Russia’s Covert Tanker Fleet Skirts Sanctions to Keep Oil Flowing
by Russia’s covert network of oil tankers, often referred to as the “shadow fleet,” has drawn intense scrutiny from Western governments as it plays a central …
Tag: oil
Oil prices stabilize after significant dip, rebound expected
Global oil prices have started to recover after last week’s sharp decline, which saw a 7% loss driven by concerns over supply and demand dynamics. …
Russian Oil Flows Through Western ‘Price Cap’ as Shadow Fleet Grows
A report shows how Russia has largely evaded sanctions aimed at limiting its revenue from oil sales.
Iran making billions in oil revenues under Biden admin as expert slams sanctions policy for lack of ‘pressure’
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Conflict Between Israel and Iran Adds to Oil Market Volatility
Israel and Iran are fighting at a time when prices are under pressure because of weak demand in China and concerns about oversupply.
Mideast Tensions Unlikely to Push Oil to $100
In an interview with Al Arabiya’s Hadley Gamble, ENI’s CEO Claudio Descalzi dispelled the notion that oil prices might hit $100 by the year-end despite …
Amid Sanctions, Russian Oil Tankers Are Flying New Flags
A shadowy network of ships has registered in Gabon, highlighting how Vladimir V. Putin is building an economy beyond the reach of Western sanctions.
How an Israeli Strike on Iran’s Oil Sector Would Impact China
China has strategic reserves and alternatives like electric cars, should oil imports ever be interrupted.
Oil Price Jumps After Biden Says ‘Discussing’ Potential Israeli Strike on Iranian Facilities
The president was asked about a potential strike on the oil infrastructure of Iran, which accounts for about 2 percent of the world’s supply.
OPEC+ Ministers Maintain Oil Output Levels Amidst Ongoing Talks
Oil-producing nations in the OPEC+ alliance have decided to maintain the current output policy following a key meeting. The gathering of ministers, which occurred as …