Is It Legal For Basketball Players To Use CBD Oil?

CBD is a natural compound that is becoming mainstream. People from every walk of life trust its natural goodness to improve their health and wellness. From professionals to athletes, this cannabis-extracted compound has something for everyone. While the demand for CBD products is growing and finding the best CBD oil is somewhat challenging. You can … Read more

OPEC+ brings forward oil output rises as Biden’s Saudi visit looms

The Organization of the Petroleum Exporting Countries and its allies agree to boost output by 648,000 barrels per day in July and a similar planned amount in August, more than initially Saudi Arabia and other OPEC+ states agreed on Thursday, June 2, to bring forward oil production rises to offset Russian output losses to ease … Read more

Shortage of oil refineries haunts Africa as fuel prices rocket

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and causing queues at filling stations. The surge in prices comes in tandem with a spike in the cost of food after Russia sent troops into … Read more

EU agrees Russia oil embargo, gives Hungary exemptions; Zelenskiy vows more sanctions

This is the toughest sanction yet on Russia for its invasion of Ukraine, and one that will itself affect the European Union, where energy prices have spiked BRUSSELS, Belgium – European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by end-2022, but Hungary and two other landlocked … Read more

How the Ukraine conflict is reshaping global oil markets

Sanctions have prompted Russia to pivot away from Europe. Meanwhile, to compensate for the loss of Russian oil, European refiners have been turning into imports of West African crude. LONDON, United Kingdom – Russia’s invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung … Read more

Aramco CEO warns of global oil crunch due to lack of investment

‘When you don’t have plan B ready, don’t demonize plan A,’ says Saudi Aramco CEO Amin Nasser DAVOS, Switzerland – The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures, the head of Saudi Aramco told Reuters, adding it cannot … Read more

EU oil embargo ‘in days’ as Ukraine isolation drives Russia closer to China

The European Union will likely agree an embargo on Russian oil imports “within days,” according to its biggest member Germany, as Moscow said it saw its economic ties growing with China after being isolated by the West over its invasion of Ukraine. Ukrainian President Volodymyr Zelenskiy told global business leaders in Davos on Monday, May … Read more

EU’s toughest Russia sanctions yet snag on worries over oil ban

European Commission President Ursula von der Leyen announces new sanctions being considered to punish Moscow, including an embargo on Russian crude oil STRASbourG, France – The European Union’s executive on Wednesday, May 4, proposed the toughest package of sanctions yet against Moscow for its war in Ukraine, but several countries worried about the impact of … Read more

EU prepares next Russia sanctions including German-backed oil ban

The European Union was preparing sanctions on Russian oil sales after a major shift on Monday, May 2, by Germany, Russia’s biggest energy customer, that could deprive Moscow of a large revenue stream within days. The European Commission is expected to propose a sixth package of EU sanctions this week against Russia over its invasion … Read more

Indonesia’s palm oil export ban seen short-lived on limited storage

Indonesia is now holding around 5 million tons of palm oil stocks, and the country’s storage capacity of around 6 million to 7 million tons is estimated to be full by the end of May Indonesia’s ban on palm oil exports is unlikely to last more than a month as Jakarta has limited infrastructure to … Read more