UAE walks out of OPEC & OPEC+ in high-stakes break, redraws global oil power lines amid West Asia turmoil28 Apr, 2026, 07.35 PM IST
China, India place strategic bets on clean energy out of favour in the WestChina and India are aggressively pursuing green hydrogen, investing billions to build massive production capacity. While China focuses on s...
22 Apr, 2026, 10.52 AM IST
Middle East war damage to energy assets may cost up to $58 billion, research firm Rystad saysThis estimate has doubled in three weeks, highlighting widespread damage before an April 8 ceasefire. Repair work will redirect existing ca...
16 Apr, 2026, 11.28 AM IST
UK faces jet fuel crunch as Strait of Hormuz disruption threatens flights and raises travel costsJet fuel supply to the UK is under pressure as Middle East shipments slow. Airlines may face higher costs and possible shortages if disrupt...
31 Mar, 2026, 10.38 PM IST
Iran war's energy impact forces world to pay up, cut consumptionThe closure of the Strait of Hormuz has halted 20% of global oil and LNG supply, triggering a severe energy crisis. Strikes on infrastructu...
21 Mar, 2026, 02.32 PM IST
Iran war puts at risk key pipelines, terminals and refineries that supply the world with oil and gasThe ongoing Iran war is severely impacting vital oil and gas infrastructure around the Persian Gulf. Drone strikes and the closure of the S...
09 Mar, 2026, 11.10 PM IST
Oil prices hold near two-week highs on trade war reprieve, weaker dollarOil prices remained stable near two-week highs. This was due to a U.S.-China trade agreement and a weaker dollar. The U.S. and China agreed...
14 May, 2025, 07.24 AM IST
China's solar capacity expected to hit 1,000 GW by 2026: Rystad EnergyBeijing had set a goal of boosting the country's installed capacity of wind and solar power to more than 1,200 GW by 2030. China had instal...
12 Sep, 2023, 10.25 PM IST
OPEC+ supply gap widens in March as sanctions hit Russian outputOPEC+, which groups OPEC and allies led by Russia, agreed last month to another modest monthly oil output boost of 432,000 bpd for May, res...
19 Apr, 2022, 04.14 PM IST
OPEC+ sticks to modest oil output rises, ditches IEA dataThe group has resisted repeated calls by the United States and the IEA to pump more crude to cool prices that climbed close to an all-time ...
31 Mar, 2022, 06.43 PM IST
Oil hits almost decade high before Iran throttles the rallyBenchmark Brent rose to $119.84 a barrel, the highest since 2012, with additional support coming from data showing U.S. crude stockpiles ha...
03 Mar, 2022, 09.48 PM IST
Oil prices rise to over 2-yr high as demand improves, supplies tightenBrent rose 34 cents to $73.03 a barrel by 12:56 p.m. EDT (1656 GMT). Earlier in the session, it reached $73.64 a barrel, its highest since ...
14 Jun, 2021, 11.04 PM IST
Oil slips despite high OPEC+ complianceBrent crude was 22 cents, or 0.5%, lower at $45.15 a barrel by 1352 GMT, having gained 1.3% on Monday. U.S. crude slid by 41 cents, or 1%, ...
18 Aug, 2020, 10.36 PM IST
Oil falls below $43 on virus fears, still heads for weekly gainU.S. West Texas Intermediate (WTI) crude fell 58 cents, or 1.4%, to $40.07.
03 Jul, 2020, 09.38 PM IST
Global oil supply to fall 6% by 2030 due to delayed projects: DataOil and gas companies across the world have slashed investment budgets.
25 Apr, 2020, 10.47 AM IST
US shale roars back at OPECUS shale's increase is equal to about half of the OPEC cuts and twice that of Russia's cuts.
20 May, 2017, 11.22 AM IST
Offshore oil output to plunge as producers scrap field upgradesGlobal offshore oil production in ageing fields will fall by 10 percent next year as producers abandon field upgrades at the fastest rate i...
13 Oct, 2015, 05.53 PM IST