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IRAQI CRUDE
India oil refiners change tactics and hire ships to cross HormuzIndian oil refiners are now hiring tankers to pick up crude oil within the Persian Gulf. This approach helps cut costs and secure supply ch...- Oil Price Today (September 24): Crude oil falls to $102 as Iran signals its openness to diplomacy. What are experts saying?Brent crude futures fell 94 cents, or 0.9%, to $102.13 a barrel, while West Texas Intermediate futures declined 59 cents, or 0.7%, to $91.5...
- Oil Price Today (September 23): Crude oil below $100 on hopes of US-Iran talks. What did Trump say?Brent crude futures fell 7 cents, or 0.07%, to $99.18 a barrel, while West Texas Intermediate futures declined 35 cents, or 0.39%, to $90.1...
- Oil falls on increased Gulf supply and hopes for US-Iran talksOil prices experienced a decline as Saudi Arabia resumed its key pipeline operations to the Red Sea. This development, coupled with rising ...
- India’s Russian oil imports fall 16.5% in August as Middle East supplies riseIndia’s Russian oil imports fell 16.5% month-on-month to about 2.1 million bpd in August, while purchases from Iraq rose sharply and Saudi ...
- Aramco closes supply tap for Indian refiners, new oil barrels to cost moreSaudi Arabia has sold some spot cargoes to traders expected to deliver small volumes to Indian refiners through Hormuz. The risk-taking tra...
- Crude pool drying up as Middle East conflict drags on, refiners waryIndian refiners are using inventories to manage immediate oil supply disruptions. They worry about prolonged closures and widening conflict...
- Gulf oil threatened anew as Houthis reach key island and pipeline is shut downThe Houthis have seized control of Perim island, significantly affecting a crucial shipping corridor. Additionally, a drone strike originat...
- Iran-backed fighters in Yemen and Iraq are joining forces to threaten Gulf, officials sayIran-backed groups in Iraq and Yemen are coordinating attacks on Saudi Arabia, with an aim to increase the costs of the ongoing war in Gaza...
- India adds new crude suppliers, but Russia-led 5 countries retain grip on oil importsIndia expanded its crude sourcing to 31 countries during the six-month Iran war, but supply concentration increased sharply as Russia’s sha...
- Oil ends week higher on renewed US-Iran strikes, diesel hits recordOil prices have surged dramatically this week amidst escalating military tensions between the U.S. and Iran. Record-high retail diesel pric...
- Oil Price Today (September 4): Crude oil at $96, set for a 7% weekly surge as Iran, US exchange attacks. What’s next?The latest US attacks, which killed and wounded dozens of people, including Iranian civilians, have resulted in the most intense clashes be...
- Oil set for steepest weekly gain since mid-July over intensifying US-Iran tensionsOil prices are on the rise, driven by escalating supply risks in the Middle East. The renewed hostilities between the U.S. and Iran have he...
- Iraq oil exports surge, India set to benefit as Hormuz flows easeIraq's oil exports increased significantly in August and September. This rise followed wide profit margins and Iranian tanker passage appro...
- Iraq opens oil exports beyond Hormuz after months of war, eyes ship-to-ship route off OmanIraq now allows crude oil collection outside the Persian Gulf for buyers. This move comes as exports continue through the Strait of Hormuz ...
- BPCL to get first Iraqi crude cargo as Hormuz disruption persistsBharat Petroleum Corporation will soon receive its first Iraqi crude oil shipment. This move aims to secure supplies while facing disruptio...
- BPCL explores buying Gulf oil on FOB basis, lifts Iraqi oilBharat Petroleum Corp expects its first Iraqi oil cargo soon and seeks more Gulf oil. The company is willing to lift oil from inside the St...
- Asian buyers snap up US crude, adding stress to tight marketAsian refiners are set to nearly double purchases of US crude for September as Middle Eastern oil prices surge amid the Iran war and Strait...
- Fewer than 20 ships cross Strait of Hormuz over weekend as US-Iran blockades choke key oil routeFewer than twenty commodity vessels transited the Strait of Hormuz over the weekend. Initial data showed four vessels crossed on Sunday and...
- Iran allowed Iraqi tankers to pass through Hormuz Strait: state mediaTehran has allowed Iraqi oil tankers passage through the Strait of Hormuz. This decision follows repeated requests from Baghdad over the pa...
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