Science and technology, explained simply
In the context of sanctions imposed on Iran and Russia, a shadow fleet has been formed – a group of old tankers used for illegal oil transportation. Ukrainian contract seafarers are using online networks to exchange information to avoid being hired by these vessels, writes HakaiMagazine. What is known Telegram communities of more than 8,000 […]
Oil rises after the death of Iran’s president and news from Saudi Arabia; Oil prices rose after the Iranian president died in a plane crash and the Saudi crown prince canceled a trip to Japan, citing the king’s health problems. This was reported by Reuters. Brent crude rose 41 cents, or 0.5%, to $84.39 per […]
The oilfield services company SLB (formerly known as Schlumberger) has announced that it will stop supplying products and technologies to Russia from all of its facilities. The decision, which is related to the tightening of international sanctions, was announced on the company’s website, cited by moscowtimes.eu. SLB has previously restricted the supply of products from […]
On the Russian oil market, which has been under the European embargo since December, prices have fallen at the first New Year’s auctions. Bloomberg writes about this with reference to data from the Argus price agency. The price of Urals, the main brand of the Russian oil industry, which accounts for almost two-thirds of exports, […]
Oil prices edged lower on Thursday, hovering near two-month lows, as the G7’s proposed price cap on Russian crude was seen as higher than current market trading levels, easing supply concerns. Brent Crude futures were down 0.3% at $85.20 a barrel, while West Texas Intermediate (WTI) crude futures were down 16 cents at $77.78 a […]
From December 1, Turkey will require oil carriers passing through the Bosphorus and Dardanelles to have insurance. This may limit the flow of Russian oil, writes Bloomberg. The Ministry of Transport of Turkey adopted the relevant circular regarding the requirement for courts to provide insurance for a specific flight. EU and British sanctions on Russian […]
Saudi Arabia has made it clear to Western countries that it is ready to produce more oil if Russia significantly reduces its production due to sanctions. The kingdom has long resisted calls from Washington to increase production, but changed its position after visits by senior US officials, the Financial Times reported, citing its own sources. […]
Germany has backed an embargo on Russian oil as part of a new package of sanctions. At the last meeting of representatives of EU member states in Brussels, German delegates announced a positive decision on the part of their country to ban the import of energy resources from Russia. This was reported by a source […]
Canada says it can supply more oil, gas, and uranium that could help solve the global energy crisis. This was reported by the BBC about the Minister of Natural Resources of Canada, Jonathan Wilkinson. According to Wilkinson, there is a “consensus” among Western energy ministers that the world must cope without Russian oil and gas. […]
Analysts at the International Energy Agency (IEA) have developed an aggressive strategy to reduce the purchase of fossil fuels. The new plan consists of ten points and includes stricter speed limits for cars, abandoning cars on weekends and partially switching to remote work. IEA experts believe that meeting these goals will reduce global demand by […]