Failure to secure waiver extension, Japanese refiners put the brakes on Iranian crude imports

Unable to secure a waiver extension from Washington to continue buying Iranian oil, Japanese refineries are putting the brakes on further imports in order to give payments enough time to be processed under the existing waiver. In total, Japanese refiners purchased over 15 million barrels of Iranian crude from January through March, but the waiver […]

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India’s crude oil imports from Iran fall 50% in February 2019

India’s crude oil imports from Iran and Venezuela fell 50 per cent and 4.2 per cent year-on-year, respectively, in February 2019, fresh data sourced from the Directorate General of Commercial Intelligence and Statistics (DGCIS) showed. Iran and Venezuela are facing crippling economic sanctions by United States, hampering oil exports from these countries. While sanctions targeting […]

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US wants India to stop buying Venezuelan oil

The United States has pressed India to stop buying Venezuelan crude oil as a means of accelerating President Nicolas Maduro’s removal from office, which Washington has made its top priority in Latin America recently. “We say you should not be helping this regime. You should be on the side of the Venezuelan people,” the U.S. envoy […]

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