The general license for purchasing Russian oil expired on March 12. It means that European countries and US allies can no longer buy oil from Russia without imposing sanctions from Washington, ...

“Treasury is preparing to take action to wind-down General License 41 and other specific licenses as appropriate,” the Office of Foreign Asset Control (OFAC) said in a brief statement, adding that it ...

The US grants Reliance Industries a license to buy Venezuelan oil directly under eased sanctions, aiding crude ...

[Stay on top of transportation news: Get TTNews in your inbox.] The Trump administration issued a general license expanding the ability of oil companies to operate in Venezuela, marking a significant ...

Investing.com -- The Trump administration issued a general license expanding the ability of oil companies to operate in Venezuela on Thursday. This move marks a significant step to ease sanctions ...

WASHINGTON/HOUSTON, Feb 3 (Reuters) - The U.S. government is working to issue as early as this week a general license allowing companies to produce oil and gas in Venezuela, as Washington seeks to ...