World

On Monday, oil prices rose by as much as 6% after Saudi Arabia, Russia, Iraq, and other members of OPEC+ announced that they would be cutting production by as much as 1.15 million barrels per day from May until...

The Willow oil drilling project in Alaska has been given the green light by the administration of Joe Biden, a move which has been met with vigorous opposition from environmentalists and native community organizations in Alaska. The project is an...

Shell, a global energy and petrochemical group, agreed to pay out sixteen million dollars (£13 million) to four Nigerian farmers and their villages as compensation for damages allegedly caused by oil spills from the company's pipelines. This comes after negotiations...

An oil spill originating from Syria's largest refinery has proliferated across the Mediterranean Sea and is inching towards Cyprus' Karpas peninsula. The treacherous oil slick, which is nearly the size of New York City, has seeped across international waters...

An oil spill from a Syrian power plant, containing anywhere from two to four tons of oil, is now threatening the entire coastline of Cyprus and Israel. Cypriot authorities stated that the slick is expected to reach the north part...

Pioneering businessman Thanasis Fragkis was the very first person to introduce olive oil and other traditional Greek products to Japan.

Despite the current financial turmoil in Greece, there are still several Greek businessmen who manage to resist economic paralysis and asphyxiation, and even excel at an international level. One of them is Miltos Kambourides, co-founder and managing partner of...

Libyan air force bombed a Greek oil tanker off the Lybian coast on Sunday, injuring some of its crew members and damaging a large part of the vessel, said a national army source. A Libyan air force fighter jet attacked...

Iraq has announced it filed a lawsuit against Greek shipping firm Marine Management Services (MMS) for exporting crude oil from the Kurdistan region. The Iraqi Oil Ministry said on Thursday that the Greek company operated five vessels which had transported oil on behalf of...

According to statistical data released by the Japanese Ministry of Finance, Greek olive oil exports to Japan in 2012 reached 385 million yen (2.8 million euros) in value. This is the largest amount of olive oil that has ever...

A Ghanaian military spokesman reported on Sunday that a Greek oil tanker that disappeared in the Gulf of Guinea is likely to have moved from Ghanaian to Togolese waters. "The vessel is not in our waters," Eric Aggrey-Quashie told Agence France Presse....

The Angolan navy denied the hijacking of the Greek oil tanker, Kerala, on January 18, reporting that the owner company had faked the pirate attack. Greece-based Dynacom, owners of the Liberian-flagged tanker MT Kerala said they had contacted its crew who reported...

According to a document that was sent by the Greek Embassy in Hanoi, Vietnam, to the Hellenic Ministries of Foreign Affairs and of Rural Development and Food, with the subject Blocking of Greek olive oil import in Vietnam, Messenian-Greek...

Pirates released a Greek-operated oil tanker seized off Togo on Tuesday after stealing 3,000 metric tons of fuel, an official at the ship's operator said on Thursday. The seizure of the ship, which is operated by Golden Energy Management, underscored...

Pirates hijacked a Greek-owned oil tanker off Togo on Tuesday in the second attack in less than two weeks in the Gulf of Guinea, the International Maritime Bureau said. The Isle of Man-flagged vessel, which had 24 crew on board...