World Dec 5, 2019

Pirates board supertanker off Nigeria and kidnap 19 crew members

Pirates boarded a fully loaded supertanker off the coast of Nigeria, an act that is sure to ring alarm bells for insurers about the risk of collecting oil from Africa's biggest producer. Nineteen crew were kidnapped and remain missing, a spokeswoman for Navios, the ship's ...

Japan oil distributor JXTG to be renamed Eneos

Business / Corporate Nov 28, 2019

Japan oil distributor JXTG to be renamed Eneos

Major Japanese oil distributor JXTG Holdings Inc. said Thursday it will change its name to Eneos Holdings Inc. in June 2020. Its core unit, refinery and gas station operator JXTG Nippon Oil & Energy Corp., will be renamed Eneos Corp. also next June. The rebranding is ...

World Nov 24, 2019

Spilled oil washes up in Brazil's Rio state

Oil from a spill that has contaminated a stretch of Brazil's coast was detected in Rio de Janeiro state, the navy said Saturday, as President Jair Bolsonaro warned the country was preparing for the worst. Some 300 grams — a small quantity of oil — ...

Hundreds detained as Iran clamps down on fuel protests

World Nov 18, 2019

Hundreds detained as Iran clamps down on fuel protests

Iranian security forces detained hundreds protesting a sudden surge in fuel prices, signaling there would be little tolerance for unrest sweeping the sanctions-battered country. Thousands took to the streets in several cities after authorities unexpectedly raised gasoline prices by as much as three times on ...