PetroChina forecasts Chinese oil consumption will drop 4.9% this yearChina's oil use is set to decline in 2026. This shift comes as the nation embraces new energy sources and faces elevated oil prices. PetroC...
18 Jun, 2026, 04.29 PM IST
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...
18 Jun, 2026, 02.57 PM IST
Brent rises nearly 2% as US military strikes Iranian boats, missile launch sitesOil prices surged as U.S. forces conducted strikes in southern Iran. This action has heightened market concerns amid ongoing negotiations t...
26 May, 2026, 07.24 AM IST
Why are oil prices crashing down today, and will Brent and US WTI crude futures continue to decline or move upwards again? Oil market reacts to US-Iran peace deal hopesWhy are oil prices crashing down today, and will Brent and US WTI crude futures continue to decline or move upwards again? Oil prices dropp...
26 May, 2026, 05.33 AM IST
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,...
25 May, 2026, 01.50 PM IST
UAE and Saudi Arabia report drone incidents as Iran war deadlock drags onA drone strike caused a fire at the Barakah nuclear power plant in the UAE, while Saudi Arabia said it intercepted three drones that entere...
18 May, 2026, 06.13 AM IST
Iran war: Trump administration allows Russia oil sales waiver to expire despite tight marketThe Trump administration let a waiver for Russian oil sales expire. This happened even as the Iran war caused worries about global oil supp...
16 May, 2026, 10.43 PM IST
Suezmax tanker with Iraqi crude reaches India after Hormuz transitAn Iraqi crude oil tanker is heading towards India after navigating the Strait of Hormuz. Commercial ship movements through the vital water...
16 May, 2026, 09.19 PM IST
A tiny oil lifeline reopens through tense Hormuz after months of chokeholdMore oil tankers are navigating the Strait of Hormuz. This offers some relief to the global oil market. Several ships carrying crude oil ha...
14 May, 2026, 09.15 PM IST
Two India-bound LPG tankers transit through Strait of Hormuz amid US-Iran warTwo ships carrying cooking fuel have successfully passed through the Strait of Hormuz. These vessels are heading towards India. This marks ...
14 May, 2026, 03.00 PM IST
India denies cash, crypto payments to Iran for Hormuz passageIndia has denied making any payments, in cash or cryptocurrency, to Iran for safe passage of its vessels through the Strait of Hormuz. This...
22 Apr, 2026, 08.24 PM IST
Iran says it is checking if Indian vessels were targeted in Strait of Hormuz firing incidentReports have emerged suggesting that Iranian forces may have opened fire on Indian ships passing through the vital Strait of Hormuz. This u...
20 Apr, 2026, 01.55 PM IST
Oil tankers transiting Strait of Hormuz since start of Iran warOil tankers from various nations are successfully passing through the Strait of Hormuz. These vessels are carrying vital oil and gas suppli...
20 Apr, 2026, 11.32 AM IST
India summons Iran envoy over incident of firing at ships in Strait of HormuzIndia summoned the Iranian envoy after an incident in the Strait of Hormuz. Two Indian vessels had to turn back following reports of gunfir...
18 Apr, 2026, 11.06 PM IST
Greek, Indian tankers U-turn before Hormuz amid reopening doubtSeveral oil tankers have turned back in the Persian Gulf. This follows Iran's mixed signals on keeping the Strait of Hormuz open. Shipowner...
18 Apr, 2026, 12.00 PM IST
Oil tankers transiting Strait of Hormuz since start of Iran warOil tankers are successfully transiting the Strait of Hormuz. Vessels from various nations are carrying crude oil and refined products to d...
15 Apr, 2026, 09.45 AM IST
- Diversify trade basket to increase commerce: Iraq to India
War-torn Iraq today invited Indian investments and sought diversification of the trade basket to enhance economic cooperation between the c...
27 Feb, 2012, 11.08 PM IST