Oil

How A Climate Rights NGO Is Sabotaging Uganda’s Energy Project 1

How A Climate Rights NGO Is Sabotaging Uganda’s Energy Project

The African Energy Chamber (AEC) is standing up strongly against Climate Rights International (CRI), an organization that the AEC believes is working to keep Uganda from benefiting from its own natural resources. The AEC argues that Uganda, with its significant oil and gas reserves, deserves the chance to develop its

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Hungary And Slovakia Threaten Ukraine For Blocking Russian Oil 1

Hungary And Slovakia Threaten Ukraine For Blocking Russian Oil

Hungary and Slovakia are in a heated clash with Ukraine over a new ban on Russian oil that they fear will disrupt their energy supplies. The EU is stepping in to mediate, as Budapest and Bratislava warn that Ukraine’s move could severely impact their oil imports. Hungary is even threatening

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How International Oil Companies Are Smuggling Over 1000 Oil Tankers Everyday 1

How International Oil Companies Are Smuggling Over 1000 Oil Tankers Everyday

International oil companies operating in Kurdistan continue to smuggle over 1,000 oil tankers daily amid a pipeline shutdown since March 2023. According to Reuters investigations, this illicit trade routes crude through Iran and Turkey, generating approximately $200 million monthly despite regulatory challenges. Although Kurdistan hasn’t been able to export its

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How Russian Oil Is Shifting Global Trade 1

How Russian Oil Is Shifting Global Trade

After Russia’s invasion of Ukraine in February 2022, Western nations imposed harsh restrictions on Russian oil imports. This has led to a significant shift in global trade, with countries like China, India, and Turkey increasing their oil imports from Russia. After Russia invaded Ukraine in February 2022, there were harsh

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Who Is Buying The $12 Billion Saudi Aramco Shares? 1

Who Is Buying The $12 Billion Saudi Aramco Shares?

Saudi Aramco’s $12 billion share sale last Sunday, selling 1.545 billion shares at 26.70-29 riyals each, saw immediate success, attracting keen interest from global investors. In a filing with the Saudi Exchange last week, Saudi Aramco (ARMCO), the country’s largest energy corporation, announced its intention to sell shares in the

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India To Buy Russian Oil In Roubles 1

India To Buy Russian Oil In Roubles

Reuters has reported that Indian company Reliance Industries will buy Russian oil in roubles and is also able to acquire the oil at a discount. Four people with knowledge of the situation told Reuters that Russia’s Rosneft and India’s Reliance Industries, which runs the largest refining complex in the world,

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