http://www.worldoil.com WorldOil U.S. to cut off Iran-Venezuela trade by sanctioning oil tankers https://www.worldoil.com/news/2020/6/9/us-to-cut-off-iran-venezuela-trade-by-sanctioning-oil-tankers The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers as part of an effort to cut off trade between Iran and Venezuela, according to a person familiar with the matter. OPEC+ proves its mettle by swiftly delivering oil production cuts https://www.worldoil.com/news/2020/5/15/opecplus-proves-its-mettle-by-swiftly-delivering-oil-production-cuts Despite skepticism over the efficacy of the measures unveiled in mid-April by Saudi Arabia, Russia and their partners, compared to the immense hit to demand, the impact has been substantial. Oil prices have recovered by 60% in the past three weeks, as a pick-up in fuel use is complemented by the supply cuts. Petrostates forced to consider life without oil revenues as prices stay low https://www.worldoil.com/news/2020/5/6/petrostates-forced-to-consider-life-without-oil-revenues-as-prices-stay-low From Nigeria to Venezuela and Iraq, petrostates are facing the same challenge -- maintaining their economies while their prized commodity is worth a much less than it was, and where private companies often still want their cut. These countries have the most firepower in the oil price war https://www.worldoil.com/news/2020/3/24/these-countries-have-the-most-firepower-in-the-oil-price-war With OPEC’s output limits suspended and a price war under way, the group’s biggest oil producers are preparing to churn out more barrels to protect market share. Cyberattacks linked to Iran appear to target Bahrain Petroleum Co. https://www.worldoil.com/news/2020/1/28/cyberattacks-linked-to-iran-appear-to-target-bahrain-petroleum-co An Israeli cybersecurity firm has identified a new type of ransomware that it believes was created by Iran and has the ability to lock up or even delete industrial control systems. U.S. sanctions energy traders, tightening the screws on Iran https://www.worldoil.com/news/2020/1/24/us-sanctions-energy-traders-tightening-the-screws-on-iran The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals in its latest effort to clamp down on the Islamic Republic’s revenue sources. Oil surges as Iran says it attacks Iraq base housing U.S. troops https://www.worldoil.com/news/2020/1/7/oil-surges-as-iran-says-it-attacks-iraq-base-housing-us-troops Reports of the attacks reignited fears that Iran’s promised retaliation against the U.S. killing of a top general last week will spark a wider conflict in the Middle East that could disrupt global oil supplies. Oil buyers fear Iraqi supply hit, in spillover from Iran crisis https://www.worldoil.com/news/2020/1/6/oil-buyers-fear-iraqi-supply-hit-in-spillover-from-iran-crisis Oil buyers in Asia are increasingly wary that Iraq’s entanglement in the worsening dispute between the U.S. and Iran could disrupt shipments from one of their key Middle East suppliers. Oil touches $70 as supply disruption fears grow https://www.worldoil.com/news/2020/1/6/oil-touches-70-as-supply-disruption-fears-grow Futures jumped by another 1.4% on Monday as the U.S. State Department warned of a “heightened risk” of missile attacks near military bases and energy facilities in Saudi Arabia. Oil industry braces for more Mideast turmoil after Soleimani killing https://www.worldoil.com/news/2020/1/3/oil-industry-braces-for-more-mideast-turmoil-after-soleimani-killing “We should all be bracing for a ferocious response,” said Helima Croft, chief commodities strategist at RBC Capital Markets. “The stage is set for a retaliatory spiral that could keep markets on edge well into 2020.”