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U.S. OIL AND GAS OUTPUT
US strikes Iran following attack on cargo ship in Strait of HormuzUS forces struck Iranian missile and drone sites following an attack on a cargo ship in the Strait of Hormuz, jeopardising a recent interim...- Iran insists on right to control shipping in Strait of Hormuz after ship hit near OmanIran asserted its authority over the Strait of Hormuz, warning Gulf states against aligning with the U.S. This comes after an attack on a s...
- Hormuz oil shock echoes 1973 embargo lessonsThe recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this ...
- Saudi Aramco resumes oil loading at Ras Tanura after four-month halt, data showsSaudi Aramco has restarted oil loading at its Ras Tanura terminal after a four-month pause, with two massive crude carriers seen taking on ...
- Oil edges lower amid resumption of strait shipments even as vessel hit near OmanOil prices are poised for significant weekly declines as supply worries ease with tankers navigating the Strait of Hormuz. Despite a cargo ...
- India raises LPG supplies to industries, government saysIndia has made significant strides in enhancing LPG availability for commercial and industrial users by removing previous supply restrictio...
- China state refiners considering resuming Iran oil imports, sources sayChina's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a...
- Crude oil prices crash 42% from April’s $126 peak. More downside coming?Global oil markets are stabilizing after months of turmoil caused by the Strait of Hormuz closure and war damage. Crude prices have plummet...
- Trump administration touts Iran deal as a payday for US farmers, but Iran denies itA tentative US-Iran deal to end hostilities promises a financial boost for American farmers, with President Trump asserting frozen Iranian ...
- ONGC in talks to acquire PDVSA stakes in two Venezuela oilfieldsIndia's ONGC is in talks with Venezuela's PDVSA to acquire stakes in two oilfields, San Cristobal and Carabobo. This move hinges on ONGC se...
- Hormuz shipping activity shows signs of recovery; Indian refiners shine amid disruption: S&P GlobalShipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far ...
- US manufacturing soars on front-loading of orders; factory employment tanks to six-year lowUS manufacturing activity surged in June as businesses stocked up anticipating shortages and price hikes, driven by Middle East conflict im...
- India's LPG imports from US set to cross 1 million tons in June, sources sayIndia's LPG imports from the U.S. are projected to cross a record 1 million metric tons in June, driven by Middle Eastern supply disruption...
- India's core sector output slows to 0.5% in May as against 1.8% in AprilIndia's core industrial output saw a significant slowdown in May 2026, registering a mere 0.5% growth compared to the previous year, a dip ...
- ONGC rebrands itself as ‘gas and oil’ firm as natural gas output overtakes crudeState-run ONGC is shifting its focus, now prioritizing natural gas over crude oil. Chairman Arun Kumar Singh announced that gas production ...
- Oil falls as supply starts moving through Strait of HormuzOil prices dipped Friday as tankers resumed passage through the Strait of Hormuz following a U.S.-Iran peace deal. The agreement is expecte...
- US quietly allows waiver on Russian oil to expireAmerica's Treasury has not extended sanctions waivers on Russian oil. This waiver expired at midnight. President Trump has not confirmed if...
- ONGC's overseas arm set to revive Venezuela operationsONGC Videsh Ltd (OVL) had acquired assets overseas as part of increasing the state-run oil producer's crude output. The move to revive OVL ...
- Middle East oil and gas output will take months to fully recoverA landmark deal between the US and Iran promises to reopen the Strait of Hormuz, a vital oil shipping route. This agreement has already cau...
- Crude Oil Price Today (June 15): Oil hits March lows, down 4% as US, Iran agree peace deal. What are experts saying?Brent Crude oil price : Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel, while U.S. West Texas Intermediate crude declined $4....
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