OFAC licence permits sale and delivery of cargoes already at sea until April 11.
Authorities say no injuries have been reported as emergency teams respond to a fire caused by a drone strike at the industrial site.
Lukoil has signed a non-exclusive agreement with US investment firm Carlyle to sell its international assets.
The US forces have detained another Venezuela-linked tanker in the Caribbean.
Galp and Moeve have agreed to explore a potential combination of their downstream businesses that could create two leading energy and mobility platforms in the
US authorities have seized the Russian-flagged oil tanker Bella 1 in the North Atlantic for alleged violations of US sanctions.
Damage reported at Venezuela’s La Guaira port following US military action comes as President Nicolás Maduro’s capture is confirmed.
bp has agreed to sell a majority stake in Castrol to Stonepeak in a deal valued at around $10 billion, with proceeds earmarked to cut
The UK has announced plans to block maritime services for Russian LNG exports, going beyond its 2023 ban that only covered imports.
Rising global oil stocks are expected to keep Brent prices under pressure next year, despite a slight upward revision from last month’s outlook.
