This is Beirut, 14/11 17:48 - Reading : 2 minute(s)
Nawaf Salam United Arab Emirates United Kingdom Oil
Iran is likely behind the seizure of an oil tanker that suddenly changed course towards the country's waters on Friday, two maritime security companies said, stoking concern of a return to Iranian seizures after a recent lull. The ship, which had left Ajman in the United Arab Emirates destined for Singapore, was heading for Iranian ...
This is Beirut, 07/11 11:31 - Reading : 3 minute(s)
Donald Trump European Union Viktor Orban Russia Oil Hungary
Hungary's nationalist Prime Minister Viktor Orban is due to meet Donald Trump in Washington on Friday for the first time since his ally was re-elected US president, as he seeks a waiver on American sanctions on Russian oil. The United States hit Russia's two biggest oil producers with sanctions last month, the first such measures ...
This is Beirut, 07/11 10:00 - Reading : 3 minute(s)
Donald Trump United Nations COP30 Brazil Belem Oil
World leaders will meet for a second day of climate talks in the Brazilian Amazon on Friday after fiery speeches and renewed criticism of Big Oil marked the opening session. Dozens of ministers and several heads of state and government, including those of Spain, Germany and Namibia, will meet in Belem just before the United Nations' (UN) annual ...
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 ...
This is Beirut, 08/10 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)
Nawaf Salam Ukraine Russia 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 ...