The resulting company would easily be the world’s second-biggest crude producer, after Saudi Arabia’s Aramco, pumping almost three times the output of Exxon Mobil
Domestically, considering the heightened demand for gasoline and diesel fuel due to increased travel activity expected during the forthcoming summer season, it is improbable that Greek market prices will remain unaffected.
“At the moment, they don't have the ability to take a bath. In each house, we have small tanks that store water, and we use it. That's where the major problem is because the plastic retains the smell of the oil.”
The tanker, St. Nikolas, is a Marshall Islands-flagged oil tanker associated with the Greek shipping company Empire Navigation and was headed for a Turkish refinery
Currently, Brent crude stands at $79.82 per barrel, marking a 0.58% increase, while U.S. crude is at $74.53, marking a 0.57% increase
The latest round of sanctions adds an additional 61 persons and 86 entities to the EU's existing list
Moscow circumvents the G-7 oil-price cap by moving crude on a fleet of aging tankers on which sanctions have limited traction