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Iran grants permission for Iraqi oil tankers to pass through Strait of HormuzIran has taken a pivotal step by permitting Iraqi oil tankers to pass through the Strait of Hormuz. This action follows a series of request...
US, Iran trade threats as Washington readies ‘toughest sanctions’The United States is set to announce stringent economic sanctions against Iran. These measures could significantly impact Iran and its key ...
Rust, power cuts and delays: Inside Venezuela’s oil export crisisVenezuela's oil exports face significant delays due to ageing port infrastructure. Tankers wait up to thirty days for loading, slowing oper...
Two vessels with 22 Indians on board hijacked by pirates in Yemen, SomaliaIn a troubling episode, pirates have seized two commercial vessels, leaving 22 Indian nationals on board. The first vessel, an oil tanker w...
US Iran war: Hormuz ship crossings hover in single digits, data showsShip crossings at the Strait of Hormuz decreased on Thursday. This decline occurred amid growing concerns for Middle East shipping routes. ...
ADNOC launches ninth spot crude tender since June, sources sayAbu Dhabi National Oil Company is offering spot crude oil in a tender. This tender is for Upper Zakum, Umm Lulu, and Das crude oil. Bids ar...
Iran says it controls Hormuz, but the ships tell a different storyShipping data indicates most vessels now use the Omani route through the Strait of Hormuz. This route is a UN-authorized channel which Iran...
Oil edges up on uncertainty over exports through HormuzOil prices climbed for a fourth day due to supply uncertainty. Investors weighed conflicting messages from Tehran and Washington on the Str...
India's tanker exports surge over six-fold to USD 1.36 billion in Q1 FY27; UAE leadsIndia's tanker exports surged dramatically in the June quarter, soaring six times compared to previous figures. The UAE emerged as the top ...
Oil climbs as fading US-Iran peace hopes raise supply risksOil prices climbed as Middle East war peace talks stalled significantly. Iran announced a shift to a fully offensive military posture. The ...
Russia receives Indian gasoline cargo as fuel shortages biteAt least one 68,000-tonne cargo of gasoline from India has entered Russia’s domestic market as Moscow responds to fuel shortages caused by ...
Oil Price Today (August 17): Crude oil approaches $90 again amid no breakthrough in Iran war talks. What’s next?Over the weekend, Iranian Foreign Minister Abbas Araqchi said Iran had not decided to resume talks with the U.S. Meanwhile, U.S. President ...
Oil treads water as US-Iran peace talks stall, Hormuz shipping slowsOil prices maintained stability as tanker movements through Hormuz showed a decline. While Brent crude futures edged up, WTI futures posted...
Strait of Hormuz shipping slows sharply after tanker attacksShipping through the Strait of Hormuz slowed significantly over the weekend. This decline followed attacks on tankers and stalled United St...
Oil spill affects 12 km of Oman coast, Masirah unaffected, state news agency saysIn a concerning development, oil pollution has stretched across nearly twelve kilometers of Oman's coastline. Fortunately, Masirah Island r...
Oil inches toward $90 on tanker attacks, lack of progress in Iran war peace dealCrude oil futures experienced an upward trend on Friday due to disruptions from tanker attacks and the stagnation of peace talks. Brent cru...
Oman says oil spill from grounded tanker has reached its coastlineCrude oil from a grounded tanker has reached Omani mainland beaches. The sanctioned vessel, Caroline Bezengi, is leaking nearly one million...