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OIL SHIPMENTS
Hormuz oil shuttling trade is picking up again after lullProducers are using their own vessels or fixed contracts to ensure oil delivery. This activity is crucial for global oil markets, which rel...- US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflictThe United States and Iran exchanged missile strikes, escalating regional conflict. Jordan and Kuwait reported intercepting Iranian missile...
- India seeks sunflower oil alternatives on Black Sea disruptionsIndia is rushing to secure alternative edible oil supplies as Black Sea attacks disrupt sunflower oil shipments from Russia and Ukraine, ca...
- Brent crude jumps 7%, climbs over $90 on escalating Middle East strikesOil prices surged significantly amid renewed Middle East airstrikes and supply concerns. U.S. crude inventories dropped to a multi-year low...
- US trade deficit narrows, exports hit five-month low ahead of key GDP printThe US goods trade deficit narrowed in June as imports declined more sharply. Imports fell across most major categories, reflecting scaled-...
- Monsoon revival boosts summer crop planting in IndiaA revival in monsoon rains has accelerated the sowing of key summer crops across India, helping farmers recover from an early-season slowdo...
- Iran will never reach understanding with US, deputy parliament speaker saysIran's Deputy Parliament Speaker Hamidreza Haji Babaei stated no understanding with America is possible. He emphasized the Strait of Hormuz...
- Oil Price Today (July 27): Crude oil dips 5%, below $95 as US pauses strikes on Iran. What are experts saying?Brent crude futures dropped $4.89, or 5.05%, to $91.89, after briefly falling below the key $90 support level earlier in the session. US We...
- Oil slips 5% after US, Iran pause fighting over weekendOil prices experienced a significant five percent decline on Monday. This drop occurred after the United States and Iran paused strikes ove...
- Crop prices hit three-year high as heat, war stoke supply fearsScorching temperatures across Europe also raise concerns over potential crop losses. This situation could lift costs for staples like bread...
- US strikes Iran and Bahrain warns of incoming fire as clashes over shipping routes escalateBahrain activated sirens amid escalating U.S. and Iran strikes over the Strait of Hormuz. Yemen's Houthi rebels targeted Saudi oil tankers,...
- Oil Price Today (July 24): Crude oil dips below $100 but up 13% this week as supply tensions mount. $120 per barrel possible?Brent futures fell 81 cents, or 1%, to $99.68 a barrel at 0126 GMT, but were still set for a 13.5% rise this week. West Texas Intermediate ...
- Rupee likely shielded by RBI intervention as oil surgesThe Indian rupee remained largely unchanged on Thursday. Higher oil prices and central bank actions influenced its movement. Global tension...
- Oil Price Today (July 23): Crude oil crosses $95 as US strikes enter 12th day. Why Goldman says $120 is possible?Brent crude futures rose $1.93, or 2%, to $96 a barrel, their highest level since June 8. The benchmark had ended the previous session more...
- Wheat rises, near two-year high on Black Sea supply woesThe most-active wheat contract on the Chicago Board of Trade (CBOT) rose 0.2% to $6.83-3/4 a bushel by 0327 GMT, trading close to Friday's ...
- Rupee falls 11 paise to 96.36 against US dollar in early tradeThe rupee fell eleven paise to 96.36 against the US dollar on Wednesday. Crude oil prices climbed due to geopolitical tensions and shipping...
- Hormuz vessel crossings fall further as security concerns lingerThe ongoing security issues have caused a notable drop in vessel traffic in the Strait of Hormuz, with just three commodity vessels transit...
- Indian refiners come to the rescue of Russia’s oil exportersIndia has emerged as a key buyer of Russian crude, with imports from Moscow reaching record levels as refiners take advantage of cheaper oi...
- Saudi oil tankers bound for India, China reroute after Houthi warningTwo oil tankers carrying Saudi crude for India and China changed course. Houthi militia warned shipping companies against loading or unload...
- 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...
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