oil

The Gulf of Suez is adjacent to the Suez Canal — one of the world’s most strategically significant maritime routes, connecting the Red Sea to the Mediterranean and serving as a key conduit for cargo between Asia and Europe

Crude prices surged by as much as 13%, with Brent crude briefly surpassing 75 dollars a barrel on the London market and West Texas Intermediate (WTI) climbing past 73 dollars in New York.

New Blockade Targets Russia’s “Shadow Fleet” Amid Ongoing Efforts to Curb Energy Exports

Oil prices fell by 8% on Friday, heading toward their lowest close since the height of the COVID-19 pandemic in 2021, as China hit back in an escalating global trade war with the United States following a barrage of tariffs announced earlier this week by President Donald Trump. Brent crude futures dropped by $5.30, or […]

Biden to ban offshore drilling along most U.S. coastlines, totaling 625M acres. Trump vows to reverse the ban, but legal hurdles may make it difficult.

Domestically, considering the heightened demand for gasoline and diesel fuel due to increased travel activity expected during the forthcoming summer season, it is improbable that Greek market prices will remain unaffected.

“At the moment, they don't have the ability to take a bath. In each house, we have small tanks that store water, and we use it. That's where the major problem is because the plastic retains the smell of the oil.”

The tanker, St. Nikolas, is a Marshall Islands-flagged oil tanker associated with the Greek shipping company Empire Navigation and was headed for a Turkish refinery

Currently, Brent crude stands at $79.82 per barrel, marking a 0.58% increase, while U.S. crude is at $74.53, marking a 0.57% increase

The latest round of sanctions adds an additional 61 persons and 86 entities to the EU's existing list