Colombo To Pay Iran US$251m Oil Import Fees Via Barter Tea
Iran and Sri Lanka signed a memorandum of understanding (MOU). According to it Sri Lanka will settle the US$251 million in oil import expenses owed to Iran by bartering. The
Iran and Sri Lanka signed a memorandum of understanding (MOU). According to it Sri Lanka will settle the US$251 million in oil import expenses owed to Iran by bartering. The
The Danish energy company Orsted stated that the Hornsea 2 offshore wind farm had produced the first batch of electricity. The announcement represents an essential milestone in the development of
The OPEC + oil production cut compliance rate rose from 116% to 117% in November. This indicates that the production level is still far below the agreed target. The compliance
The surge in Omicron coronavirus variants in Europe and the United States has sparked investors’ concerns. The new restrictions on actions taken to curb its spread may hit fuel demand.
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