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BASRAH CRUDE
Reliance Industries books supertanker at record $23-25 million freight to lift Iraqi crudeReliance Industries paid a record sum to charter a supertanker for Iraqi crude oil. This reflects a limited vessel pool and soaring voyage ...- Vessel traffic through Hormuz dwindles this week as markets watch Iran-Oman talksShipping traffic through the Strait of Hormuz has significantly decreased this week. Markets are closely watching Iran and Oman talks for w...
- Two VLCCs exit Strait of Hormuz, where traffic remains thinTwo large oil tankers exited the Strait of Hormuz on Friday, with traffic remaining thin. One vessel loaded Saudi crude and is anchored off...
- Indian Oil Corp cancels Iraq oil lifting amid Hormuz attacks, sources sayIndian Oil Corp cancelled lifting Iraqi oil from Basrah Oil Terminal. Increased risks and attacks in the Strait of Hormuz prompted this dec...
- India's MRPL books Iraq crude cargo after Strait of Hormuz reopeningMangalore Refinery has chartered a vessel to load crude oil from Iraq. This marks the first such move by an Indian state-owned refiner sinc...
- Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil market reacts to US-Iran talks, Strait of Hormuz developments and supply outlookOil prices posted gains during Tuesday's trading, but both Brent and US WTI crude futures remained on course for their biggest quarterly de...
- Oil finds its way: Supertankers return to Persian GulfSupertankers are once again navigating the Strait of Hormuz, a crucial oil route, following a period of disruption due to recent Iran confl...
- India-bound oil supertanker booked in Gulf at 897% of benchmark freight rateA supertanker has been provisionally booked to ship oil from the Persian Gulf to India at a staggering rate, nearly nine times the benchmar...
- PetroChina, Indian Oil fail to secure tankers to load Iraqi crudePetroChina and Indian Oil faced difficulties securing tankers for Iraqi crude. PetroChina and Indian Oil Corp could not find vessels. Sinoc...
- Iran war: Vessels carrying Middle East oil, LNG exit Hormuz, head for Pakistan, ChinaIran war news: An LNG tanker, Fuwairit, is exiting the Strait of Hormuz for Pakistan. A supertanker, Eagle Verona, carrying Iraqi crude for...
- Three crude oil tankers exit Strait of Hormuz with trackers switched off, data showsCrude oil tankers are taking precautions to avoid Iranian attacks. Vessels are switching off trackers when exiting the Strait of Hormuz. Th...
- Iraqi crude tanker passes through Strait of Hormuz after Iran transit exemptionRecent maritime activity has unveiled the presence of the oil tanker Ocean Thunder, navigated through the Strait of Hormuz while transporti...
- Indian refiners shift oil strategy; trim Russian buys and turn to Middle EastIndian refiners are shifting away from Russian oil. They are increasing imports from the Middle East. This move could help India secure a t...
- BPCL buys Iraqi, Oman crude via one-year import tenders, sources sayIndia’s state-run Bharat Petroleum Corp has finalized two import tenders for Iraq’s Basrah oil and Oman crude covering April 2026–March 202...
- Many Indian refiners pause new Russian oil orders, await clarityIndian refiners have temporarily stopped purchasing Russian crude following the latest sanctions and are awaiting further clarity, accordin...
- Oil prices climb on weak dollar, supply concernsThe oil and gas rig count, an early indicator of future output, rose four to 763 in the week to Sept. 16, its highest since August, energy ...
- Crude under the hammer: How sellers are hoping to boost value of their oilIraq’s state oil marketing company, known as SOMO, conducted its first-ever auction in April.
- Global oil glut likely to help India save Rs 1.5 lakh croreIt would be enough to cover the Centre's school education, health, women and child development budgets and pay for the rural jobs scheme.
- Iran orders release of Indian tankerIran today ordered release of an Indian tanker seized by it in Persian Gulf while carrying crude from Basrah in Iraq and taken to its Banda...
- Detention is in transgression of UN Convention: India to IranIndia has strongly objected to "colourable exercise of power" by Iran in detaining its oil tanker.
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