This is Beirut

Hungary Looking at Ways Around US Sanctions on Russian Oil: Orban

This is Beirut, 24/10 17:40 - Reading : 1 minute(s)

US Sanctions European Union Oil Hungary Russia

Hungarian Prime Minister Viktor Orban said Friday that his government was working on "ways to circumvent" US sanctions against Russian energy companies. The United States on Wednesday hit Russia's two biggest oil producers -- Rosneft and Lukoil -- with sanctions, the first against Russia since US President Donald Trump returned to ...

Ukraine Strikes Put Pressure on Russian Oil

This is Beirut, 08/10 09:25 - Reading : 3 minute(s)

Ukraine Russia Oil Strikes

Ukraine is intensifying strikes on Russian refineries and oil infrastructure, with more than 30 attacks since early August, aimed at weakening Moscow's ability to finance war against its neighbor. Current Consequence? Russia is the world's third-largest producer and second-biggest exporter of crude oil. Oil and gas revenues represented about 30 ...

EU Weighs Tariffs on Russian Oil Imports

This is Beirut, 24/09 16:45 - Reading : 1 minute(s)

European Union Russia Oil Slovakia Hungary Sanctions

The European Commission said Wednesday that it was working on potentially imposing tariffs on imports of Russian oil into the bloc, in the face of pressure from US President Donald Trump. Trump has demanded that Europe end energy imports from Moscow before agreeing to move ahead with punishing sanctions against Moscow over the war in ...

Global Oil Supply Hit Record High in August: IEA

This is Beirut, 11/09 12:20 - Reading : 1 minute(s)

Oil IEA Barrel OPEC+

Global oil supply hit a record high in August as OPEC+ and other countries ramped up production, with a looming surplus keeping prices in check, the International Energy Agency said Thursday. Eight key members of OPEC+ group, including Saudi Arabia and Russia, have been gradually increasing production since April after restricting output in ...

Five Things to Know About Nigeria's Oil Sector

This is Beirut, 15/08 09:45 - Reading : 4 minute(s)

Saudi Arabia Nigeria Oil BPD

Africa's biggest oil refinery will on Friday start direct and free shipping of fuel to retailers in Nigeria, a move expected to disrupt the oil sector in the continent's largest crude producer. Nigeria's Dangote Refinery says that the plan will boost efficiency by cutting down on intermediaries while providing more competitive options for ...

Iraq Denies any Role in Sanctioned Iran Oil Smuggling

This is Beirut, 08/08 12:20 - Reading : 1 minute(s)

USA Washington Irak oil

Iraqi authorities denied on Friday that the country had played any part in Iranian efforts to evade US sanctions on oil exports after Washington last month linked a local businessman to the practice. In early July, the US State Department sanctioned six entities and identified four vessels as having "knowingly engaged in a significant transaction ...

Iraq Against Oil Trafficking

This is Beirut, 07/08 16:25 - Reading : less than a minute

Iraq Oil Trafficking

Amid rising tensions and US sanctions targeting networks accused of smuggling Iranian oil through Iraq, the authorities are stepping up efforts. An operation is underway in the Khor Abdullah Canal to secure maritime routes, combat smuggling and reassert Iraqi control over this geopolitically sensitive area.

India's Security Chief in Moscow After US Tariff Threats

This is Beirut, 06/08 09:40 - Reading : 2 minute(s)

Ukraine Russia US India Tariff Oil

India's national security adviser was in Moscow on Wednesday, media in New Delhi reported, after Washington threatened to hike US tariffs because of India's purchases of Russian oil. India is a major buyer of Russian oil, a key source of revenue for Moscow's military offensive on Ukraine. US President Donald Trump said Tuesday he was considering ...

UK Sanctions 135 Oil Tankers of Russia's Shadow Fleet

This is Beirut, 21/07 20:12 - Reading : 2 minute(s)

United Kingdom Russia Sanctions Oil Ukraine

Britain on Monday slapped sanctions on 135 oil tankers in Russia's shadow fleet, in a bid to disrupt the flow of money helping Moscow fund the war in Ukraine. A shipping services company and an oil trading firm were also sanctioned as part of the crackdown on a fleet "responsible for illicitly carrying $24 billion worth of cargo since ...

US Treasury Chief Says China Talks Could Cover Iran, Russia Oil Buys

This is Beirut, 21/07 18:15 - Reading : 2 minute(s)

United States China Russia Iran Oil

The next round of US-China talks could include Chinese purchases of Russian and Iranian oil, US Treasury Secretary Scott Bessent said Monday, a move that would shift the focus of trade negotiations into national security issues. US President Donald Trump has imposed fresh tariffs on allies and competitors alike this year, and Washington and ...

Iraq Says Drones that Struck Military Radars Are Foreign-Made

This is Beirut, 18/07 20:55 - Reading : 2 minute(s)

Iraq Oil

Iraq said Friday that drones, which hit several military radar systems last month, were launched from within the country but manufactured abroad, without identifying the perpetrators. On June 24, the Iraqi government said that several small suicide drones targeted multiple Iraqi military sites and bases, including the radar systems at Camp Taji, ...

Lebanon-Cyprus Maritime Border Talks Reach Critical Stage

Bassam Abou Zeid, 18/07 09:30 - Reading : 3 minute(s)

Cyprus Lebanon Syria Oil economy exploration gas maritime borders

Lebanon’s push to revive oil and gas exploration in its Exclusive Economic Zone remains stuck in limbo. Political gridlock and regional volatility have stalled progress, and even French energy giant TotalEnergies – holder of the license for Block 9 – has yet to take any operational steps or issue public statements. The only current movement ...

Oil