oil

Chevron and HELLENiQ ENERGY have filed an official request for Chevron to enter Greece’s Block 10 concession in the Gulf of Kyparissia, the Greek Ministry of Environment and Energy announced. The request marks another step in the US energy giant’s...

In a coordinated effort to stabilize international energy markets, Greece has announced the release of two million barrels of crude oil from its emergency reserves. This move comes as part of a broader initiative led by the International Energy Agency...

The recent chaos in the global oil and gas market, fueled in part by tensions surrounding the Iran war, has turned the Middle East into a high-stakes arena for US oil and gas interests. Attention is now fixed on the...

In a series of dramatic developments following the US military operation in Caracas, President Donald Trump has announced that Venezuela will "hand over" tens of millions of barrels of oil, while Venezuela’s interim President has declared seven days of...

The volume of Greece-owned tankers loading Russian crude has plunged to its lowest level since the invasion of Ukraine. This drastic and immediate withdrawal reflects widespread market disruption and caution ahead of a critical US sanctions enforcement deadline targeting...

The tiny country that boasts the fastest-growing economy worldwide is still expanding its oil output capacity.

Greece has reportedly established a working group to analyze the US-EU tariffs agreement and identify opportunities for exemptions or preferential treatment for Greek products. The goal of the group set up at the Greek Ministry of National Economy and Finance...

Brazil's government announced on Tuesday that several oil companies secured rights to develop 19 offshore oil fields near the mouth of the Amazon River. This was part of the regular auctions conducted by the National Petroleum Agency, a state...

Greek oil and shipping businessman Vardis Vardinogiannis died in Athens on Tuesday, He was 91. The Vardinogiannis family announced his death with the following statement: "With deep sadness, the Vardis Vardinogiannis announces that the beloved father and grandfather Vardis I....

Cuba has experienced four power outages in 48 hours, and its aging power grid and reliance on imported oil means there is no quick fix. Cuba's power grid is almost 50 years old, and after four prolonged island-wide outages in...