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 ...
This is Beirut, 16/07 11:59 - Reading : 2 minute(s)
Explosive-laden drones hit three oil fields in Iraq's autonomous Kurdistan region on Wednesday, Kurdish authorities said, a day after a similar attack halted operations at a US-run field. Production in two fields operated by the Norwegian group DNO ASA has been temporarily suspended, the company said. In the past few weeks, Kurdistan has ...
This is Beirut, 15/07 11:10 - Reading : 2 minute(s)
Irak Drone Erbil Kurdistan oil
A drone strike forced a US company to suspend operations at an oil field in Iraq's autonomous Kurdistan region Tuesday, amid a wave of similar attacks targeting the region's energy infrastructure. The Kurdistan natural resources ministry said the Sarsang oil field in Duhok province was hit, calling the strike "an act of terrorism against the ...
This is Beirut, 11/07 17:25 - Reading : 1 minute(s)
Growth in oil demand is anemic globally, with several countries in the crosshairs of US President Donald Trump's tariff threats suffering drops, the IEA said Friday. Annual growth in oil demand fell from 1.1 million barrels per day (mbd) in the first quarter of the year to just 0.5 mbd in the second, the International Energy Agency said in ...
Christiane Tager, 24/06 22:00 - Reading : 3 minute(s)
Donald Trump Europe Israel Tehran oil
From Cold Sweats to Cooling Oil: Why Crude Prices Are Plunging After the Iran-Israel De-Escalation A bomb can send oil prices soaring – unless it doesn’t hit as hard as expected. That’s exactly what played out in the markets following Iran’s limited strike on a United States base in Qatar, followed by a surprise ceasefire between Tehran ...
This is Beirut, 24/06 10:40 - Reading : 3 minute(s)
Israel Ceasefire Donald Trump Middle East Oil Markets
Oil prices sank more than five percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. Shares in Asia were buoyant, as fears of an energy market shock eased following 12 days of war between Israel and its arch-foe. London, Paris and Frankfurt also rose at the open. At around ...
This is Beirut, 23/06 14:50 - Reading : 6 minute(s)
Strait of Hormuz Iran Israel Oil Gas
Iran’s parliament gave the green light to a proposal to shut down the Strait of Hormuz on Sunday, a step that needs clearance from the security authorities. Such a move could significantly disrupt worldwide oil shipments and heighten tensions in an already unstable region. The Strait, which narrows to just 33 kilometers at its slimmest point, ...
This is Beirut, 20/06 11:40 - Reading : 3 minute(s)
Donald Trump Israel Middle East Oil
Oil prices tumbled Friday and equity traders fought to end a volatile week on a positive note after Donald Trump said he would consider over the next two weeks whether to join Israel's attacks on Iran. Speculation had been swirling that Trump would throw his lot in with Israel, but on Thursday he said he would decide "within the next two weeks" ...