London (CNN Business)Europe’s scramble to find alternatives to Russia’s natural gas is pushing the world to the brink of a winter energy shortage, with the worst effects likely to be felt in poorer economies in Asia. Since […]
Iraq’s Oil Minister Ihsan Abdul Jabbar held talks in London and Paris with the chief executive officers of the British Petroleum Company and France’s Total and officials from the French ministries of economy and energy. He […]
Russia expects to receive one trillion rubles in additional oil and gas revenues this year, the finance minister said Friday, adding that part of the windfall will be spent on Moscow’s offensive in Ukraine. “We […]
(Bloomberg) — Iranian forces seized two Greek oil tankers in the Persian Gulf in apparent retaliation for the detention of vessel off the coast of Greece. The Greek ships were seized by the Islamic Revolutionary […]
May 27 (Reuters) – Iran on Friday summoned the envoy of Switzerland, which represents U.S. interests in Tehran, to protest against the U.S. seizure of Iranian oil from a Russian-operated ship near Greece, the foreign […]
LONDON/ATHENS, May 26 (Reuters) – The United States has confiscated Iranian oil held on a Russian-operated ship near Greece and will send the cargo to the United States aboard another vessel, three sources familiar with […]
Russia’s oil and gas revenues hit another record high despite sanctions designed to hurt the Russian economy. The removal of some Russian oil from markets only served to send oil prices higher, boosting revenues from […]
Sovcomflot is selling ships to buyers in Asia and the Middle East to repay loans to Western banks. Per the WSJ, the deals come ahead of a Sunday deadline for EU companies to stop business […]
In a weekly online briefing on Monday, DTEK CEO Maxim Timchenko discussed Ukraine’s energy security. He provided an update on energy sector operations and restoration of electricity supply amid the Russian invasion. The briefing took […]
Saudi Arabia’s energy minister Price Abdulaziz bin Salman has signaled support for Russia, stating that it is a vital part of the OPEC+ group of oil producers. Salman added that politics should be key out […]
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