Calamos Supports Greece

oil

Climate Summit Deal Pledges Transition Away From Fossil Fuels

A new deal has been agreed upon at the UN climate summit (COP28) in Dubai. For the first time, it calls on all countries to move away from using fossil fuels. Burning fossil fuels drives global warming, risking millions of...

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...

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...

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...

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...

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 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...

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...