In a long awaited response to western price cap Russian President Vladimir Putin has signed a decree that bans the supply of crude oil and oil products to nations that imposed the price cap. The ban will come in to effect from February 1 and will last for five months till July 1.

Russia bans oil exports from Feb 1 to July 1 to countries imposing price cap

Iranians should not allow US President Donald Trump's "maximum pressure" approach to harm national unity ahead of parliamentary elections, President Hassan Rouhani said in a speech broadcast live on his official website.

Iranians should not let Trump harm national unity, Rouhani says

Ecuador on Sunday said it had resumed crude oil exports curbed by violent protests that forced several wells in the Amazon to halt operations. The country was hit by 12 days of demonstrations, led by indigenous groups, against fuel price hikes until President Lenin Moreno reached a deal with protest leaders on October 13.

Ecuador resumes oil exports curbed by protests

Venezuelan PDVSA's oil exports took another hit in May, following a deadline for customers to wind-down purchases in order to comply with US sanctions, according to documents from the state-run company and Refinitiv Eikon data.

Venezuela's oil exports drop 17% in May as sanctions kick in: Report

Iran's exports of crude oil were higher than expected in January and are at least holding steady this month, according to tanker data and industry sources, as some customers have increased purchases due to waivers from US sanctions.

Despite sanctions, Iran's oil exports rise in early 2019

Venezuela's oil exports have tapered off and shifted toward India since new US sanctions began January 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions.

Venezuela turns to India as sanctions cut oil flow to US, Europe

Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said on Saturday, and she cautioned against spending money on "white elephant projects".

IMF MD Lagarde says oil exporters have not recovered from oil shock, cautions against 'white elephant projects'

oil-exports

Oil Exports, News on Oil Exports, stories on Oil Exports, articles on Oil Exports, Oil Exports stories at Wion, Oil Exports news, Oil Exports latest news