oil

Venezuela's state-owned oil company, PDVSA, is looking to crypto as a means to bypass new sanctions placed on it by the US, Reuters reported. The US Treasury Department last week gave PDVSA's customers and providers until May 31 to wind...

A Greek exporter of pomegranate oil says that he cannot make enough product to satisfy the current world demand for the oil of this fruit.

A new deal has been agreed upon at the UN climate summit (COP28) in Dubai. For the first time, it calls on all countries to move away from using fossil fuels. Burning fossil fuels drives global warming, risking millions of...

The sacred oil which will be used for the coronation of King Charles on 6th May 2023 has been consecrated in Jerusalem. Theophilos III, the Greek Orthodox Patriarch of Jerusalem, and the city’s Anglican Archbishop Hosam Naoum consecrated the Chrism...

On Monday, oil prices rose by as much as 6% after Saudi Arabia, Russia, Iraq, and other members of OPEC+ announced that they would be cutting production by as much as 1.15 million barrels per day from May until...

Greece and Bulgaria signed two deals that could "change the energy map of south-eastern Europe, the Greek PM Kyriakos Mitsotakis said on Thursday. The Greek premier met with the President of Bulgaria, Ruben Radev, in Athens and signed two memoranda...

The Russian government has said that it "will not accept" a price cap on its oil. Russia's response came today after the EU reached an agreement on Friday to join the G7 in capping Russian oil imports at $60...

This Friday, the European Union (EU) agreed to introduce a price cap on Russian oil. The decision is intended to punish Moscow for the Russian invasion of Ukraine and limit potential profits. The cap will be set at $60 per...

The US government has reached an agreement with Venezuela to lift some of its sanctions against the Latin American country. The move will allow Chevron Corporation, an American multinational energy corporation, to resume pumping oil in Venezuela. The move was...

On Wednesday, a Greek court overturned an earlier court ruling allowing for the confiscation of part of an Iranian ship's cargo by the United States. The ship in question is an Iranian-flagged tanker off the Greek coast. The incident had...