Investing.com — executives said Friday that the ongoing Middle East crisis will have a marginal impact on the Italian energy company’s oil production and cash flow, though they warned the situation could prove more significant than current market estimates suggest. The company will honor all commitments to customers for deliveries of jet fuel, diesel and…
The Greek-flagged crude oil tanker “Asahi Princess” is made ready off the coast of the Syrian Baniyas port refinery, along the Mediterranean Sea on on April 15, 2026. Iraq has begun exporting crude using tanker trucks through Syria, its oil ministry said, as an official said oil revenue last month dropped more than 70 percent…
Jump in prices comes as Donald Trump says vessels will need permission of US Navy to transit key waterway. Published On 24 Apr 202624 Apr 2026 Oil prices have jumped on heightened tensions between the United States and Iran in the Strait of Hormuz following Washington and Tehran’s tit-for-tat captures of commercial vessels. Brent crude,…
TIANJIN, CHINA – SEPTEMBER 01: Indian Prime Minister Narendra Modi talks with Russian President Vladimir Putin(L) and Chinese President Xi jinping ahead of the Shanghai Cooperation Organization (SCO) Summit 2025 at the Meijiang Convention and Exhibition Centre on September 1, 2025 in Tianjin, China. (Photo by Suo Takekuma – Pool/Getty Images) Pool | Getty Images…
The Supreme Court agreed on Friday that energy companies facing lawsuits over environmental damage to Louisiana’s coast from oil and gas production can move the challenges from state courts into friendlier federal venues. The ruling is a significant victory for oil companies, led by Chevron and Exxon Mobil, in their legal battle with Louisiana state…
Shorouk Express Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email President Donald Trump has called for a “total and complete blockade” of sanctioned oil tankers from Venezuela in an escalation of tensions with…
Shorouk Express BAKU, Azerbaijan, November 21. The United States imposed a new round of sanctions targeting shipping networks and an airline it says are helping fund Iran’s “malign activities” through illicit oil sales and support for Iran-backed militant groups, the State Department said, Trend reports. The Departments of State and Treasury announced coordinated designations aimed…
Shorouk Express The measures, announced on Oct. 22, were “a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine,” the U.S. Treasury said. Lukoil subsequently announced it would sell its overseas assets but has yet to find a buyer after a deal with Swiss-based firm Gunvor fell through when Washington blocked it. U.S. private…
Shorouk Express Ukrainian drones set fire to Russian port and oil tanker, Moscow says A Ukrainian drone attack set ablaze the Russian port of Tuapse and an oil tanker, the administration of Russia’s southern region of Krasnodar said today. “In the port of Tuapse, fragments of UAVs (unmanned aerial vehicles) fell on an oil tanker,…
Shorouk Express ASTANA, Kazakhstan, November 2. Oil and gas condensate production for KMG at the Tengiz field in Kazakhstan reached 6.093 million tons, equivalent to 179,000 barrels per day, from January through September 2025, Trend reports via the KazMunayGas (KMG). Meanwhile, compared to the same period in 2024, production increased by 41.8 percent. Associated gas…
