U.S. sanctions

U.S. targets Russian firms, vessels, and operators in fresh sanctions on the Nord Stream 2 pipeline, maintaining opposition to Russia’s energy influence.

India’s Reliance Industries secures a crude-for-naphtha swap deal with Venezuela after receiving U.S. approval to resume oil trade, navigating sanctions and global oil market challenges.

China, the world’s leading oil importer, is growing fond of Iranian crude. Global price surges, influenced by extended supply reductions by critical players like Saudi Arabia and Russia, have led …