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Crude oil breaks $120 mark

The 14-year high for the NYMEX crude is USD 126 per barrel which was hit in the month of March

Greek shipowners: EU shooting itself in the foot with sanctions against Russia

They said that India and China are profiting from the sanctions

Luxury yacht in flames at Mikrolimano port in Piraeus (Video)

The vessel reportedly burnt oil

Brussels: The 27 agreed on an embargo on Russian oil

The package of sanctions includes other tough measures, such as the removal from the swift of the largest Russian bank Sberbank

Polish PM Calls on Norway to Share Oil and Gas Profits Windfall

Poland will later this year complete a gas pipeline from Norway that’s set to help it replace the supply of the fuel from Russia

Greece remains the world’s leading shipping country with 21% of the global fleet

Greek shipowners control 31.78% of the global oil tanker fleet

The badly needed EastMed pipeline awaits approval – Analysis

The EU 2015-18 pre-feasibility studies found that the project is "technically feasible, economically viable & commercially competitive"

EU considers shelving ban on Russian oil as Hungary blocks sanctions, Politico reports

Diplomats accept cutting the oil ban from the EU’s new sanctions package would be a blow

Where Renewables Are Poised to Reduce Russian Gas Dependency (infographic)

In Austria, Hungary, and Greece renewables expansion remains limited to reduce the countries’ dependency on Russia.

Saudi Arabia warns that the world is running out of energy capacity: “I have never seen these things”

A UAE official warned that more investment is needed in the energy sector for OPEC+ to deliver sufficient supplies

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