Oil & Gas

Iraq Considering Exporting Oil Through Lebanese Port of Tripoli

This is Beirut, 12/08 17:45 - Reading : less than a minute

Iraq Oil Ministry Iraq Lebanon Port of Tripoli Oil & Gas

The Iraqi Oil Ministry announced Tuesday that it is exploring the option of exporting oil via Lebanon's Tripoli port and is considering reopening the oil export pipeline linking Iraq and Syria, as reported by local and regional media outlets. The ministry also stated it will establish a joint committee to evaluate the pipeline's current ...

Trump Says to Raise Tariff on India over Russia Oil Purchases

This is Beirut, 04/08 21:02 - Reading : 2 minute(s)

Donald Trump Russia United States Tariffs Oil & Gas

President Donald Trump threatened Monday to hike US tariffs on goods from India over its purchases of Russian oil, a key source of revenue for Moscow's war on Ukraine. New Delhi quickly pushed back, saying the move was unjustified and vowing to protect its interests. Trump's heightened pressure on India comes after he signaled fresh ...

Eight OPEC+ Countries Raise Production by 547,000 Bpd

This is Beirut, 03/08 17:20 - Reading : 3 minute(s)

OPEC+ Oil & Gas

Saudi Arabia, Russia and six key members of the OPEC+ alliance said Sunday they will increase production by 547,000 barrels a day in a move that analysts say aims to regain market share amid resilient crude prices. Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, along with the Saudis and Russians, together nicknamed the ...

Oil Slides, Stocks Rise as Trump Says Iran-Israel Ceasefire Holds

This is Beirut, 24/06 17:35 - Reading : 3 minute(s)

United States Donald Trump Oil & Gas China Iran

Oil prices sank and stock markets rose Tuesday as US President Donald Trump said a ceasefire between Iran and Israel was taking hold after he berated both countries for violating the truce. In volatile trading, crude futures slumped more than five percent after Trump announced a ceasefire. "This morning's ceasefire further reduced the perceived ...

Oil Prices Fall More than 7% after Iran Attacks US Military Base

This is Beirut, 23/06 22:44 - Reading : 1 minute(s)

United States Qatar Iran Israel Middle East Oil & Gas

Oil prices sank more than six percent Monday after Iran attacked a US military base in neighboring Qatar in retaliation for US weekend strikes on Iranian nuclear facilities. Near 1815 GMT, futures for West Texas Intermediate fell 7.22 percent to $68.51 a barrel, while Brent oil futures dropped 7.18 percent to $72.07 a barrel, its lowest level in ...

Oil Firms Evacuate Some Iraq Staff over Regional Tensions

This is Beirut, 23/06 19:15 - Reading : 2 minute(s)

British Petroleum Total Basra Oil Company Oil & Gas ENI

Foreign oil firms including giants BP and TotalEnergies evacuated some foreign staff from southern Iraq amid regional tensions, the state-owned Basra Oil Company said Monday. "Firms operating in the fields of the Basra Oil Company have temporarily evacuated some of their foreign personnel," the company said in a statement. It added ...

Russia Accuses Ukraine of 'Energy Terrorism' Over Alleged Pipeline Strike

This is Beirut, 13/01 18:30 - Reading : 4 minute(s)

Russia Ukraine Oil & Gas

The Kremlin accused Ukraine on Monday of conducting "energy terrorism" and posing a danger to Europe's energy security, after an attempted drone attack on part of a major gas pipeline that carries Russian supplies to Turkey. The allegation -- which Kyiv has not commented on -- comes amid an escalating energy row between the two countries, almost ...

Zelensky Hails the End of Russian Gas Transit Through Ukraine

This is Beirut, 01/01 19:41 - Reading : 3 minute(s)

Russia Ukraine Oil & Gas

Ukrainian President Volodymyr Zelensky on Wednesday hailed the end of Russian gas transit across his country as a significant "defeat" for Moscow amid its near three-year invasion. Flows of Russian gas to Europe via Ukraine stopped on Wednesday morning after Zelensky refused to prolong decades of cooperation that had earned billions of ...

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