Tag: Oil

Saudi Arabia's Crown Prince Mohammed bin Salman announced plans on Tuesday to launch a second national airline as part of a broader strategy to turn the kingdom into a global logistics hub as it seeks to diversify from oil.

Distressed vessel MV X-Press Pearl has begun sinking due to a water leak, State Minister Kanchana Wijesekera said.

Around 400 tonnes of oil spilt into the Yellow Sea after a tanker collided with another ship off China's largest crude-receiving port earlier this week, maritime authorities said Thursday.

Sri Lanka on Friday lodged a claim for $17.38 million with the Greek owners of an oil tanker that caught fire and left a spill stretching 40 kilometres (25 miles) off the South Asian island.

The United States overtook Saudi Arabia as India’s second biggest oil supplier after Iraq last month, as refiners boosted cheaper U.S. crude purchases to record levels to offset OPEC+ supply cuts, data from trade sources showed.

Under pressure from investors and governments alike to cut emissions, major European oil companies are ploughing billions into renewable energy but are struggling to craft business plans that promise the returns shareholders have come to expect.

August 30, Johannesburg (AP) — Honking and drumming, hundreds of people have begun protesting in the capital of Mauritius over the government’s handling of an oil spill from a grounded Japanese ship and the alarming discovery of dozens of dead dolphins in recent days. The protesters on Saturday waved the country’s flag and held up signs with messages such as ...

August 8 (BBC News) - The island nation of Mauritius has declared a state of emergency after a vessel offshore began leaking oil into the ocean. MV Wakashio ran aground on a coral reef off the Indian Ocean island on 25 July and its crew was evacuated. But the large bulk carrier has since begun leaking tons of fuel into ...

Tokyo, March 9 (Reuters) - Oil prices plummeted around 30% on Monday, with U.S. oil heading for its biggest loss on record, after Saudi Arabia slashed prices and set plans for a dramatic increase in crude production in April. Prices fell by as much as a third following Saudi Arabia’s move to start a price war after Russia balked at ...