Tag: oil

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. 

After the EU proposed to ban the import of Russian oil, it is now considering to also prohibit European companies from providing maritime transport for Russian petroleum, anywhere in the world. 

The European Commission has proposed a plan to phase out Russian oil imports, increasing its efforts to cut off a key source of funding for the Kremlin.

Greenpeace Nordic activists are blocking the oil tanker Ust Luga, and preventing it from offloading Russian oil into the port.

Germany aims to reduce Russian oil imports by half by the middle of 2022, becoming almost independent by the end of 2022, according to the Ministry of Economy and Climate Protection (BMWK).