Tag: oil

Libya’s state oil company suspended shipments from the key eastern port of Ras Lanuf, amid a worsening political crisis in the OPEC member.

The US is urging European capitals to ease the impact of their ban on insuring Russian oil cargoes, claiming that this measure could cause global crude prices to skyrocket.

A Greek court overturned an earlier court ruling that allowed the confiscation by the US of part of a cargo of Iranian oil on an Iranian-flagged tanker off the Greek coast.

Greece’s Shipping Ministry has made a “strong recommendation” to Greek shipping companies to avoid Iranian territorial waters when crossing the Persian Gulf, Strait of Hormuz and Gulf of Oman.

The European Union has agreed on a partial ban on Russian oil imports, according to European Council chief Charles Michel.

Reporting indicates that the Iranian Revolutionary Guard Corps (IRGC) have detained two Greek-flagged oil tankers in the Persian Gulf on May 27. The vessels have been identified as the MV Delta Poseidon, and the MV Prudent Warrior.

The US decided to ease sanctions to enable Venezuelan oil to be transported to Europe to help those countries reduce their dependence on Russian oil.

The European Commission has presented the REPowerEU Plan, its response to the hardships and global energy market disruption caused by Russia's invasion of Ukraine.

Air pollution monitors at the fencelines of U.S. oil refineries found that nearly half of them last year were releasing benzene at levels that could pose a long-term health threat to surrounding communities, according to industry data compiled by the Environmental Integrity Project (EIP).

After the European Commission announced its plans to put stringent sanctions on Russian oil, the proposal has quickly run into several obstacles.