Trump Eyes Broader Oil Sanctions on Iran
The incoming Trump administration is reportedly planning to expand sanctions on Iran’s oil sector, targeting not just crude exports but a wider range of petroleum products. This strategy aims to intensify economic pressure on Tehran by cutting off additional revenue streams. According to sources familiar with the matter, the new measures could include restrictions on […]
Global Energy Markets Struggle Amid Gas Price Surges, Supply Disruptions, and OPEC+ Uncertainty
European natural gas prices have jumped nearly 45% this year, driven by cold weather forecasts and U.S. sanctions on Gazprombank, a key Russian financial entity. Northwest Europe is experiencing its first notably cold winter since 2021, with temperatures below the 30-year average, causing gas inventories to drop to 87.7% of capacity. LNG (liquefied natural gas) […]
India Becomes Europe’s Largest Fuel Supplier
India has emerged as the European Union’s largest fuel supplier, with exports rising by 58% in the first three quarters of 2024. This surge stems from India’s access to discounted Russian crude, which it refines and exports to Europe, leveraging the absence of sanctions on refined products. In October alone, India imported €2 billion in […]
