The CEO of Austrian energy firm OMV on Tuesday urged the European Union to reconsider its sustainability legislation or risk losing Qatar as a gas supplier which would undermine prosperity in the region.Qatar’s Energy Minister Saad al-Kaabi, who is als…
OMV CEO Warns EU Risks Losing Qatari Gas over Sustainability Law Read More »
Egypt’s Suez Canal revenues rose 14.2% year-on-year between July and October, the canal authority said on Tuesday, citing calmer conditions in the Red Sea after a ceasefire in Gaza and a pick up in traffic through the vital waterway.Yemen’s…
Suez Canal Revenues Rise as Red Sea Tensions Ease Read More »
A $400 million pipeline to transport natural gas from Israel to Cyprus is awaiting government approval from both countries and Israel has expressed support, the head of Eastern Mediterranean focused gas producer Energean told Reuters on Tuesday.Energea…
$400m Natural Gas Pipeline Between Israel and Cyprus Awaits Government Approval Read More »
Norwegian Cruise Line Holdings forecast fourth-quarter profit below expectations on Tuesday, on cost uncertainties and subdued consumer appetite for sea-based vacations as travelers curb spending, sending its shares down 11%.Consumers are thinking…
Norwegian Cruise Forecasts Q4 Profit Below Expectations Read More »
Russian oil major Lukoil is struggling to keep operations running at its sprawling foreign businesses as Western sanctions disrupt oil loadings in Iraq, pump stations in Finland and trading in Switzerland, sources said.The United States and…
Lukoil Struggles to Maintain Overseas Operations Amidst Sanctions Read More »