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Trump’s Hormuz blockade: What’s at stake amid global chaos and ripple risks for IndiaA US-led naval blockade on Iran has sharply escalated tensions around the Strait of Hormuz, threatening global oil flows, trade routes and ...- US waiver frees up 19 million barrels of Russia oil for purchaseAround 30 tankers carrying Russian crude and fuel in Asian waters are now potentially available for buyers after the US granted a temporary...
- Iran conflict boosts U.S. Gulf oil prices to highest since 2020Middle Eastern heavy crude production cuts, triggered by the Iran conflict and Strait of Hormuz disruptions, are sending U.S. Gulf Coast he...
- Indian Oil buys 2 million barrels of Ecuadorean oil via tender, sources sayIndian Oil Corporation has secured its first cargo of Ecuadorean Oriente crude for delivery by the end of March. This strategic purchase ai...
- China's retaliatory tariffs on crude likely to push US exports lower in 2025Beijing's 10% tariffs on U.S. crude could cause a decline in U.S. oil exports in 2025. The growth stagnated in 2024 amid shale production c...
- Oil at $100? Will oil prices hit a century this summer as a global shortage takes hold?Oil prices surged above $90 a barrel due to military tensions between Israel and Iran, compounded by global supply shocks. Mexico cutting c...
- Saudi Arabia lifts November Arab Light crude price to Asia againThe price hike is in line with market expectations of an increase of about 45 cents, and has pushed the price for the medium sour crude to ...
- Asia's refiners face profit crunch as Kuwait cuts crude exportsLower Kuwaiti exports follow cuts from OPEC kingpin Saudi Arabia that have pushed Brent prices close to $90 a barrel and left little wriggl...
- Low discount? No problem. India has no plans to stop binging on Russian oilIndia’s consumption of Russian crude has soared since last year, with the country becoming a leading supplier, ousting Saudi Arabia and Ira...
- Russia crude imports up 5% in JulyPrivate sector refiners helped boost India's imports of Russian oil in July after a decline in June amid reports of narrowing discounts. In...
- India, China's crude oil imports from Russia in May breach all-time highs, shows shiptracking dataThe jump in Russian supplies comes ahead of a meeting between the Organization of the Petroleum Exporting Countries and their allies includ...
- Some Indian refiners set to cut May Saudi oil, snap up Russian barrelsState oil producer Saudi Aramco, the world's top oil exporter, has raised crude prices for all regions, with those to Asia hitting all-time...
- Saudi Arabia raises July crude oil official selling prices for AsiaSaudi Arabia set its Arab Light OSP to northwest Europe at a discount of $1.90 a barrel against ICE Brent for July, compared with a discoun...
- Saudi Aramco cuts June crude allocation to some Asian buyers: SourcesThe cuts were made against volumes that the buyers had nominated for June-loading supplies.
- In oil markets, it's back to 1998 crisis pricingMost are offloading their oil for below $20 a barrel as the coronavirus pandemic savages demand.
- Oil price benchmarks are defying the laws of supply and demandCrudes usually yield more ship-powering dirty fuel oil, returns for which are tumbling.
- Sanctions, Opec cuts push Asia’s sour crude prices above BrentUS sanctions on Venezuela suddenly halted its crude exports to the United States last month.
- Indian Oil Corp buys first shale oil from USIOC bought 1.9 million barrels of US crude in its second import tender seeking oil from the Americas, company Director (Finance) A K Sharma...
- ONGC, Oil India, Jindal Drilling lose up to 50% as global crude prices dropONGC, Oil India and Cairn India, as well as drilling companies like Aban Offshore, Jindal Drilling and Dolphin Offshore plunged into bear t...
- High noon on Gulf coast as Canada, Saudi set for oil showdownThe clash over heavier grades -playing out in the shadowy, opaque physical market -may put even more pressure on global prices that have ha...
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