This is Beirut

Oil Tanker Changes Course Towards Iran After 'State Activity'

This is Beirut, 13:10 - Reading : 1 minute(s)

Israel United Arab Emirates United Kingdom Oil

An oil tanker suddenly changed course towards Iranian waters after suspected "state activity," monitors said on Friday, raising concerns following previous ship seizures by Iran. The Marshall Islands-flagged vessel was heading south through the Strait of Hormuz when it was approached by three small boats, Ambrey said. The tanker "was observed ...

Hungary's Orban to Meet Trump in Face of Russia Oil Sanctions

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 ...

Leaders Turn up the Heat on Fossil Fuels at Amazon Climate Summit

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 ...

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 ...

oil