The world’s largest oil producer stopped short of going public last year, but it may be about to revive its plans. Source: NYT > Business – Stanley Reed and Michael J. de la Merced
U.S. Gives Chevron Three-Month Extension to Stay in Venezuela
The Treasury Department says Chevron, the last major American oil company doing business in the country, can stay there until at least late October. Source: NYT > Business – Clifford Krauss
U.S. Punishes Chinese Company Over Iranian Oil
For the first time, the United States is imposing economic penalties on a Chinese company for importing Iranian oil, a decision certain to add to tensions between Washington and Beijing. Source: NYT > Business – Edward Wong
Israel’s Energy Dilemma: More Natural Gas Than It Can Use or Export
After years of relying on imports, the country has discovered huge gas reserves offshore. But it cannot easily use or sell the fuel to other countries. Source: NYT > Business – Clifford Krauss
Gibraltar Detains Syria-Bound Tanker Thought to Be Carrying Iranian Oil
Officials said the tanker was detained under European Union sanctions on Syria. Shipping monitors said it was also trying to skirt United States sanctions on Iran. Source: NYT > Business – Palko Karasz
Gibraltar Detains Syria-Bound Tanker Thought to Be Carrying Iranian Oil
Officials said the tanker was detained under European Union sanctions on Syria. Shipping monitors said it was also trying to skirt United States sanctions on Iran. Source: NYT > Business – Palko Karasz