Brent crude tops $105 as US-Iran conflict fuels supply concerns

 Brent crude rose above $105 per barrel on Thursday as the escalating US-Iran conflict heightened concerns over prolonged disruptions to global energy supplies.

Oil tops $100 as Middle East conflict intensifies

 

Global oil prices have surpassed $100 per barrel as escalating fighting between the US and Iran, and Houthi attacks on Saudi energy infrastructure, raised fears of further supply disruptions. Brent crude broke the threshold for the first time in nearly two months.

Russian researchers discover bacteria with ability to decompose oil

  

Scientists from the Russian Far Eastern Federal University (FEFU) have discovered types of bacteria that can consume oil.

Biden to Approve Major Oil Project in Alaska -Source -VOA

U.S. President Joe Biden's administration will approve a major and controversial oil drilling project in Alaska on Monday, according to a source familiar with the matter.

Oil Prices Rise as Russia Announces Hefty Output Reduction

 World oil prices soared following Russia’s announcement of its planned hefty output cuts in February.

In Bosphorus line of ships stretched for many kilometers, traffic south to north still prohibited

 

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Russia’s only tanker with oil to enter Bosphorus on Monday — Turkey’s authorities

 

The only Russian tanker with crude oil currently stuck near the Bosphorus will enter the strait on Monday, the Turkish Transport Ministry’s Directorate General of Coastal Safety said on Sunday.

Shipping costs for Russian oil skyrocket ahead of new sanctions — Bloomberg

 

The costs of chartering vessels to ship Russian oil are skyrocketing as more tanker owners refuse to ship it on the eve of new EU sanctions, Bloomberg reported. Owners who are still willing to load Russian crude are attempting to charge more for the risk, the publication says.

Russia will not supply oil to countries introducing price cap

 

Russia does not plan to supply oil or petroleum products to countries that will introduce the price cap, Deputy Prime Minister Alexander Novak told reporters.

17 missing, 80 injured after lightning sparks huge fire in Cuba, city of Matanzas, oil Tanks

 

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1. A fire set off by a lightning strike at an oil storage facility raged uncontrolled Saturday in the city of Matanzas, where four explosions and flames injured nearly 80 people and left 17 firefighters missing, Cuban authorities said.

Explosion at illegal oil refinery depot in Nigeria : At least 109 people have died

 

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 More than 109 people were killed overnight in an explosion at an illegal oil refining depot on the border of Nigeria`s Rivers and Imo states, a local government official and an environmental group said.

Galapagos Islands disaster: Ship sinks off coast leaking thousands of gallons of diesel

 

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The ship sank off the coast of the island of Santa Cruz, academy bay, yesterday.

Fuel-laden Ship Sinks Off Tunisia Coast - UrduPoint

A tanker carrying 750 tonnes of diesel fuel from Egypt to Malta sank Saturday in the Gulf of Gabes off Tunisia's southeast coast, sparking a rush to avoid a spill.

Japan to sell 7.5 mln barrels of oil from national reserve - TASS | EL ETOS UT

Japan’s authorities decided in accordance with the arrangement among IEA member-states to sell 7.5 mln barrels of oil from the national reserve in order to reduce oil prices, Minister of Economy, Trade and Industry Koichi Hagiuda told reporters.

Oil prices hit 7-year high on security jitters

 

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Ruptured pipeline kills thousands of animals — RT World News

A major pipeline rupture in Louisiana spilled more than 300,000 gallons of diesel into nearby ponds, killing thousands of fish and other animals before it could be recovered, according to records obtained by the Associated Press.

US Pledges To sharply Reduce Methane Emissions - UrduPoint

The Biden administration announced new regulations during the global climate summit on Tuesday aimed at "sharply" reducing methane emissions by the oil and natural gas industry.

Five People Killed in Fire on Oil Platform in Gulf of Mexico, 2 Went Missing, Pemex Company Says - Sputnik International

(Sputnik) - Five people were killed, two were missing and six were injured in a fire on Pemex's offshore platform in the Gulf of Mexico, the company's CEO, Octavio Romero Oropeza, said on Monday.

Explosión en plataforma de Pemex en el golfo de México | Un muerto, heridos y desaparecidos dejó explosión

 

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How this Wildlife Paradise Became a Big Oil Victim

 

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