US Sanctions

Global Markets: Trafigura To Stop Oil Business With Venezuela

Posted on by Mozambique Resources Post
Global Markets: Trafigura To Stop Oil Business With Venezuela

Due to the U.S. sanctions on Venezuela’s oil industry and state firm PDVSA, one of the world’s largest commodity traders, Trafigura, has decided to halt its oil trade with Venezuela, Reuters reported on Friday, quoting a source with direct knowledge of the plans.

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Global Markets: OPEC To Discuss Compensating For Iranian Supply Drop After US Sanctions

Posted on by Mozambique Resources Post
Global Markets: OPEC To Discuss Compensating For Iranian Supply Drop After US Sanctions

OPEC will discuss in December whether producers can compensate for a sudden drop in Iranian oil supply after U.S sanctions against Tehran start in November, the head of Iraq’s state-oil marketer SOMO, Alaa al-Yasiri, told Reuters on Wednesday.

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