Keywords: Oil industry
The US Treasury Department has granted a one-month extension on sanctions relief for Serbia's NIS oil company, majority-owned by Russian entities, pushing the deadline to February 20, 2026. This move provides the Balkan nation breathing room to secure winter fuel supplies amid ongoing talks to divest......
President Donald Trump announced this week that American oil companies could begin operations in Venezuela within 18 months, as his administration ramps up initiatives to revive the South American nation's battered petroleum industry following the arrest of President Nicolás Maduro over the......
The overturning of Imad Ben Rajab’s 2023 conviction by Libya’s Supreme Court has revealed systemic weaknesses in the country’s oil and fuel import processes. Beyond clearing Ben Rajab’s record, the case has illuminated gaps in oversight, testing standards, and institutional coordination,......
The Spanish agricultural industry is anxiously awaiting the potential re-imposition of tariffs on olive oil by the Trump administration. This industry, particularly in Madridejos, Toledo, supports over 60 families and has been a pillar of the local economy for generations. Olive groves stretch across......
US President Donald Trump's trade policies have recently cast a shadow over Europe, with the potential for 25 percent tariffs on EU-made goods. This move, which Trump claims is necessary to rectify what he perceives as unfair trade practices, has significant implications for various sectors in Spain,......
For years, Morocco's major oil companies have orchestrated an intricate price-fixing scheme, siphoning billions from unsuspecting consumers while regulatory bodies turned a blind eye. However, this elaborate web may finally be unraveling. The Competition Council of this North African nation has......
The Moroccan Competition Council has issued a stern warning to the behemoths of the oil industry, emphasizing the consequences of failing to honor their commitments. Council President Ahmed Rahhou, in a recent interview, shed light on the persistent scrutiny of the country's diesel and gasoline markets,......
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