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Iran says tanker struck mine, caught fire in HormuzAn oil tanker has been engulfed in flames after striking a mine in the Strait of Hormuz, as Iran continues to limit maritime traffic since ...- Trump's Iran war pause is as costly as new strikesGulf energy producers are facing higher operational costs due to the ongoing conflict with Iran. While crude oil exports have shown a recov...
- Oil Price Today (November 11): Brent crude rises to $92 as attacks on ships offset Iran war resolution hopes. What’s ahead?Brent crude futures rose near $92 per barrel, while US West Texas Intermediate (WTI) crude futures increased to over $86 per barrel on Wedn...
- Recent Ukrainian attacks have reduced Russia's oil processing capacity by 30%, sources sayUkraine's attacks on Russian oil refineries add to Moscow's difficulties in addressing domestic fuel shortages as it ships diesel to intern...
- Iran says two oil tankers on fire in HormuzIran's Revolutionary Guards have reported that two oil tankers caught fire in the Strait of Hormuz. The vessels were allegedly traveling al...
- India in a 'sweet spot' amid oil volatility and currency dynamics: Kotak Neo's Anindya BanerjeeIndia is in a favourable economic position due to declining crude oil prices and increasing foreign investment inflows. The Indian rupee is...
- Trump's Iran war may be 'militarily' over, but economic siege still hauntsTrump said on November 10 that the war is "effectively" over militarily. A day after a keenly-watched meeting with Qatar's Prime Minister, ...
- China, Hong Kong stocks rise as AI shares rally, oil prices slideChinese and Hong Kong stocks edged higher as a rally in global technology shares and falling oil prices lifted sentiment. AI-linked stocks ...
- China’s trade surplus tops $1 trillion for second straight year as exports surgeChina's trade surplus reached $1.04 trillion in January-October, crossing $1 trillion for a second consecutive year. October exports rose 3...
- Rs 84,084 crore incentive on offer, but India's deepsea oil exploration bids delayed againIntroduced in 2016 under the Hydrocarbon Exploration and Licensing Policy, OALP sought to replace the government-driven identification of e...
- Middle East oil price war heralds post-conflict glut: BoussoThe Strait of Hormuz has become a bustling corridor for Middle Eastern oil, with exports rising sharply since September. However, the ongoi...
- Iraq reaches US understanding to resume oil exports through Strait of Hormuz, says foreign ministerIraq has reached an understanding with the US to allow its oil exports through the Strait of Hormuz using a shipping lane near Oman, Foreig...
- Iran says two oil tankers catch fire after hitting naval mines in Strait of HormuzTwo oil tankers caught fire after allegedly striking naval mines while attempting to cross unauthorised routes through the Strait of Hormuz...
- US CENTCOM forms Task Force Iron Gate to disrupt Iran's ground weapons supply routesCENTCOM has formed Task Force Iron Gate to target Iran's land routes for transporting advanced weapons and restricted goods. This new group...
- Iran Guards say two tankers caught fire in HormuzOn Friday, Iran's Revolutionary Guards reported a fire involving two oil tankers in the Strait of Hormuz. This incident came soon after cla...
- Asia fuel oil benchmarks slump as market prices in potential Iran war de-escalationAsian fuel oil benchmark prices underwent a steep decline this week, driven by expectations of heightened supplies from the Middle East. Th...
- Middle East crude oil premiums tumble to pre-war levels amid ample supplyMiddle Eastern crude exports have increased in September and October, leading to declining spot premiums. Dubai's cash premium to swaps fel...
- US Iran war: UAE plans third crude oil pipeline to avoid Strait of HormuzThe United Arab Emirates is planning to construct a third oil-export pipeline to minimize reliance on the Strait of Hormuz. This new pipeli...
- US trade deficit contracts slightly in SeptemberIn September, the US trade deficit decreased by 0.6 percent, driven by capital goods imports and strong exports. Imports rose by 1.2 percen...
- Saudi Aramco Q3 profit jumps 34.5% to $36.25 billion despite ongoing US-Iran conflictSaudi Aramco reported a 34.5% year-on-year rise in third-quarter net profit to $36.25 billion, beating analyst estimates. Higher oil prices...
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