The move follows the Trump–Xi meeting in Busan and aims to ease tensions in global shipping.
Lukoil says the deal is subject to US and other regulatory approvals.
The Russian oil major has begun reviewing bids under an OFAC wind-down licence as Washington intensifies pressure on Russia’s energy sector.
The partnership will develop new energy storage and terminal facilities to support Oman’s growing role in global energy trade.
DOE launches first SPR purchase under $171m Working Families Tax Cut funding.
A Cameroon-flagged LPG tanker has caught fire after being struck by an unidentified projectile east of Aden, prompting maritime security warnings amid uncertainty over possible
The UK has imposed sanctions on India’s Nayara Energy, a refinery jointly owned by Russian oil major Rosneft, as part of its latest measures targeting
Final crude processing expected mid-October as firm advances site redevelopment plan.
The alliance’s modest 137,000 b/d hike signals a cautious stance amid steady demand and market uncertainty.
The port has urged operators to remain vigilant ahead of demonstrations this week.
