TUNIS, Tunisia (AA) – Tunisian authorities on Sunday launched an investigation into the sinking of a fuel ship off Tunisia’s southeast coast. In a statement, the Tunisian Trade Ministry said the investigation will look into the ship’s recent activity to take legal action. The Equatorial Guinea-flagged tanker carrying 750 tons of fu...
TRIPOLI, Libya (AA) – Libyan tribal leaders have suspended oil production amid a standoff over power in the war-torn country. In a social media video posted on Sunday, tribal leaders in southern Libya said they halted production at the El-Feel oilfield until Prime Minister Abdul Hamid Dbeibeh hands over power to the newly appointed government ...
On Wednesday, Sen. Elizabeth Warren and Rep. Judy Chu demanded the IRS halt its disproportionate targeting of low-income Americans. They asked the agency to instead focus its attention and resources on “wealthy tax cheats.” The Democratic lawmakers said the agency’s ability to pursue tax-avoiding wealthy individuals and large corporations is c...
On Tuesday, U.S. President Joe Biden unveiled a new plan allowing homegrown biofuels to mitigate the adverse effect of rising oil prices due to Russia’s war on Ukraine. The Biden administration aims to encourage the development of homegrown biofuels to provide an affordable alternative in the short term. The U.S. Department of Agriculture will...
ISTANBUL (AA) – Iranian authorities on Friday seized an oil tanker smuggling fuel in the Gulf, the second such incident in as many weeks. Seven crew members of the vessel were arrested by the Islamic Revolution Guards Corps (IRGC), an official told Iran’s Tasnim News Agency. The tanker was carrying 250,000 liters of smuggled fuel, […]...
LONDON – The UK has hit two key Russian oligarchs, Eugene Tenenbaum and David Davidovich, with sanctions worth up to £10 billion ($13 billion). This is the largest asset freeze in British history. Foreign Secretary Liz Truss said: “We are tightening the ratchet on Putin’s war machine and targeting the circle of people closest to […]...
LONDON – Ukrainian President Volodymyr Zelenskyy has told the BBC that European countries that continue to buy Russian oil are “earning their money in other people’s blood.” He cited Germany and Hungary, accusing them of blocking tougher energy embargoes. This year, Russia is expected to make £250 billion ($326 billion)...
TUNIS, Tunisia (AA) – Tunisia government raised fuel prices on Thursday, for the third time this year, saying it was triggered by high crude oil prices. In a statement, the Ministry of Industry, Mines and Energy said the prices of gasoline and gas (diesel) rose by 5-10%. The ministry said the fuel price hike was […]
RIYADH, Saudi Arabia (AA) – Saudi Arabia and Kuwait said Wednesday they have the right to develop the Durra offshore gas field which is also claimed by Iran. In a statement issued by the Saudi Foreign Ministry, Riyadh said it has reached an agreement with Kuwait “to expedite the development and exploitation of the Durra […]
BAGHDAD (AA) – Angry demonstrators shut an oil refinery in Dhi Qar province in southern Iraq on Wednesday, protesting against lack of jobs for local residents, according to witnesses. Dozens of university graduates gathered in front of the Al-Gharraf oilfield to demand employment, witnesses said. “They protested a month after they applied for ...
