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The oil production in Saudi Arabia will be fully restored by the end of November, Amin H. Nasser, President and CEO of Saudi Arabian Oil Company Saudi Aramco, said. The facilities of the giant Aramco were attacked by drones earlier in September and caused a temporary shutdown and halved oil production, equivalent to 6 percent of world production.
Saudi Minister of Energy: "Full production capacity will be restored to 11 million barrels per day by the end of September and up to 12 million barrels per day by the end of November."
Global markets reacted sharply after US President Donald Trump stepped back from imminent military action against Iran, instead tying a suspension of strikes to Tehran’s agreement to a temporary ceasefire and the reopening of the Strait of Hormuz
A severe inflationary surge is still ahead, and current developments are only the beginning, according to financial expert and investor Max Baklayan
The United States has allowed a Russian oil tanker to proceed to Cuba, despite the broader pressure campaign against the island’s energy supplies, according to reports citing American officials familiar with the situation
The European Commission has postponed the planned proposal to permanently ban Russian oil imports, amid rising energy prices driven by the ongoing conflict in the Middle East
Larry Fink, chairman and CEO of BlackRock, the world’s largest asset manager with USD 14 trillion in assets, warned that if oil prices reach USD 150 a barrel, the global economy could face a severe recession
The Romanian government is set to introduce an emergency ordinance declaring a crisis on the oil and petroleum products market, alongside a package of measures aimed at shielding both the economy and consumers.
A group of Members of the European Parliament has raised concerns over the potential leakage of confidential EU information to Russia, urging stronger safeguards within the European Parliament
Moldovan President Maia Sandu has formally enacted legislation withdrawing the country from the Commonwealth of Independent States (CIS), marking a decisive step in Chisinau’s gradual disengagement from Russian-led structures
The European Public Prosecutor’s Office (EPPO) has carried out a series of coordinated investigative actions across several countries, including Bulgaria and Romania, as part of a probe into suspected large-scale fraud involving EU funds
A fragile ceasefire between the United States and Iran has coincided with escalating tensions over the Strait of Hormuz, where Iran has moved to tighten control over one of the world’s most critical maritime routes
US President Donald Trump has sharply criticized NATO allies over what he described as their unwillingness to support Washington during the war with Iran, following a two-hour meeting with Secretary-General Mark Rutte at the White House
Lebanon has declared a national day of mourning after one of the deadliest days in recent months, with at least 254 people killed and more than 1,165 injured in Israeli strikes carried out shortly after the announcement of a US-Iran ceasefire
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
