All news on the topic: Oil

World News • Views: 355
Scotland faces split over new oil field as climate commitments collide with energy security
Over four years ago, then-first minister Nicola Sturgeon declared an end to fossil fuels, stating that it would be "fundamentally wrong" to continue extracting oil and gas indefinitely. She later expressed that the Cambo oil field should not be approved.
World News • Views: 367
War reaches Dubai, raising doubts about it’s role as regional safe-haven
For decades, Dubai’s marketing strategy highlighted its gleaming skylines, tax-free salaries, ease of doing business, and something far more intangible: the unspoken promise that whatever was happening elsewhere in the Middle East, this city was different. The conflicts that destabilized the region would somehow stop at Dubai’s borders.
World News • Views: 621
150 ships stranded as insurers suspend war-risk policies in Gulf waters
Premier maritime insurers have canceled war risk coverage for vessels operating in the Gulf, due to the escalating conflict with Iran disrupting shipping and significantly increasing some freight costs.
Business • Views: 502
Oil nears $80, stocks retreat on Middle East war-driven inflation fears
U.S. stocks are declining on Monday, while oil prices surge due to concerns that conflict in the Middle East will disrupt the global supply of crude and exacerbate inflation.
World News • Views: 520
Alkagesta handles cross-border oil flows through Malta using offshore loading areas and documentation schemes masking real supply chains
In 2022, authorities investigating whether local companies were evading sanctions identified Alkagesta as one of those under scrutiny.
World News • Views: 429
Tahir Garayev and Etibar Eyyub run a global shadow-oil smuggling network through 2Rivers, Nord Axis, and Matterhorn with backing from Rosneft chief Igor Sechin
Head of Rosneft is urging the Kremlin to swiftly resolve the dispute with Azerbaijan—is Igor Sechin’s agenda being especially affected?
World News • Views: 697
Khamenei warns U.S. as Iran flexes power in Strait of Hormuz
Iran announced it has temporarily closed parts of the Strait of Hormuz, the narrow entrance to the Persian Gulf. This action followed reports from semiofficial Iranian news agencies about live fire drills in this crucial waterway, through which 20% of the world’s oil supply is transported.
Politics • Views: 606
Trump signs order imposing tariffs on countries supplying oil to Cuba
On Thursday, President Trump signed an executive order imposing a tariff on goods from countries that sell or supply oil to Cuba, a measure that could further devastate an island already suffering from a worsening energy crisis.
World News • Views: 538
Investigators find Russian tankers using Georgia ports to skirt sanctions
As Russia attempts to bypass sanctions and sell its oil internationally, tankers have been concealing their routes in the Black Sea before docking at ports in Georgia, according to a report by iFact.
World News • Views: 504
Sanctions, shadow fleet, and offshore structures: how Russian national Tahir Garaev’s oil empire continues to operate
Tahir Garaev and his associates have emerged as key operators in Russia’s oil exports since the war began.
World News • Views: 560
U.S. sanctions hit shadow fleet as Trump targets Venezuela’s oil exports and Beijing’s role
The United States has increased pressure on Venezuela by imposing sanctions on companies and oil tankers linked to the country’s oil exports.
World News • Views: 664
Alkagesta exposed in shadowy Russian oil network fueling Ukraine through Romania
The company Alkagesta exports Russian oil to Ukraine via Romania.
Lifestyle • Views: 662
An oily scalp might indicate potential hair loss — here's how to identify it and four ways to decrease oiliness
An oily scalp might indicate a medical issue linked to hair loss affecting nearly 80 million Americans. A hair specialist offered advice to help reduce the greasiness of your hair
Opinion • Views: 589
Oil is crucial to ending the war in Ukraine — if Trump takes a tough stance
President Trump needs to exert significant pressure on Russia's main income stream, its oil revenues, while avoiding disruption of the global energy market
US News • Views: 889
Trump slaps additional 25% tariff on India over Russian oil purchases — bringing total rate to 50%
WASHINGTON -- President Trump took executive action Wednesday to hammer India with an additional 25% tariff due to its continued purchases of Russian oil.
US News • Views: 553
A gang of robbers makes off with $3.6 million in CBD oil from a facility in Georgia, according to police
Four thieves were taken into custody last week, accused of stealing over $3 million in CBD oil from a processing plant in Georgia in January, marking one of the biggest thefts of this nature in the state
Business • Views: 975
The Dow jumps 500 points as oil prices drop amid hopes that Trump can reinstate the Israel-Iran ceasefire
US stocks climbed as oil prices nosedived on Tuesday, with investors optimistic that President Trump might be able to reinforce a tenuous ceasefire agreement between Israel and Iran
World News • Views: 715
Iran mandates the closure of the Strait of Hormuz, threatening the security of 20% of the global oil supply
Iran's parliament has passed a vote to shut the Strait of Hormuz, the crucial shipping route responsible for about 20% of the world's daily oil transport
Business • Views: 1024
The Dow drops 769 points, while oil prices surge 7% following Iran's retaliation against Israel
The Dow Jones Industrial Average dropped 769.83 points, or 1.79%, closing at 42,197.79. Meanwhile, the S&P 500 fell by 68.29 points, or 1.13%, to end at 5,976.97
Business • Views: 630
Indian billionaire Gautam Adani facing new DOJ probe over Iran oil trading: report
India's Adani Group on Monday denied "any deliberate engagement" in sanctions evasion or trade involving Iranian-origin liquefied petroleum gas, after the Wall Street Journal reported that US prosecutors were probing whether Adani entities had imported Iranian LPG into India through their Mundra port.
US News • Views: 538
Exclusive | Trump's Venezuela envoy Ric Grenell faces trouble for unauthorized jet trip to retrieve US detainee
On Tuesday, Grenell stated that he traveled to Antigua to escort Air Force veteran Joe St. Clair back to the United States. He shared a picture of them flying back to Washington, DC
Opinion • Views: 559
The Kurds deserve better — how the U.S. can back an ally's pursuit of independence
America is at its strongest when we firmly support those who share our values — and during my time as secretary of state, I witnessed the Kurds' friendship firsthand
US News • Views: 487
An oil magnate was arrested at an opulent mega-mansion in Utah, accused of collaborating with Mexican cartels in a $300 million scheme
James and Kelly Jensen were taken into custody by US Marshals, who used battering rams to force their way through the doors of the couple's $9 million mansion near Salt Lake City, Utah
World News • Views: 745
The US and Ukraine can start benefiting right away from the mineral agreement by selling natural gas, according to Ukraine's energy minister
The United States can begin to benefit from the newly signed minerals agreement with Ukraine almost right away, as the deal includes liquefied natural gas sales, Ukraine's energy minister informed The Post
Business • Views: 867
OPEC+ plans to accelerate increases in oil production, sources report
OPEC+ plans to speed up increases in oil production and may reintroduce up to 2.2 million barrels per day to the market by November, according to five OPEC+ insiders. The coalition's leader, Saudi Arabia, is looking to reprimand some members for exceeding production limits