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The price cap on Russian oil is becoming increasingly unenforceable, says Mutual Insurance Club
The price cap on Russian oil is becoming increasingly unenforceable, said the International Group of P&I Clubs, or so-called Mutual Insurance Clubs, according to reports on May 3.
DMEA: NNPCL sued over missing oil revenue
Turkey reportedly still loading Azerbaijani oil for Israel despite “total trade ban”
Trade ministry said “all products” are subject to boycott, but tankers on Ceyhan to Haifa crude export route appear unaffected.
MEOG: Iraq expects gas from WQ-1 by year-end
AfrOil: Afentra’s stock price jumps as Angola approves acquisition of Azule Energy’s assets
Nigeria set to approve Seplat's acquisition of ExxonMobil assets within two weeks
The Nigerian government is poised to greenlight ExxonMobil's $1.28bn asset sale to Seplat Energy within the next two weeks, pending resolution on critical issues related to decommissioning and host community rights.
Turkey reportedly freezes all trade with Israel
Under pressure from religious conservatives, Turkish leader Erdogan is said to have blocked all exports and imports. Move draws angry rebuke from Israelis.
Croatian company transforms textile waste into hydrogen
Successful pilot project for processing waste textiles to produce hydrogen may help to address global fashion industry's annual 92mn tonnes of textile waste.
NorthAmOil: Newfoundland and Labrador launch 41-block offshore exploration licensing round
Ukraine's drone attacks on Russian oil refineries cause domestic petrol prices to surge
Ukrainian drone strikes on Russian oil refineries are causing a shortage of petrol on the domestic markets and have sent prices at the pump surging in the last few weeks.
GLNG: Turkey begins talks with ExxonMobil on LNG deal in quest to diversify gas supply
Poland’s Tusk orders thorough probe into Orlen’s $370mn botched oil deal
Orlen's PiS-appointed CEO reportedly disregarded warnings from the company's security team about head of Swiss subsidiary's alleged Hezbollah links.
France's EDF seen as favourite as Czech nuclear tender enters next stage
It is already clear that the estimated price of CZK160bn (€6.4bn), which the Czech government calculated in 2020, will be exceeded.
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