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IRAQ OIL EXPORTS
Why crude oil markets suddenly reversed course today: US oil prices collapse below $87 after Trump cancels Iran strike plans, WTI crude drops 3%US oil prices collapsed below $87 as WTI crude dropped nearly 3% after President Trump canceled planned Iran strikes. The move reversed a w...- OPEC oil output lowest since at least 2000 as US blockade squeezes Iran: ReportOPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...
- OPEC+ set for fourth oil quota hike since Hormuz closure, sources sayOPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its...
- More oil escapes Hormuz, keeping traders guessingIran war: Tankers are using stealth to exit the Strait of Hormuz, freeing oil trapped in the Gulf. The practice of ships going dark is wide...
- Crude, LPG supply to India smoothens in May after two glitchy months; LNG supply beats pre-war levelsIn May, India's oil and gas imports showed clear signs of recovery after recent setbacks, with crude oil inflows rising, though they have n...
- Iran war: Hostilities flare again, talks at a stalemateWith the Gulf region witnessing a surge in missile and drone strikes aimed at Kuwait, diplomatic efforts between Iran and the U.S. hit road...
- 'I don't care if negotiations with Iran are over': Trump dismisses Hormuz oil concernsUS President Donald Trump stated he is unconcerned if talks with Iran end. He also shrugged off worries about oil prices even if Tehran blo...
- Iran suspends indirect US contacts, threatens wider pressure on key shipping routesIran has halted communication with the US through mediators. This action follows attacks on Lebanon. Iran and its allies plan to block the ...
- West Asia War: US-Iran draft 60 day-truce extension, all eyes on Trump nod, says US official; Tehran denies claimsA fragile ceasefire between the United States and Iran is reportedly extended for 60 days. Formal talks on Tehran's nuclear program are set...
- India turns to Latin American, African oil after Hormuz disruptionIndian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola,...
- What if the Strait of Hormuz didn’t reopen?The Strait of Hormuz, a vital oil route, faces potential prolonged closure. This situation mirrors past disruptions, raising concerns about...
- Oil prices settle higher on slow progress in US-Iran peace talksOil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated...
- AIIB announces USD 10 bn fund facility to support countries hit by West Asia conflictSupplementing AIIB's regular financing instruments, the facility offers a time-bound financing envelope of up to USD 10 billion over two ye...
- Oil prices gain as investors doubt breakthrough in US-Iran peace talksOil prices saw a rise on Friday amid doubts about U.S.-Iran peace talks. Investors are concerned about Middle East instability and potentia...
- Venezuela third largest supplier of crude to India in MayIndia's crude oil imports see a significant shift this May. Venezuela has become the third-largest supplier, surpassing Saudi Arabia and th...
- OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources saySeven key OPEC+ oil nations are poised to increase July output by approximately 188,000 barrels per day. This decision comes as the group m...
- Oil crisis: World is set to run out of fuel in July? Here's what International Energy Agency is sayingBrent oil futures were trading around $108 per barrel on Thursday, off their wartime highs of $126 per barrel, but still significantly abov...
- Oil Price Today (May 18): Crude oil above $110 again as Iran war tensions deepen. Where is liquid gold headed?Oil prices climbed on Monday. Hopes for peace with Iran dimmed after an attack on a UAE nuclear plant. President Trump is reviewing militar...
- Crude oil surges 8% in a week to near $110 as Iran war tensions simmer again. Where are prices headed?Oil prices surged this week as U.S. President Trump and Iran's foreign minister exchanged remarks, dampening hopes for a near-term agreemen...
- India’s crude oil stocks drop 15% amid Iran conflict, raising supply concernsIndia's crude oil stocks have dropped 15% since late February due to declining imports amid the Iran conflict. Refiners are drawing from in...
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