カテゴリー: Oil
Effective closure of strait of Hormuz also affecting Bangladesh, India and Pakistan, which have brought in crisis measuresSri Lanka is introducing a shorter four-day working week to preserve its shrinking fuel and gas reserves, as the Middle East confl…
US president says it is ‘only appropriate’ for Europe to help, and warns failure to do so would be ‘very bad’ for NatoMiddle East crisis – live updatesDonald Trump has ratcheted up the pressure on European allies to help protect the strait of Hormuz, w…
Crew of Thai-registered bulk carrier forced to flee fire, as US says it has destroyed 16 Iranian mine-laying vesselsMiddle East crisis live – latest updatesThree merchant ships have been struck in and around the strait of Hormuz, including a Thai regis…
‘Stopgap measure’ designed to keep oil flowing into global market as Middle East crisis disrupts crude shipmentsBusiness live – latest updatesThe US has temporarily allowed India to buy Russian oil currently stuck at sea in an effort to keep global sup…
Delhi is world’s second largest purchaser of Russian crude, which is now cheaper than oil from Middle EastRussia is already working to circumvent the latest US sanctions to ensure India can continue to import high levels of cheap Russian crude oil, acc…
Trump again called for Venezuela’s president to leave power and said the US would keep or sell the oil it had seizedChina and Russia have expressed support for Venezuela as it confronts a US blockade of sanctioned oil tankers, while Donald Trump contin…
China and India likely to scale back Russian oil imports as Trump tries to bring an end to war in UkraineVladimir Putin has said Russia will never bow to US pressure but conceded new sanctions could cause some economic pain, as China and India were rep…
The US president claimed Modi had assured him of deal, but Indian officials insist no such conversation took placeIndia has cast doubt on claims by Donald Trump that its prime minister, Narendra Modi, had agreed to stop buying Russian oil.On Wednesday,…
Announcement of deal baffles experts and former ministers, who say there is no sign of any untapped reservesThe newfound camaraderie between the US and Pakistan was on full display this week as Donald Trump welcomed Pakistan’s prime minister, Shehbaz S…
Exclusive: Experts say the move could be part of Beijing’s ‘greyzone’ grab for disputed territoryChina is drilling for oil and gas inside Taiwan’s exclusive economic zone (EEZ), a move that analysts believe is likely part of Beijing’s unilateral grab f…
US president has been unusually reticent about plans to punish Russia if it does not agree to end Ukraine warEurope live – latest updatesAfter taking six months to conclude that Vladimir Putin may not be a kindred transactional authoritarian leader but…
No pause on Russian imports by Indian oil firms who base decisions on ‘price, grade of crude, logistics and economic factors’Indian oil refineries will continue to buy oil from Russia, officials have said, before threatened US sanctions next week again…
Exclusive: Absence of world’s biggest clean energy producer will be welcomed by US pushing oil and gas exportsChina is to snub a major UK summit on energy security next week, the Guardian has learned, amid a growing row over the country’s involvement i…
Documentary shows the gruelling labour put in by a married couple wringing out drops of black gold as their son looks for a different livingIn Saeed Taji Farouky’s impressionistic documentary, the act of manual labour gains a sensorial, almost celestia…
Countries and companies involved in oil and gas extraction to be asked to join scheme aimed at tackling global heatingFossil-fuel producing countries and companies are being asked to pay into a new international fund to help poor countries cope with th…