Oil prices volatile to output decisions

Global energy markets continue to be volatile, with major producers saying their cartel decisions to cut production and hike prices were justified. Saudi Arabia will keep supplying at least several refiners in

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Ending the week on a high

By Craig Erlam   Stock markets are ending the week on a positive note although broadly speaking, it doesn’t seem we’ve progressed in either direction over recent weeks. Trading has become very choppy

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Big Oil maintain output plans

International oil companies (IOCs) are maintaining their output plans, despite increasing demand and output of electric vehicles and emission targets that should match zero-carbon ambitions over the next two decades. ExxonMobil is

Israel’s first oil exports from Energean field

Israel’s first-ever stream of crude oil exports to global markets was launched from Energean’s Karish development in the eastern Mediterranean. The crude shipment was loaded this week from the Energean Power Floating

Shipping giant moves to Cyprus

Good news for the local shipping industry, as a major ship-owning company registered in Bermuda and listed on the New York Stock Exchange has reportedly initiated the transfer of its activities to

Oil tanker sets sail after blocking Suez

A Singapore-flag crude oil tanker was refloated Thursday and is headed to a nearby Saudi port after being stranded and briefly blocking the Suez Canal. Tugboats from the Suez Canal Authority released

Cyprus welcomes Russian oil embargo

Nicosia has welcomed the toughest EU sanctions against Russia for invading Ukraine, with Brussels banning oil imports to the bloc. European Union leaders have agreed an embargo on Russian oil imports that

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