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RELEASE 100 MILLION BARRELS OF OIL
Fuel subsidies may top $1 trillion: UNThe UNDP analysis - which looked at data from the World Bank, the International Monetary Fund and the International Energy Agency - found t...- India's crude imports hit 2026 high in September as Gulf supplies surge despite Hormuz risksIndia’s crude oil imports rose to a 2026-high of 5.26 million barrels per day in September as Gulf supplies surged, with Iraq becoming the ...
- G7 nations agree to release 100 million barrels of oil, including diesel, a boost for TrumpG7 nations have agreed to release 100 million barrels of oil over four months to ease soaring fuel prices, with a substantial amount of die...
- Why are oil prices down today? G7 countries' oil reserve release plan to push crude rates lowerOil prices fell today as G7 countries moved towards releasing up to 100 million barrels of diesel and crude reserves over four months. Bren...
- Trump says Europe to unlock ‘massive amount of Diesel’; G7 agrees 100 million-barrel oil release amid global crunchUS President Donald Trump said Friday that Europe had agreed to release a “massive amount” of heavily stocked diesel oil, with the process ...
- Trump’s diesel squeeze may put Indian refiners in a sweet spot, and a bindA potential US diesel export ban could worsen an already tight global fuel market by removing about 1.2 million barrels a day of supply at ...
- China fuel export suspension to choke supplies in AsiaChina's recent export restrictions on oil products have affected several major importers in Southeast Asia and Australia. Singapore has see...
- Release diesel stocks or face ban: US to France & GermanyThe Trump administration has urged Germany and France to reduce their emergency diesel reserves to alleviate rising global fuel prices or r...
- No global oil shortage, supply route disruptions driving crude prices, oil minister saysUnion Minister for Petroleum and Natural Gas Hardeep Singh Puri highlights the current oil supply situation. He states that global oil prod...
- India oil refiners change tactics and hire ships to cross HormuzIndian oil refiners are now hiring tankers to pick up crude oil within the Persian Gulf. This approach helps cut costs and secure supply ch...
- Oil prices barely changed as investors assess US-Iran peace talks and Gulf exportsOil prices exhibited notable stability during the early trading hours in Asia as traders closely monitored the US-Iran peace discussions fo...
- Aramco Trading sells 10 million bbls Khafji crude to Asian refiners, sources sayAramco Trading concluded a tender for 10 million barrels of Khafji crude, attracting interest from Asian refiners. South Korea's GS Caltex ...
- Why is oil at $100 if Trump is winning the battle in Hormuz?The US appears to have gained the upper hand in the battle over the Strait of Hormuz, with allied crude exports recovering to about 80% of ...
- Oil climbs after Trump denies he is willing to ease sanctions on IranOil prices surged following US President Donald Trump's clear stance of not easing sanctions on Iran. Meanwhile, Qatar voiced optimism for ...
- US strategic petroleum reserve falls to 44-year low: Why the oil stockpile is down to 283.8 million barrelsThe U.S. Strategic Petroleum Reserve has reached its lowest level since 1982 after sustained withdrawals. Crude oil stocks dropped to 283.8...
- Iran's Revolutionary Guards call Trump a 'big liar'Iran's Revolutionary Guards' spokesperson Hossein Mohebbi accuses Donald Trump of being dishonest about nuclear weapons. Mohebbi emphasizes...
- From Hormuz to Saudi to US sanctions, world feels the oil heatThe war in West Asia has caused significant disruptions to global oil supplies and prices. Saudi Arabia faces challenges with pipeline clos...
- Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mountingIran's closure of the Strait of Hormuz initially raised concerns about soaring oil prices impacting the global economy. However, Gulf produ...
- Oil falls on increased Gulf supply and hopes for US-Iran talksOil prices experienced a decline as Saudi Arabia resumed its key pipeline operations to the Red Sea. This development, coupled with rising ...
- Saudi Arabia ramps up Gulf oil exports after pipeline attack, data showsSaudi Aramco recently loaded approximately fourteen million barrels of crude oil onto seven tankers, marking a boost in its Gulf export act...
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