Tag: oil

US published a document providing guidance on the implementation of the price cap policy for crude oil of Russian Federation origin.

Transport & Environment (T&E) published a paper assessing how and to what extent the EU can reduce oil demand through short, medium and long term measures.

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.