Keywords: Crude Exports


Iran criticizes new US sanctions and rejects talks

Iran has condemned the new sanctions imposed by the United States on its oil industry, calling them "illegitimate and unlawful." A spokesperson for the Iranian Ministry of Foreign Affairs accused the US of attempting to pressure the Iranian people by preventing the country from engaging in......

Decline in Global Crude Exports as Trade Routes Experience Shifts

In 2024, global crude oil exports experienced a 2% decline, marking the first decrease since the COVID-19 pandemic, according to shipping data. This reduction is attributed to slower demand growth and significant changes in refinery operations and pipeline routes. The global oil market has faced disruptions......