In new crude world order, US is largest exporter of crudeAmerica's ascendancy to the top spot marks a stunning reversal for a country that was dependent on West Asian oil for decades and suffered ...
12 Jun, 2026, 01.28 AM IST
Why crude oil markets suddenly reversed course today: US oil prices collapse below $87 after Trump cancels Iran strike plans, WTI crude drops 3%US oil prices collapsed below $87 as WTI crude dropped nearly 3% after President Trump canceled planned Iran strikes. The move reversed a w...
12 Jun, 2026, 12.02 AM IST
OPEC oil output lowest since at least 2000 as US blockade squeezes Iran: ReportOPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...
10 Jun, 2026, 08.21 PM IST
Suez Canal sees oil tanker surge amid Strait of Hormuz disruptionEgypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of ...
10 Jun, 2026, 03.20 PM IST
What is the US Fifth Fleet, America’s backbone in the Middle East and why is it under Iran’s attack?Iran's IRGC claimed to have targeted the US Navy's Fifth Fleet headquarters in Bahrain amidst escalating tensions. This naval command, cruc...
10 Jun, 2026, 11.25 AM IST
Govt hikes domestic LPG prices by Rs 29 per cylinderIndia imports 60% of its LPG requirement, with 90% of supplies sourced from West Asia. Despite the near closure of the Strait of Hormuz, In...
09 Jun, 2026, 01.23 PM IST
Oil Price Today (June 9): Crude oil falls 1% as Israel and Iran pause strikes. Where is liquid gold headed?Oil prices eased in early Tuesday trading after Iran and Israel indicated a pause in hostilities, reducing immediate concerns over supply d...
09 Jun, 2026, 08.07 AM IST
Supreme Court issues notice to CBSE on plea to declare Class 12 improvement examination resultThe SC has taken up a case involving a Saudi Arabian student. He seeks his Class 12 improvement exam results from the CBSE. The court has i...
08 Jun, 2026, 03.03 PM IST
OMCs losing nearly ₹700 per domestic LPG cylinder despite price hike: GovtCooking gas prices have risen again. Oil companies are still losing about ₹700 on each domestic LPG cylinder. International prices are up d...
08 Jun, 2026, 01.48 PM IST
From trickle to torrent: Hormuz reopening may trigger a global oil floodThe reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...
08 Jun, 2026, 12.01 PM IST
7 OPEC+ nations announce second straight 188,000 bpd output increase for JulySeven OPEC+ nations will boost oil production by 188,000 barrels per day in July 2026, marking a second consecutive monthly increase. This ...
07 Jun, 2026, 08.25 PM IST
Saudi Arabia’s Diriyah Hajj route treasure: 1,200-year-old Abbasid-era gold, silver gemstone-studded jewellery shock archaeologistsA significant archaeological find in Saudi Arabia's Al-Qassim region has unearthed a ceramic jar containing over 100 pieces of gold, silver...
07 Jun, 2026, 03.15 PM IST
From luring stars to hosting the World Cup, Saudi Arabia has spent billions to disrupt soccerSaudi Arabia is making waves in global football. Following a stunning World Cup upset, the nation attracted top stars like Cristiano Ronald...
07 Jun, 2026, 02.45 PM IST
World Cup players to earn $5,000 each day for clubs from $355M FIFA fundFootball clubs worldwide will receive substantial payments from FIFA for players selected for the upcoming World Cup. A fund of $355 millio...
05 Jun, 2026, 08.51 PM IST
Saudi Arabia is covered in sand, yet it imports millions of tons every year, and the reason lies in a tiny detail hidden in every grainSaudi Arabia imports sand from Australia for its massive construction projects. Desert sand is unsuitable for building concrete. River sand...
04 Jun, 2026, 03.16 PM IST
Urban Company winds down Saudi Arabia subsidiary, operations to continue through joint ventureHome services giant Urban Company has ceased its operations in Saudi Arabia following the cancellation of its subsidiary's commercial regis...
03 Jun, 2026, 11.49 AM IST
Narrow the Gulf for Delhi: Conversation on derisking the future from Hormuz is good news for IndiaThe West Asia crisis presents India a chance to regain global influence. Discussions are underway to secure trade routes beyond the Strait ...
01 Jun, 2026, 11.44 PM IST