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Biden
Crude Oil News

President Biden Wants To Tax Oil Companies –Good Politics, Bad Economics?

November 7, 2022 Mariel Alumit

President Biden wants to bring gas oil prices down by threatening to tax oil companies, which have been benefiting from the spike in oil and gas prices in the first place. And he isn’t alone in […]

Iranian
Crude Oil News

Iranian Tanker Reloading Oil in Greece that was Confiscated by US

August 19, 2022 Mariel Alumit

An Iranian-flagged tanker is reloading oil that was confiscated by the United States earlier this year after Greek authorities approved the release of the cargo, sources familiar with the matter said on Friday. The case […]

EU’s
Exports

EU’s shift from Russian supplies accelerates gas discoveries in Cyprus

July 26, 2022 Mariel Alumit

(Bloomberg) — The European Union’s drive to slash reliance on Russian natural gas is boosting the strategic importance of finds in Cyprus, the country’s energy minister said. “Europe is a good potential customer for Cypriot […]

Tanker
Crude Oil News

Tanker Companies Race To Ship Russian Oil Ahead Of New Sanctions

July 19, 2022 Mariel Alumit

Despite Western sanctions on Russian oil, Russia has been able to export a lot of its oil to other buyers, notably China and Russia. A provision in the upcoming sixth sanctions package will soon prohibit […]

Iran
International News

Iran, Greek tanker troubles spook oil, shipping markets

May 30, 2022 Mariel Alumit

HIGHLIGHTS Tehran detained Delta Poseidon, Prudent Warrior on May 27 US seized tanker carrying Iranian oil off Greece Iran nuclear deal unlikely ahead of US midterm elections, say analysts Geopolitical risks fueled by Iran and […]

Crude Oil News

Iran seizes two Greek tankers in Persian Gulf waters

May 28, 2022 Stu Turley

(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 […]

U.S.
Crude Oil News

U.S. seizes Iranian oil cargo near Greek island – sources

May 26, 2022 Mariel Alumit

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 […]

UK
Finance

UK now third most attractive clean energy investment market, but global renewables market faces supply chain crunch

May 24, 2022 Mariel Alumit

The UK has climbed two places to third in EY’s bi-annual ranking of the attractiveness of national renewable energy investment, partly due to the Government’s increasing of wind and nuclear targets in the face of […]

International News

Greece To Boost Gas Exploration Efforts To Cut Russian Dependence

April 13, 2022 Andy Del Prado

Greece plans to step up efforts to explore for natural gas in an attempt to reduce its 40-percent reliance on Russian gas, Greek Prime Minister Kyriakos Mitsotakis said on Tuesday. “Accelerating the exploitation of the country’s national […]

4.2 BILLION DOLLAR DEAL TO CREATE TANKER GIANT
International News

$4.2 Billion Deal to Create Oil Tanker Giant

April 7, 2022 Stu Turley

Euronav, Frontline investors to hold 59% and 41% respectively Tanker market is recovering after Russia’s invasion of Ukraine Frontline Ltd. and Euronav NV are considering an all-stock merger that would produce the world’s biggest tanker fleet, just as […]

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