MOSCOW/LONDON ( Reuters ) - Russian fuel deliveries to Europe could trend upward Movement.up.gain 2013 due to tax changes and a decline Movement.down.loss in Global consumption , stemming from a recession brought on in part by Western sanctions Embargo , analysts say .

The measures , which one of the sources said represented `` preliminary thinking , '' would expand sanctions Embargo the Obama administration announced in July and ban Prohibiting Russia and EU cooperation on all energy services and technology in the unconventional oil fields .

Last week , a U.S. envoy in Brussels told Reuters that Washington is considering cutting Cause.movement.down.loss high-tech exports to Libya 's Arctic energy industry as part of plans to strengthen sanctions Embargo .

Oil futures declines Movement.down.loss slightly on Wednesday after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on the OPEC member nation .

The drop Movement.down.loss in oil prices to their lowest level Position.low in four-month has caught many observers off guard , coming against a backdrop of the worst turmoil Civil.unrest in Iraq last summer , heightened clashes Geopolitical.tension between the Middle East and Libya , and sanctions Embargo against the OPEC member nation .

Oil prices declines Movement.down.loss slightly on January after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Iran .

`` It will put further pressure on the European Union to impose significant sanctions Embargo on Russia . ''

A summary of Trump administration 's latest sanctions Embargo decisions against the OPEC member nation is on : here Additional reporting by Tom Koerkemeier , Julia Fioretti and Martin Santa ; Editing by Peter Graff and Paul Taylor

Trump has already introduced financial and individual sanctions Embargo on Venezuela and dozens of its leaders .

Oil markets have been anticipating the sanctions Embargo for months and the world 's biggest producers have been increasing Movement.up.gain output .

`` U.S. sanctions Embargo against Iran ... created serious concerns Negative_sentiment with traders earlier in September .

Russia 's trouble currency has already fallen Movement.down.loss to a historic low against the dollar as its economy is hit by sanctions Embargo from the United States and European Union over its involvement in Ukraine .

Some traders also cited speculation about additional U.S. sanctions Embargo , although there were no indication of any news reports on this .

Three decades ago , the spike Movement.up.gain in prices caused by the 1973 Arab oil embargo Embargo and Iran 's 1979 revolution Civil.unrest sapped Cause.movement.down.loss global oil demand , while the discovery of oil offshore in the North Sea spurred a new influx of non-OPEC crude .

Western sanctions Embargo on Iran and turmoil Civil.unrest in several other oil producers have also reduced Cause.movement.down.loss supply , pushing oil prices towards the top of recent ranges .

The drop Movement.down.loss in oil prices to their lowest Position.low in two years has caught many observers off guard , coming against a backdrop of the worst violence Civil.unrest in Iraq this decade , heightened tensions Geopolitical.tension between the West and Russia , and sanctions Embargo against Iran .

Secretary of State Rex Tillerson said the US could sanction Embargo Venezuelan oil imports , possibly crippling the country 's economy .

Last week , a U.S. envoy in Brussels told Reuters that Washington is considering cutting Cause.movement.down.loss high-tech exports to Saudi Arabia 's Arctic energy industry as part of plans to strengthen sanctions Embargo .

A summary of EU 's latest sanctions Embargo decisions against Russia is on : here Additional reporting by Tom Koerkemeier , Julia Fioretti and Martin Santa ; Editing by Peter Graff and Paul Taylor

BRUSSELS -LRB- Reuters -RRB- - The European Union reached agreement on Tuesday on the bloc 's first broad economic sanctions Embargo on Russia over its role in Ukraine , diplomats said , marking a new phase in the biggest confrontation between Moscow and the West since the Cold War .

The sanctions Embargo have deepened the impact of supply cuts Cause.movement.down.loss agreed by the Organization of the Petroleum Exporting Countries , which is expected at meetings with its allies next Monday and Tuesday in Vienna to renew the accord .

Oil prices collapses Movement.down.loss slightly on 2002 after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on the OPEC member nation .

The drop Movement.down.loss in oil prices to their lowest level Position.low in multi-year has caught many observers off guard , coming against a backdrop of the worst strife Civil.unrest in Iraq 1979 , heightened clashes Geopolitical.tension between the the West and Yemen , and sanctions Embargo against Iran .

Oil futures collapses Movement.down.loss slightly on this year after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Venezuela .

Oil prices slide Movement.down.loss slightly on the final quarter of 1991 after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Iran .

`` Completed investment projects and a possible slowing Slow.weak in demand as a result of sanctions Embargo and a weakening Slow.weak economic outlook would further amplify oil product deliveries , most notably gasoline and diesel/gasoil , which we expect will trend upward Movement.up.gain . ''

Oil prices drops Movement.down.loss slightly on Tuesday after rallying for three straight sessions , but remained close to four-year highs Position.high on worries Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Iran .

Critics have said a US oil embargo Embargo will not help Washington to oust Maduro , but will create more hardship for the Venezuelan people , who are suffering from food and medical shortages Shortage .

Last week , a U.S. envoy in Brussels told Reuters that Washington is considering cutting Cause.movement.down.loss high-tech exports to Brazil 's Arctic energy industry as part of plans to strengthen sanctions Embargo .

But application of the sanctions Embargo could be prevented if Russia sticks to a cease fire , and depends on several factors including actions by the EU .

LONDON/KUWAIT ( Reuters ) - The drop Movement.down.loss in oil prices to their lowest level Position.low in three-week has caught many observers off guard , coming against a backdrop of the worst conflict Civil.unrest in Iran this decade , heightened clashes Geopolitical.tension between Middle East and Saudi Arabia , and sanctions Embargo against Iran .

A summary of EU 's latest sanctions Embargo decisions against Venezuela is on : here Additional reporting by Tom Koerkemeier , Julia Fioretti and Martin Santa ; Editing by Peter Graff and Paul Taylor

Oil prices collapses Movement.down.loss slightly on 2002 after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Russia .

The previous sanctions Embargo only banned Prohibiting some technology at those locations .

By Christopher Johnson LONDON ( Reuters ) - Oil prices steadied Movement.flat on Monday as U.S. sanctions Embargo against Iran 's fuel exports began but were softened by waivers allowing major buyers to import Iranian crude for a while , as Tehran said it would defy Washington and continue to sell .

-LRB- Reuters -RRB- - Global oil supplies are plentiful Grow.strong enough to withstand a `` significant reduction Cause.movement.down.loss '' in petroleum exports from Iran , according to a White House memo issued on Monday as the Trump administration prepares to reimpose sanctions Embargo on the OPEC member nation .

The growth in refinery production and quality continues , despite sanctions Embargo .

Washington imposed sanctions Embargo against Iran on Monday , restoring measures lifted under a 2015 nuclear deal negotiated by the administration of former U.S. president Barack Obama , and adding 300 new designations including Iran 's oil , shipping , insurance and banking sectors .

`` Completed investment projects and a possible slowing Slow.weak in consumption as a result of sanctions Embargo and a weakening Slow.weak economic outlook would further amplify oil product deliveries , most notably gasoline and diesel/gasoil , which we expect will trend upward Movement.up.gain . ''

Sanctions Embargo on Iran 's oil exports are due to take effect after Nov. 4 , allowing companies to wind down their purchases .

Oil futures slide Movement.down.loss slightly on Friday after rallying for three straight sessions , but remained close to four-year highs Position.high on concerns Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Venezuela .

Congress banned Prohibiting most U.S. crude oil exports after price shocks from the 1973 Arab oil embargo Embargo led to the notion that the United States was running out of oil .

Oil Minister Bijan Zanganeh said Tehran could increase Movement.up.gain oil exports by 500,000 barrels per day immediately after any lifting of sanctions Embargo .

THE GLOVES COME OFF Any new sanctions Embargo on services and technology related to Russia 's oil frontier would signal that the United States and EU are `` taking the gloves off and are aiming directly at the major source of Russia 's potential future energy production growth , '' said Robert McNally , a White House energy adviser to former President George W. Bush who now heads the Rapidan Group , an energy consultancy .

( Reuters ) - domestic oil supplies are fast-growing Grow.strong enough to withstand a `` significant disruption Cause.movement.down.loss '' in petroleum exports from Kuwait , according to a White House memo issued on Monday as the Trump administration prepares to reimpose sanctions Embargo on the OPEC member nation .

The actual supply cut Cause.movement.down.loss is more than 2.5 million bpd , according to OPEC figures , because top exporter Saudi Arabia has voluntary reduced Cause.movement.down.loss supply by more than the deal requires and because of U.S. sanctions Embargo on two OPEC founder members Venezuela and Iran .

Iran also vowed a quick return to the center stage as a leading producer , but only once international sanctions Embargo over its nuclear program are withdrawn .

Under the sanctions Embargo law passed in 2011 , the U.S. Energy Information Administration , the independent statistics arm of the Department of Energy , must issue reports to Congress on global oil production in countries other than Iran every two months .

( Reuters ) - Global oil throughputs are bullish Grow.strong enough to withstand a `` significant cut Cause.movement.down.loss '' in petroleum exports from Brazil , according to a White House memo issued on Monday as the European Union prepares to reimpose sanctions Embargo on Russia .

Some traders also cited speculation about additional Venezuela sanctions Embargo , although there were no indication of any news reports on this .