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GLOBAL OIL SUPPLY
Global Market: European markets gain as investors assess impact of Iran sanctionsEuropean shares edged higher on Tuesday, as investors took some relief from the lack of immediate penalties following the latest US sanctio...- Conflict-hit oil supply crisis deepens as nearly half of global output comes from affected countriesNearly half of the world’s oil supply now comes from countries affected by conflict, highlighting the growing vulnerability of global energ...
- India bonds flat as oil prices shrug off US curbs on IranIndian government bonds experienced little movement early Tuesday, stabilizing after a recent decline. Oil prices reacted unfazed to new US...
- Asian buyers snap up US crude, adding stress to tight marketAsian refiners are set to nearly double purchases of US crude for September as Middle Eastern oil prices surge amid the Iran war and Strait...
- Oil prices steady as investors weigh impact of expanded US sanctions against IranOn Tuesday, oil prices found stability following a notable decline on Monday. Investors are currently evaluating newly imposed U.S. sanctio...
- $20 million: The cost of shipping oil through Strait of Hormuz, TotalEnergies CEO saysShipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide mar...
- Global Market: European shares edge lower as investors await Iran sanctions detailsEuropean shares edged lower on Monday as technology stocks came under pressure, while investors awaited US sanctions on Iran, Nvidia’s resu...
- US refiners face historic stress test as global crisis loomsUS refineries are running near maximum capacity to fill global fuel shortages caused by the Iran war and disruptions in Russia. While this ...
- The Hormuz crude volume debate masks the real shortage of refined fuelsThe oil market is focused on disputed estimates of crude flows through the Strait of Hormuz, but Asia’s refined fuel markets show clearer s...
- US military moves 15 million barrels through Hormuz amid standoff with IranOver fifteen million barrels of oil moved through the Strait of Hormuz with US military assistance. Total shipments leaving the region, inc...
- Oil Price Today (August 21): Crude oil nears $95 as Iran peace deal hopes fade. What are experts saying?Crude oil Price today: An earlier peace deal between the sides expired this week, with neither side making efforts to resume talks. U.S. Pr...
- Oil set for second weekly rise as unsettled US-Iran war crimps supplyOil prices are maintaining their momentum, showing potential for a second consecutive week of gains. The escalating tensions between the US...
- Oil rises to 3-week high as Iran war impasse fuels Middle East supply concernsOil prices climbed to three-week highs as uncertainty over the Iran conflict and Strait of Hormuz disruptions raised supply concerns. Brent...
- India enters 'long-term arrangement' with Mauritius to supply petrol, diesel and aviation fuelIndia has signed a long-term supply arrangement with Mauritius for petrol, diesel and aviation fuel, strengthening energy cooperation betwe...
- The Iran war energy crisis is just getting startedThe Iran war has severely impacted global oil refining, causing diesel and gasoline prices to remain elevated. Refined product prices have ...
- China boosts imports of Russian crude, stymieing India's refinersChina's growing demand for Russian crude oil is impacting India's supply. India's imports from Russia's European ports have significantly d...
- Indian, US fuel exporters reaping bonanza amid oil supply uncertainty due to warsIndia and U.S. oil refiners are benefiting from global fuel supply disruptions caused by wars in Iran and Ukraine, boosting refined fuel ex...
- Indian refiners face crude cost surge as Gulf premiums rise, Russian oil discounts vanishIndian refiners are facing a sharp rise in crude procurement costs as tightening physical supplies push Gulf and West African grades to hig...
- Oil Price Today (August 13): Crude oil dips below $90 despite Strait of Hormuz deadlock. Here’s whyThe Organisation of Petroleum Exporting Countries cut its forecast for global oil demand growth in 2026 to 580,000 barrels per day in its m...
- Global oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA saysGlobal oil supply will fall by 4.3 million barrels daily this year. Renewed Middle East hostilities are disrupting supplies and deepening t...
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