Low oil prices shrink Gulf jobs for Indians

Saudi Arabia, but it faces an equally worrying and more intractable problem of declining remittances from the Persian Gulf region due to low crude oil prices that have rendered a large number of expatriates jobless.Remittances to India from the Gulf countries fell 2.2% in 2015-16 from that a year ago to $35.9 billion, declining for […]

Russia and Ukraine Tensions Return As Oil Tanker Conflicts Spread from Middle East to Europe

The Ukrainian Security Service (SBU) said in a statement Thursday that it had detained the Russian tanker Nika Spirit, previously known as Neyma, at the southwestern port of Izmail. The statement referenced a confrontation last November that saw Russia’s own Federal Security Service (FSB) Border Service fire upon three Ukrainian navy ships, accusing them of […]

Mauritius declares emergency as oil tanker leaks 1,000 tonnes of fuel into Indian Ocean devastating wildlife and beaches

Thousands of species around the pristine lagoons of Blue Bay, Pointe dEsny and Mahebourg are at risk of drowning in a sea of pollution, said Greenpeace’s climate and energy manager, Happy Khambule.

Mauritius oil spill – Race against time as ship could break in HALF spilling another 4,000 tonnes into Indian Ocean

Thousands of species around the pristine lagoons of Blue Bay, Pointe dEsny and Mahebourg are at risk of drowning in a sea of pollution, said Greenpeace’s climate and energy manager, Happy Khambule.

Tankers ship Iranian fuel cargoes to U.S. for seizure

The four tankers that initially carried the cargoes were the Liberia-flagged Bella, Bering, Pandi and Luna. They are owned and managed by companies controlled by Greece-based firms Vienna LTD and Palermo SA. The fifth vessel, the Wila, which was boarded by Iranian forces near the Strait of Hormuz on Wednesday, is owned by Bandit Shipping […]

Saudi Aramco to press ahead with plan to boost output capacity, CEO says

Aramco’s capital spending plan for 2021 will be “significantly lower than previous guidance,” CEO Amin Nasser also said on a call with analysts and investors after the company’s second quarter results, which were published on Sunday.

Last Iranian Tanker With Gasoline Docks in Venezuela Despite US Opposition

Three other tankers, Fortune, Forest, and Petunia arrived earlier, with Forest having already unloaded its shipment of fuel, which was urgently needed in Venezuela, and left for an unknown destination. The shipping of the fuel to the country thus successfully concluded despite reported attempts of the US to thwart the transaction between Caracas and Tehran, […]

ED probes scam linked to embezzlement fraud in Brazil

Aggarwal argued the company’s business has been affected by ED’s action and it is not able to perform day-to-day business. He argued the action has been taken when it is not even known whether a scheduled offence has been registered or not and that ED has not supplied to the company “reasons to believe” to […]

More Than 1,200 Drivers Lose Their Jobs After Amazon Cuts Ties With Delivery Firms

Amazon’s decision to cut ties with at least 7 small delivery firms comes after the company said in an August 7 blog post that their delivery partnership program has grown rapidly since it was launched in 2018. About 1,205 workers were laid off as a result of Amazon ending the contracts, CNBC reported.

Seoul Seeks to ‘Persuade’ US to Extend Iran Sanction Waivers After May Deadline

The White Housed added that the United States, Saudi Arabia, and the United Arab Emirates have pledged to ensure that the global market will have sufficient oil supplies following Washington’s decision to terminate sanctions waivers for countries importing Iranian oil.