Saudi Aramco seeks to reroute crude away from Strait of Hormuz, sources saySaudi Aramco is rerouting oil exports to the Red Sea port of Yanbu. This move aims to bypass the Strait of Hormuz, where shipping is severe...
03 Mar, 2026, 08.17 PM IST
Oil prices gain 2% as market focuses on Venezuela and supply worries in Russia, Iraq and IranOil prices climbed nearly 2% as investors weighed escalating U.S. sanctions on Venezuela, a drone attack on a Russia-bound tanker in the Bl...
08 Jan, 2026, 10.50 PM IST
Oil rises as market weighs Venezuela supply risksGlobal oil prices saw a slight uptick Friday, influenced by U.S. sanctions targeting Venezuelan oil and airstrikes in Nigeria. Despite thes...
26 Dec, 2025, 07.40 AM IST
How an oil pipeline battle shows the US gaining sway in IraqIranian-backed drones attacked American oilfields in Iraq's Kurdistan region. This prompted the United States to exert intense diplomatic p...
04 Dec, 2025, 11.16 AM IST
OPEC oil output rises in July led by UAE and Saudi, survey findsOPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, although the hike wa...
08 Aug, 2025, 07.37 PM IST
Oil prices little changed as Iraq outages clash with tariff worriesOil prices experienced minimal change on Friday, balancing concerns over drone attacks on Iraqi oil fields and potential demand declines du...
18 Jul, 2025, 08.37 AM IST
Explosion halts production at Sarsang oilfield in Iraqi Kurdistan, engineers sayProduction stopped at the Sarsang oilfield in Iraqi Kurdistan due to an explosion. HKN Energy confirms no injuries. Firefighters are workin...
15 Jul, 2025, 12.33 PM IST
Kazakhstan's oil output down in early April, still above OPEC+ quota, source saysKazakhstan's oil output experienced a decrease in early April compared to the March average, primarily due to reduced production at the Ten...
14 Apr, 2025, 08.24 PM IST
Brent crude breaks above $89 for first time since October on fresh supply threatsBrent futures for June delivery were up $1.15, or 1.3%, at $88.57 a barrel by 1333 GMT after touching a peak of $89.08. U.S. West Texas Int...
02 Apr, 2024, 09.45 PM IST
Oil down as traders assess mixed signals on supplyOil prices fell on Tuesday, handing back some of the previous day's gains, as traders weighed rising crude supply in Libya and Norway again...
23 Jan, 2024, 09.46 PM IST
Shadowy drone programme gives Yemen rebels regional reachWhile Riyadh has been locked in a hunt for an elusive enemy, the guerrillas have made great strides in developing unmanned aerial vehicles ...
26 Mar, 2021, 03.45 PM IST
Iran downs unidentified drone near Gulf coast: ReportsThe unmanned aircraft was downed over Iranian territory with a domestically manufactured Mersad surface-to-air missile.
08 Nov, 2019, 05.54 PM IST
Too early to assess impact of current oil price rise on airfares, say expertsCrude prices have jumped after drone attacks on two oil facilities in Saudi Arabia, which accounts for around 10 per cent of the global oil...
17 Sep, 2019, 09.50 PM IST
Air India's monthly fuel bill might spike by Rs 50 cr on higher oil prices: OfficialAccording to the official, the bill could go up by at least Rs 50 crore if the oil prices jump 10 per cent from USD 60 per barrel level on ...
16 Sep, 2019, 10.44 PM IST
Rupee plunges 68 paise on crude oil woesSurging crude oil has emerged as major fears for India in form of fiscal slippage and inflationary pressure.
16 Sep, 2019, 07.23 PM IST
Drone attack on Saudi oil facilities to hit India's fuel import bill: DBSThe coordinated strikes on Saudi oil fields will hit India's oil import bill, Singapore's DBS Banking Group said.
16 Sep, 2019, 06.45 PM IST
China opposes action against Iran after attacks on Saudi oil fieldsIran has denied involvement in the air attacks, which were claimed by Iran-aligned Houthi rebels in Yemen.
16 Sep, 2019, 05.18 PM IST