Tag: Oil

Categories Business

India to cut Saudi oil imports amid escalating standoff over output & diversification drive

Posted on Posted onBy Editor

Indian state refiners are planning to cut oil imports from Saudi Arabia by about a quarter in May, Reuters has reported, citing its sources. This comes after calls from India to increase crude production were ignored by OPEC. … Read More >India to cut Saudi oil imports amid escalating standoff over output & diversification drive

Categories World

U.S. Government Turns Somalia Into Failed State to Steal Its Oil for Shell and Exxon-Mobil

Posted on Posted onBy Editor

United States foreign policy in Somalia has always sided with the wrong side.” That’s how Mohamed Haji Ingiriis, a young Somali historian studying for his doctorate at Oxford, summarized Washington’s legacy there in an interview with CovertAction Magazine. … Read More >U.S. Government Turns Somalia Into Failed State to Steal Its Oil for Shell and Exxon-Mobil

Categories Middle East

US Reportedly Sneaks 45-Truck Convoy of Military Vehicles and Oil Tankers Into Syria

Posted on Posted onBy Editor

The Biden administration has continued its predecessor’s policy of sending convoys filled with military equipment and supplies into Syria, and of smuggling oil out. However, Pentagon officials now deny that US military personnel or contractors are involved in any oil-siphoning activities. … Read More >US Reportedly Sneaks 45-Truck Convoy of Military Vehicles and Oil Tankers Into Syria

Categories World

Chinese-flagged trawler runs aground off Mauritius, sparking concerns about potentially devastating oil leaks

Posted on Posted onBy Editor

Coastguard and naval forces have been deployed by Mauritius after a Chinese-flagged trawler carrying 130 tons of petroleum ran aground off the island nation, sparking fears of an environmental disaster if it starts to leak oil. … Read More >Chinese-flagged trawler runs aground off Mauritius, sparking concerns about potentially devastating oil leaks

Categories Business

‘We said: Inshallah’: US sanctions fail to prevent Iran from selling record amount of crude to energy-hungry China

Posted on Posted onBy Editor

Iran has reportedly managed to ship record volumes of oil to China below the radar of the US economic penalties that have banned the Islamic republic from selling its crude to China, India, Japan and South Korea since 2018. … Read More >‘We said: Inshallah’: US sanctions fail to prevent Iran from selling record amount of crude to energy-hungry China

Categories Middle East

UK Serious Fraud Office Over The Moon After Securing Third Conviction in Iraqi Oil Bribes Scandal

Posted on Posted onBy Editor

In 2003, British and US troops invaded Iraq and ousted Saddam Hussein on the false pretence that he had Weapons of Mass Destruction (WMDs). Afterwards a new pro-Western government took over and began handing out lucrative contracts in the oil industry, some of which were corrupt. … Read More >UK Serious Fraud Office Over The Moon After Securing Third Conviction in Iraqi Oil Bribes Scandal