oil
Europe
Anointment Oil for King Charles’ Coronation Consecrated in Jerusalem
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...
Business
Oil Prices Surge After OPEC+ Announce Unexpected Production Cut
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...
Diplomacy
Greece, Bulgaria Sign Deals that Could ‘Change the Energy Map’
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...
Diplomacy
Russia Says Will Not Accept Oil Price Cap
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...
Business
EU Imposes Price Cap on Russian Oil at $60 Per Barrel
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...
Diplomacy
US Eases Oil Sanctions on Venezuela After Humanitarian Deal
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...
Greek News
Greek Court Overturns Ruling on Seizure of Iranian Ship
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...
Greek News
Dramatic Scenes as Iran’s Commandos Storm Greek Tanker
Iran released footage of the Revolutionary Guards storming the two Greek oil tankers in the Gulf last Friday in apparent retaliation against Greece's seizure of Iranian crude oil cargo.
Armed Revolutionary Guars are seen landing by navy helicopters on the...
Energy
EU Agrees on Partial Ban of Russian Oil Imports
European Union leaders have agreed on a plan to block more than two-thirds of Russian oil imports after late-night talks at a summit in Brussels.
The president of the European Council, Charles Michel, hailed the deal as a “remarkable achievement”,...
Greece
Iran Seizes Control of Two Greek Ships in Persian Gulf
Iran took control of two Greek ships in the Persian Gulf on Friday one day after Greece aided the US in seizing a cargo of crude oil from an Iranian oil tanker in the Mediterranean.
The country's Revolutionary Guard announced...