Oil Archives - Page 2 of 3 - Financial Mirror

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

1st September 2022

Maritime

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

31st May 2022

Cyprus/Europe

Global energy crisis will get worse

Every way you turn, problems abound, and the good news is few and far between. The bottom line is that the global energy crisis will worsen before it gets better. I summarise

29th May 2022

Comment/Energy

EU sanctions on Russian oil will stir Cyprus inflation

Nicosia argues that EU-proposed sanctions to ban Russian crude imports will push Cyprus to double-digit inflation. Finance Minister Constantinos Petrides said the oil embargo on Russia, the ban on Russian oil supplies,

13th May 2022

Cyprus/Europe

Greece U-turn on fossil fuels

Facing public pressure from spiralling electricity and gas prices while trying to stem imports from Russia, Greece’s prime minister Kyriakos Mitsotakis made a spectacular U-turn on energy policies. Within two weeks, he

25th April 2022

Energy

No end to rising oil prices

Ever since Russia’s invasion of Ukraine, the price of oil has been rising relentlessly. On February 24, Brent crude was trading at $95/barrel. However, following President Biden’s announcement that the US is

9th March 2022

Comment/Energy

US halts Russian oil, Moscow pledges new corridors

The United States has banned imports of Russian oil, firing one of its biggest economic weapons against Moscow over the war in Ukraine where new humanitarian corridors were set to open Wednesday

9th March 2022

World

‘Not our war’: Gulf resists pressure to raise oil output

Russia’s invasion of Ukraine has sent energy prices surging, but the oil-rich Gulf monarchies have so far resisted Western pressure to raise output, prioritising their own strategic and economic interests. The price

3rd March 2022

Energy

OPEC+ to increase oil production

The OPEC+ group of oil-exporting members plus Russia and others agreed to stick to its April 12 decision to increase crude oil production by 400,000 barrels per day every month and return

6th September 2021

Comment/World

Syrian oil spill dissolving, drifting away

Alarm over an oil spill from Syria heading for Cyprus shores has ended after authorities said the latest imagery shows it is moving away from the island. Cypriot authorities said on Wednesday

1st September 2021

Cyprus/World