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Top Egypt Oil & Gas News

Exxon in talks with Iraq about buying Lukoil stake in giant West Qurna 2 oil field: Report — REUTERS / pwu404

Iraq Economy · Iraq

Exxon in talks with Iraq about buying Lukoil stake in giant West Qurna 2 oil field: Report

50% Left coverage: 6 sources

The EU and G7 Are Considering a Complete Ban on Russian Oil Shipments Instead of Implementing Price Caps.

European Union · Russia

The EU and G7 Are Considering a Complete Ban on Russian Oil Shipments Instead of Implementing Price Caps.

Discussions are underway regarding the replacement of price caps with a complete prohibition on maritime exports of Russian oil. Currently, over one-third of Russia’s oil exports – primarily destined for India and China – are transported by Western tankers utilizing Western shipping services. Such a ban would terminate this trade, which involves companies from EU member states such as Greece, Cyprus, and Malta. The remainder of Russian oil expor…See the Story