Tag: oil

The European Union should embargo all oil and gas imports from Russia in order to stop financing Putin’s war on Ukraine, say 25 European NGOs in a public appeal to leaders.

On March 1st, the United States and 30 other countries that are members of the International Energy Agency (IEA) committed to releasing a total of 60 million barrels of oil from strategic reserves in an effort to stabilise the global energy markets, in response to Russia’s invasion of Ukraine.  

Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the pandemic,

The Malaysian Maritime Enforcement Agency is on the hunt for 12 Indonesian suspects, all former crew of Ocean Pride.

A federal grand jury accused three companies with illegally discharging oil during a pipeline break in early October.

Oil tanker operations are extremely critical due to the significant impact they can have on life, property and the environment should anything go wrong, Shipowners Club notes.

Efforts to revive the 2015 Iran nuclear deal are at a "critical phase" and Tehran's reasons for avoiding talks are wearing thin, a U.S. official told Reuters.

An Iran-flagged supertanker on Saturday was about to set sail from Venezuelan waters carrying 2 million barrels of heavy crude, according to documents seen by Reuters.

Israel’s environmental protection ministry decided to delay the implementation of a proposed oil exports transport deal with the United Arab Emirates, freezing a project that has angered environmentalists.

Rystad Energy's 2021 review deals a major blow for the size of the world’s remaining recoverable oil resources – but it also shows that oil production and consumption can align with climate goals.