Keywords: Oil
European equities edged lower on Thursday after reaching record highs a day earlier, as investors weighed a sharp rise in oil prices against escalating tensions between the United States and Iran over Tehran’s nuclear program. The pan European Stoxx Europe 600 index fell 0.1 percent in early trading,......
Russian air defenses intercepted 113 Ukrainian drones overnight from February 18 to 19, the Defense Ministry said Thursday, describing one of the largest waves of drone attacks on Russian territory in recent weeks. The barrage came hours after U.S.-mediated peace talks in Geneva ended without a breakthrough. According......
European Union ambassadors are meeting this week to finalize sanctions against the Kulevi oil terminal in Georgia as part of the bloc’s 20th sanctions package against Russia, in what would mark the first time Brussels targets a port in a country officially seeking EU membership. The proposed measures......
Hungary’s state controlled energy company MOL has ordered its first seaborne deliveries of Russian crude to be routed through Croatia, marking a new phase in an energy supply dispute involving Kyiv, Budapest and Bratislava after damage to the Druzhba pipeline in late January. Foreign Minister......
Russia’s oil sector is entering its deepest crisis in decades as Western sanctions drive export prices sharply lower and push smaller producers toward insolvency, threatening a central pillar of the Kremlin’s wartime economy. State lender VTB is preparing to file for bankruptcy against First......
The government of Venezuela called Tuesday for a “negotiation in good faith” with neighboring Guyana to resolve their long-standing territorial dispute over the vast Essequibo region, a contested territory rich in oil and other natural resources. Essequibo, a 160,000-square-kilometer area......
India has confirmed the seizure of three oil tankers under US sanctions suspected of operating within Iran’s so called shadow fleet, marking the country’s first major enforcement action against ships accused of evading international oil restrictions. The operation comes amid improving ties......
A tanker identified as the Nicos I.V. entered Matanzas Bay in Cuba on February 16, delivering fuel to the island and ending more than five weeks of acute shortages that have triggered widespread power outages and supply disruptions, Reuters reported. This arrival comes amid Cuba’s worst energy......
Russia said its air defense systems shot down 151 Ukrainian drones overnight, hours before Russian and Ukrainian officials met in Geneva for a new round of US mediated peace negotiations. The strikes targeted areas in southern Russia and annexed Crimea, igniting a major oil refinery fire and injuring......
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