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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's top gas importer sets eyes on US LNG under long-term deal with QatarIndia is seeking US liquefied natural gas through its renewed 20-year supply deal with Qatar, its biggest LNG supplier, as the Iran war dis...
Tyre stocks: Hit by a headwind on costs, not on demand: 4 tyre stocks with upside potential of up to 29%, according to analystsFor years, this sector has had to deal with the dumping of cheap imported tyres. That particular headwind has eased now, and for an unusual...
Ship attacks in Strait of Hormuz hit record high in OctoberAttacks on commercial shipping in the Strait of Hormuz and nearby waterways reached a record high in October, according to a Washington-bas...
Russia to ship its first diesel cargo to US todayRussia lifted its self-imposed ban on diesel exports on October 9, introduced to tackle domestic shortages triggered by Ukrainian drone att...
Giant 'heat storms' are scorching the Earth. This is the story of the biggest one on recordHeat storms have increased dramatically, causing severe global consequences including excess deaths and environmental catastrophes. Recent ...
International Oil prices to jump 'super spike', claims energy research analyst, predicts global oil ratesInternational Oil prices: The recovery in Middle Eastern oil exports, higher production outside the Persian Gulf and dwindling demand had n...
Record oil tanker rates put pressure on Asian refiners, IEA saysAsian oil refiners are facing increased shipping costs that are significantly affecting their profit margins. The cost of transporting oil ...
Crude oil crisis in Hormuz: Much more than just price and quantityThe conflict in Iran has closed the Strait of Hormuz, severely impacting global oil shipments and market dynamics. While oil availability h...
First time in decades Iraq set to move its oil beyond the Strait of HormuzIraq's Oil Tankers Company has recently arranged for a Very Large Crude Carrier to transport oil. This shipment of 2 million barrels is sig...
Defence stocks: Time to change strategy in a bearish market? An ecosystem with down and upside potential of -39% to plus 37%The current fall is both at the level of the indices and the broader market. And when the selling is this broad, almost every sector is aff...
US Navy sets its eyes on F/A-XX 6th Gen fighter as Boeing wins the award: here’s a look at the other similar jets in the making and which country is ahead; cost, specifications and featuresBoeing’s F/A-XX will replace the US Navy’s F/A-18E/F Super Hornets and operate alongside the F-35C. Here’s a look at its expected range, co...
Maharashtra declares drought in 265 talukas or nearly three-fourths of state; announces relief measuresMaharashtra has declared drought in 265 out of 358 talukas due to significant rainfall deficits. The government announced various relief me...
Oil prices fall as markets look to Iran truce, but remain wary of attacks on oil facilitiesOn Friday, oil prices took a small dip after a week marked by fluctuations. Brent crude prices lowered to $105.85 per barrel, while West Te...
Oil tanker rates hit record highs following Iran, US shipping attacksOil shipping rates from the Gulf of Oman to China have reached record highs this week. This surge follows recent attacks on shipping and mi...
Indian ships reverse course in Hormuz strait, vessel tracker saysIn a tense standoff, two Indian vessels opted to reverse course in the Strait of Hormuz following gunfire allegedly from Iran's Revolutiona...
Another tanker briefly blocks Egypt's Suez canalLast year, super tanker Ever Given became wedged diagonally across the canal during a sandstorm, disrupting world trade for nearly a week.
- Somali pirates vow to resist any assault on super-tanker
Somali pirates holding an oil-laden Saudi super-tanker will fight back should any military intervention to free the ship be attempted.
- Somali pirates demand 25 mn dollars for Saudi oil tanker
Somali pirates who hijacked Saudi oil super-tanker Sirius Star on Thursday are demanding 25 million dollars in ransom and have set a 10-day...
- Indian warship shells pirates as super-tanker held to ransom
An Indian warship opened fire at a Somali pirate "mother ship", the navy said on Wednesday, as bandits demanded a ransom for a Saudi super-...