This is Beirut, 09:25 - Reading : 3 minute(s)
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 ...
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 ...
This is Beirut, 11/09 12:20 - Reading : 1 minute(s)
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 ...
This is Beirut, 15/08 09:45 - Reading : 4 minute(s)
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 ...
This is Beirut, 08/08 12:20 - Reading : 1 minute(s)
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 ...
This is Beirut, 07/08 16:25 - Reading : less than a minute
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.
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 ...
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 ...
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 ...
This is Beirut, 18/07 20:55 - Reading : 2 minute(s)
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, ...
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 ...
This is Beirut, 17/07 13:35 - Reading : 2 minute(s)
A drone loaded with explosives struck an oil field in Iraq's northern Kurdistan region on Thursday, Kurdish forces said -- the second attack in two days on the Norwegian-operated site. "At 10:55 am (0755 GMT) a new attack by an explosives-laden drone hit" the DNO-operated Tawke field in Zakho disrict, Kurdistan's counterterrorism services ...