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Oil prices are high but could be much worse. Trump has China's Xi to thank for thatChina's vast oil reserves and reduced imports helped stabilize global prices. This strategy mitigated the impact of the ongoing conflict in...
Russian oil uncertainty hangs over India’s largest buyersIndian state-owned refiners are facing rising crude supply uncertainty as Middle East disruptions coincide with the risk of tougher US rest...
LNG gets too hot for Asia at $26, but India keeps buyingAsian LNG demand is projected to decrease this year, with Northeast Asia seeing the largest drop. India and Bangladesh continue to secure s...
Oil Price Today (September 17): Crude oil falls below $105 even as Middle East tensions simmer. Here’s whyCrude Oil Price Today : Brent crude futures fell $1.25, or 1.22%, to $104.62 a barrel, while U.S. West Texas Intermediate futures declined ...
Russia squeezed, Saudi route hit, China circles: Why India's oil bill could get heavierIndia is encountering soaring costs for crude oil imports due to ongoing global supply chain issues. Disruptions in Saudi oil export infras...
US military says it destroyed 2 small Iranian boats trying to steal a sea droneThe US military destroyed two Iranian boats attempting to seize a drone ship. This incident occurred in waters off Iran, escalating recent ...
Saudi Arabia runs out of oil export routes as pipeline shuts, Hormuz blockedSaudi Arabia's oil exports face growing challenges after attacks closed a key pipeline. Iran and its allies have tightened their grip on vi...
Russia, Ukraine agree to not hit energy targets, says TrumpUkraine and Russia have agreed not to strike each other's energy targets. US President Donald Trump announced this agreement on Monday. He ...
Global Market: European shares subdued as tech stocks slide, oil prices surgeEuropean shares traded subdued as technology stocks slid on concerns over the pace of artificial intelligence development, while a sharp ri...
Oman postpones regional talks on Strait of HormuzOman postponed a meeting on the Strait of Hormuz amid regional tensions. An Iranian ship was struck near the waterway, killing one person. ...
Houthis' Yemen advance leaves Gulf states with uncomfortable choiceThe Houthi capture of Yemen's Red Sea coastline is strengthening Iran's leverage over Gulf energy routes, forcing Saudi Arabia and its neig...
Saudi pipeline outage threatens loss of 4% of global oil supplySaudi Arabia's oil exports face a significant threat from pipeline damage. The kingdom has only a few days of oil stocks remaining for expo...
Gulf oil threatened anew as Houthis reach key island and pipeline is shut downThe Houthis have seized control of Perim island, significantly affecting a crucial shipping corridor. Additionally, a drone strike originat...
Iran-backed Houthis seize Yemen’s entire Red Sea coast, three strategic islandsThe Iran-backed Houthis seized control of Yemen's entire Red Sea coast and captured three strategic islands on Friday, in a lightning offen...
New problem shaping up for the oil market as Hormuz remains shutHouthi forces have seized Perim Island, threatening the vital Bab el-Mandeb Strait shipping lane. This development occurs as the Strait of ...
Why is the Bab el-Mandeb Strait so important?Iran-backed Houthis aim to control Yemen's Red Sea coast and Bab el-Mandeb strait. This strategic waterway connects Asia to Europe via the ...
UAE builds alternative trade, energy routes after Iran attacks, official saysThe UAE is building alternative routes for its energy exports and trade to reduce its dependence on the Strait of Hormuz amid the war with ...