Tag: global oil prices

South Korea to Import Over 6 Million Barrels of Crude Oil from UAE Amid Middle East Tensions

South Korea to Import Over 6 Million Barrels of Crude Oil from UAE Amid Middle East Tensions

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South Korea is set to receive more than 6 million barrels of crude oil from the United Arab Emirates (UAE), a move aimed at stabilizing energy prices amid rising tensions in the Middle East, according to Cheong Wa Dae on Friday. The announcement comes as the ongoing conflict between the US, Israel, and Iran has […]

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Ukrainian Drone Attack Hits Russian Black Sea Port, Damages Ship, Homes, and Oil Depot

Ukrainian Drone Attack Hits Russian Black Sea Port, Damages Ship, Homes, and Oil Depot

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Early Friday, the Russian Black Sea port of Novorossiysk, a crucial hub for the country’s oil exports, experienced a significant disruption when a Ukrainian drone attack damaged a docked ship, apartment buildings, and an oil depot. Three crew members aboard the vessel were injured, according to Russian officials. The incident sent global oil prices up […]

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