Source link Maritime exports or Russian crude oil saw a strong recovery in the week to February 4 after two weeks of disruptions, Bloomberg reported on Tuesday, adding that the flows from the country’s major ports were record-equaling. Weekly average shipments reportedly increased by some 880,000 barrels per day, marking the highest since the beginning […]
Source link The number of oil tankers that have switched to sailing under the flag of Gabon saw a fivefold surge in January versus the monthly average recorded last year, according to data tracked by maritime intelligence firm Windward AI, as cited by Bloomberg. The data reportedly shows that over 100 “dark-fleet” vessels displaying Gabonese […]
Source link Gazprom supplied all of the agreed-upon volumes to Austria under a long-term contract, the outlet says Austria has become a net energy exporter for the first time in twenty years as stable supplies of Russian natural gas allowed it to sell more electricity than it imported, Bloomberg reported this week. While most EU […]
Source link Elizabeth Rosenberg is reportedly leaving the US Treasury Department for the private sector One of the main architects of the US sanctions imposed on Russia over the Ukraine conflict is leaving her position, Bloomberg reported on Friday. Elizabeth Rosenberg is departing the US Treasury Department to pursue opportunities in the private sector, the […]
Source link Uniper was nationalized after facing €40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country’s major gas importer Uniper, which was bailed out during the energy crisis in 2022, Bloomberg reported on Wednesday, citing people familiar […]
Source link New Delhi is planning to increase fuel production by over 20% in the next five years India is poised to significantly increase its crude refining capacity in an effort to accommodate its growing demand for fuel, Bloomberg reported on Wednesday. The world’s third-largest crude oil importer, India, seeks to raise production of transport […]
Source link Giving up Russian gas for US LNG undermines the region’s security, analysts say Replacing Russian gas with liquefied natural gas (LNG) from the US has exposed the EU’s energy system to major security risks, Bloomberg has reported, citing industry experts. The US, which started exporting its shale gas only in 2016, is currently […]
Source link Houthi attacks in the waterway have prompted many companies to redirect vessels to longer and more expensive routes The cost of shipping fuel by sea has in some cases soared above $100,000 a day due to continued disruptions in the Suez Canal and Red Sea caused by attacks by the Houthi rebels, Bloomberg […]
Source link Consumers in Muslim-majority countries have shunned Starbucks, McDonald’s, and Coca-Cola over the Gaza conflict Numerous major Western brands have shed customers and seen profits dented due to boycott campaigns in the Middle East targeting companies seen as supporting Israel in the war in Gaza, Bloomberg reported on Friday. Israel declared war on Hamas […]
Source link The bloc wants to direct the income generated by Moscow’s frozen reserves to Ukraine The EU is moving forward with plans to impose a windfall tax on the income generated by frozen Russian assets, Bloomberg reported on Tuesday, citing sources. The bloc’s foreign ministers approved the tax on Monday and its ambassadors will […]
Source link New Delhi is reportedly seeking to shield its producers from the bloc’s carbon tax India wants to protect domestic exporters from a planned EU carbon tax by asking the bloc for concessions that will help align their respective emissions trading systems, Bloomberg reported on Tuesday, citing sources. The new EU Carbon Border Adjustment […]
Source link Demand from New Delhi for liquefied natural gas is expected to top 70 million tons annually Norway’s Crown LNG is set to invest more than $1 billion to construct a regasification terminal in India, Bloomberg reported on Tuesday, citing the company. The facility, which will be built in the city of Kakinada and […]
Source link The US has approved imposing secondary sanctions on institutions found aiding Moscow Chinese state-owned banks are tightening controls on servicing Russian clients after Washington approved secondary sanctions on financial institutions found aiding Russia’s military-industrial complex, Bloomberg reported on Tuesday, citing people familiar with the matter. In December, US President Joe Biden signed an […]
Source link The Turkish leader was reportedly angered by the World Economic Forum’s response to Israel’s war in Gaza Turkish President Recep Tayyip Erdogan has intervened to stop Finance Minister Mehmet Simsek from attending the World Economic Forum’s (WEF) meeting in Davos this week over the organization’s stance on the Israel-Hamas war, Bloomberg reported on […]
Source link Production drilling still managed to reach the highest level in a decade last year, data shows Russian oil companies were on track for record drilling at their oil fields last year and showed no signs of harm from sanctions or the departure of some Western oil-field service providers, Bloomberg reported on Wednesday. From […]