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BlackRock removed from Texas oil boycott list, Iran-China crude exports down 20%.

Wednesday, Jun 4, 2025 8:06 am ET1min read

Oil-producing countries are adjusting their strategies in response to changing market dynamics. Texas removed BlackRockREM-- from its boycott list after the company reduced its ESG footprint. Iranian crude exports to China decreased due to US sanctions and refinery maintenance. Venezuela's oil exports remained stable despite US pressure and license expirations. OPEC maintained its planned increase in production, citing healthy market fundamentals. The US and Iran are negotiating a nuclear deal that could impact oil exports and international trade relationships.

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