The G7 and EU on Friday agreed a $60-per-barrel price cap on Russian oil in an attempt to deny the Kremlin of war resources, as President Vladimir Putin said more strikes on Ukrainian infrastructure were “inevitable.”
The Treasury Department granted permission Saturday for oil giant Chevron to produce and export oil from Venezuela following the South American country’s decision to restart talks with opposition groups.
Hungary’s controversial prime minister says his country will only consider ratifying NATO military alliance membership of Finland and Sweden next year.
In a Monday speech, President Joe Biden proposed taxing oil companies currently raking in high profits amid rising energy prices.
The Israeli military has destroyed about 90% of Iran’s military infrastructure and attempts to entrench itself – with Hezbollah – in Syria, top officials in the defense establishment claimed over the weekend.
President Joe Biden has announced he will release 15 million barrels of oil from America’s emergency Strategic Petroleum Reserve, a move analysts say is intended to show voters in next month’s midterm elections that he is concerned about high gas prices, USA Today reports.
Political tensions are rising in the Netherlands after the Dutch government decided to accommodate thousands of migrants on cruise ships.
A fire at one of Iran’s most notorious prisons where Christians and political activists are among inmates has killed at least four people and injured 61 others, Iranian authorities acknowledged Sunday.
Britain’s embattled Prime Minister Liz Truss fired her Finance Minister Kwasi Kwarteng on Friday and deleted parts of their economic package in a desperate bid to stay in power and reassure markets after financial turmoil.
There are plans in the making for Egypt to take over the development of Gaza’s offshore natural gas field, a move that would stimulate the weak Palestinian economy, i24 News reports. The Gaza Marine field is believed to hold over 1 trillion cubic feet of natural gas, well over what is needed to supply Palestinian territories, and could therefore be a potentially lucrative source of export.
Researchers announced earlier this month that NASA technology developed for the International Space Station could also be used to charge electric vehicles on earth in as little as five minutes, Business Insider reports.
The coronation of Charles III, the first new monarch for Britain in more than 70 years, has been set for May 6.
The latest poll shows that if the election for the Knesset were held today, the bloc led by Former Prime Minister Benjamin Netanyahu would win 61 seats, just enough to form a government. The center-left bloc headed by Prime Minister Yair Lapid would have 55 seats.
OPEC+ has announced a significant cut in global oil supplies ahead of European Union embargoes on Russia energy and in time for the peak winter season, Reuters reports. Exacerbating concerns about soaring inflation, the move is expected to push up the price of gasoline again.
A new report by the Safeguard Defenders human rights NGO reveals that China’s ruling Chinese Communist Party (CCP) has set up a worrying global policing program, including the establishment of police stations in New York City and Toronto, through which to establish extraterritorial control of citizens suspected of fraud and telecom crimes.
A new report from the Department of the Interior shows the Biden Administration has leased fewer acres of land for oil and gas drilling on federal lands and waters since former President Harry Truman in the 1940s.
Finance ministers of the wealthy Group of Seven (G7) industrialized nations want a price cap on Russian oil to prevent Moscow from profiting from its war against Ukraine.
IRNA reports that Syria’s oil and gas industry is one of Iran’s “most significant markets for investment.” The synergy between the two Middle Eastern countries, IRNA said, could be an “important step” toward economic cooperation.
Iran and Russia have agreed on a deal that would enable the two countries to dominate the world market for natural gas and set the prices.
A video produced by the Lebanese terror group Hezbollah and released on July 31 threatened the Karish offshore natural gas and oil field in the northern part of Israel’s Exclusive Economic Zone.