Environmentalists condemn news of higher forecast production which is also seen as a conservative forecast. Azerbaijan, which is hosting this year’s UN climate talks, plans to increase its fossil fuel production by a third over the next decade, according to an analysis shared exclusively with the Guardian. The forecast indicates the Cop29 host will grow...
Monday, September 25, 2017
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US hits 3 UAE shipowners with sanctions for violating Russian oil price cap
The US Treasury department has imposed sanctions on three shipowners based in the United Arab Emirates, accusing them of exporting Russian crude oil priced above the $60 per barrel limit set by the G7 and Australia.The move by Washington comes as it tries to increase enforcement of the Russian oil price cap following evidence that...