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Oil prices rise for 4th day as US strikes on Iran raise fears of wider conflictOil prices climbed for a fourth day on Thursday. New U.S. strikes on Iran fuelled fears of conflict and supply disruptions. Brent crude fut...
Iran-linked vessels pass through Hormuz ahead of US blockadeVessels transited the Strait of Hormuz linked to Iranian trade before a US blockade took effect. Nine of eleven vessels passed through the ...
Oil rises after US-Iran hostilities flare again with strikes on energy targetsOil prices increased as President Donald Trump reimposed naval blockades on Iranian ports. Iran retaliated with strikes on United States in...
Passage through Strait of Hormuz 'unfeasible' after US actions, says Persian Gulf Strait Authority; halts transit permitsPassage through the Strait of Hormuz is now unfeasible, according to the Persian Gulf Strait Authority. Recent U.S. military actions have p...
Hormuz traffic slows to multi-week low as renewed US, Iran strikes raise safety riskVessel traffic through the Strait of Hormuz has reached a five-week low. This decline is attributed to renewed strikes and attacks on ships...
Brent below $80 to sustain OMC earnings recoveryOil marketing companies' margins are expected to remain stable as crude prices stay below $80. Recent crude price drops have significantly ...
LNG tankers return to Strait of Hormuz despite renewed Middle East tensionsLiquefied natural gas tankers have resumed transiting the Strait of Hormuz recently. Twenty-two Japan-linked vessels exited the Gulf since ...
India's crude imports remain resilient despite Strait of Hormuz tensionsIndia's crude oil imports are insulated from Hormuz Strait tensions currently. Refiners have successfully diversified their import portfoli...
India’s wartime buying spree leaves behind a cooking gas surplusIndia's fuel retailers now have excess cooking gas supplies. They had booked extra cargoes anticipating supply disruptions in the Persian G...
India, Australia unlock uranium trade, step up energy and supply chain cooperationIndia and Australia finalized uranium export administrative arrangements for peaceful purposes. Both nations committed to deepening bilater...
What are the risks of an LNG tanker explosion?A Qatari LNG tanker sustained damage in an attack near the Strait of Hormuz. The vessel, Al Rekayyat, is reportedly at risk of exploding fo...
India seeks safe Hormuz passage for nine ships as truce faltersIn a strategic move, India is engaging Iran in talks to guarantee the safety of nine tankers loaded with crude oil and liquefied petroleum ...
US oil prices jump after US military launches strikes against IranU.S. oil prices increased significantly after military strikes against Iran. These actions followed Iranian attacks on three commercial ves...
LNG tanker at risk of exploding after two vessels struck near Strait of HormuzThe Al Rekayyat, loaded with liquefied natural gas, sent out distress signals seeking assistance after it was hit on its port side, one of ...
Govt plans LNG buffer mandate for terminalsIndia is weighing a plan to fund emergency liquefied natural gas stockpiles. This initiative aims to bolster supply security after recent g...
India lifts emergency natural gas supply controls imposed after LNG disruptionsEmergency natural gas supply controls, implemented earlier this year due to Middle East conflict-induced LNG shipment disruptions, have bee...
Strait of Hormuz: Strategic chokepoint in shadow of geopoliticsThe Strait of Hormuz, a key chokepoint for the global trade of crude oil and liquefied natural gas, is at the centre of disputes in negotia...