BP followed suit after Shell in raising projected refining margins for Q2 compared to the prior three-month period; however, unlike Shell, BP expects stronger oil trading ... .
In 2024, they shared non-oil trade worth $243 billion, a 10.5 per cent increase over 2023, data shows. The momentum accelerated in 2025, with non-oil trade reaching $68.3 billion, a year-on-year growth ...
The United States has imposed waves of sanctions on Iran’s oil exports over its nuclear program and funding of terrorists groups across the Middle East.
... accused of helping Iran covertly move oil and petrochemicals in violation of US sanctions ... AllianceEnergyPvt Ltd, based in Lahore, Pakistan, was also sanctioned for its role in the Iranian oil trade.
The United States imposed sanctions against a business network that smuggles Iranian oil disguised as Iraqi oil, as well as sanctions targeting a Hezbollah-controlled financial institution, the... .