly Jump Since Israel-Iran War (ZeroHedge)
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Oil Prices Set For Sharpest Weekly Jump Since Israel-Iran War
By Charles Kennedy of OilPrice.com
Crude oil prices today were set for their sharpest weekly rise since early June, when Israel launched a missile strike on Iran. This time, the jump was triggered by the news that Russia would introduce curbs on diesel exports, suggesting supply tightness.
At the time of writing, Brent crude was trading at $70.74 per barrel and West Texas Intermediate was changing hands for $66.36 per barrel.
Yesterday, Deputy Prime Minister Alexander Novak said an already operating ban on gasoline exports would be extended until the end of the year, and a ban on exports of diesel by parties other than producers would be added to the gasoline restrictions. The ban would exclude deliveries under existing international supply contracts. The aim is to secure fuel supply for the domestic market, Novak told the media.
The news sent Brent crude and West Texas Intermediate higher as observers and traders took it to m...
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24.09.25 - 21:45
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Sharp Rise In China-Indonesia Oil Imports Points To Iranian Workaround (ZeroHedge)
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Sharp Rise In China-Indonesia Oil Imports Points To Iranian Workaround
China has logged a sharp increase in crude imports from Indonesia in recent months, suggesting Beijing has found "new workarounds" to access Iranian oil despite U.S. sanctions, Bloomberg reports.
Oil storage tanks on the outskirts of Shanghai. Source: Bloomberg
Chinese customs data show 2.7 million tons of crude from Indonesia - roughly 630,000 barrels a day - arrived in August. That followed a tripling of flows in July compared with the previous month. The volumes are unusually high given Indonesia has been a net oil importer for more than two decades. Last year the country pumped about 580,000 barrels a day, most of it consumed domestically, according to the U.S. Energy Information Administration. Local demand runs near 1.7 million barrels a day.
China has a new conduit for its purchases of Iranian oil.
"Indonesia" is the new "Malaysia."
Last month, China bought 2.7 million tons (~630,00...
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