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Shipowners seek clarity on Strait of Hormuz deal as 600 vessels eye exitShipowners and traders are cautiously awaiting details on a potential reopening of the Strait of Hormuz, a vital oil and gas route disrupte...- US waiver frees up 19 million barrels of Russia oil for purchaseAround 30 tankers carrying Russian crude and fuel in Asian waters are now potentially available for buyers after the US granted a temporary...
- Already weathering a trade war, Asia now faces a new energy threatWhile countries hold reserves, a prolonged conflict or blockade could severely impact their already delicate economic balances and energy s...
- Oil prices slip below $60, offering India a fresh tailwindIndia's economy receives a boost as oil prices drop below $60 a barrel. This eases the nation's import bill and significantly increases pro...
- Oil jumps 1.5% as Trump's Venezuela blockade stokes uncertaintyOil prices rose more than 1% on Wednesday after U.S. President Donald Trump ordered "a total and complete" blockade of all sanctioned oil t...
- As US sanctions on Russian oil loom, India prepares to end its crude buying spreeIndia's significant purchases of Russian oil are concluding. Last supertankers are en route before U.S. sanctions take effect. This marks a...
- Western pressure to hit Asian buying of Russian oil from December, sources sayAsian buyers of Russian energy face increasing pressure, potentially impacting India's oil imports from December. While China and India's s...
- China refiners grab Russian oil as Trump menaces flows to IndiaChinese oil refiners are increasing their purchases of discounted Russian Urals crude, capitalizing on India's reduced intake due to increa...
- India's embattled economy braces for another shockIndia faces another economic challenge as new US sanctions on Russian oil producers and tankers will impact imports, potentially ending pri...
- India resumes imports of Venezuelan oil, Reliance seeks direct dealThe resumption in trade between the OPEC producer and what it was its second largest destination for oil exports comes after Washington in ...
- Oil up about 2% on big US crude storage draw, Middle East tensionOil prices rose by about 2% to a two-week high due to a larger-than-expected drawdown in US storage and escalating tensions in the Middle E...
- Asia's refiners face profit crunch as Kuwait cuts crude exportsLower Kuwaiti exports follow cuts from OPEC kingpin Saudi Arabia that have pushed Brent prices close to $90 a barrel and left little wriggl...
- Oil falls again as concerns grow over global economy, China COVID casesLending oil some support, the dollar weakened on Wednesday after posting big gains in the previous session. A weaker dollar typically boost...
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