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TANKER SHORTAGE
World running short of supertankers threatens long-haul oil flowA shortage of supertankers, driven by the US-Iran conflict and a South Korean tycoon's big shipping bet, has pushed freight costs to record...
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...
Oil tankers earn $1 million a day as war leaves ship shortageThe supersized earnings also partly reflect oil-refining margins that have spiraled out of control because wars in Iran and Ukraine mean wo...
What the closure of Saudi Arabia's East-West pipeline means for oil flowsSaudi Arabia closed a major oil pipeline after a drone attack, raising global energy shortage fears. This closure threatens to remove milli...
The world wishes it had a 'diesel printer' as two wars push fuel to the brinkThe world is facing a severe diesel shortage as the US-Iran and Russia-Ukraine wars disrupt crude supplies, refinery operations and global ...
Oil markets survived the Iran war sprint. Now comes the marathonThe Iran war is increasingly looking like a prolonged threat to global energy markets, rather than a short-term supply shock. Crude has ris...
Russia imports record fuel from India as Ukraine strikes hit refineriesRussia imported record oil products from India in August. This surge occurred as Ukrainian drone strikes disrupted domestic refining capaci...
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 ...
Pakistan Army fight over water: Elite SSG commandos clash with soldiers from different units over tanker, 22 injured in the brawlA reported clash involving Pakistani Army personnel and intelligence officers has surfaced from Upper South Waziristan in Khyber Pakhtunkhw...
Iran-backed fighters in Yemen and Iraq are joining forces to threaten Gulf, officials sayIran-backed groups in Iraq and Yemen are coordinating attacks on Saudi Arabia, with an aim to increase the costs of the ongoing war in Gaza...
Copper prices scale fresh record high as focus turns to tight supplies outside USCopper prices hit a record high as concerns over shortages outside the US boosted buying, while a weaker dollar supported metals. LME coppe...
Qatar sends empty LNG ships back toward Gulf amid signs exports could resumeSeveral LNG tankers associated with Qatar are currently en route to the Persian Gulf, hinting at a potential restart of shipments through t...
Nepal rescuers continue search for missing as identification of dead remains challengeEleven days post the catastrophic floods in Nepal, search teams are tirelessly looking for those still missing. Authorities are confronted ...
Andhra farmer turns drought-hit land into 180-acre fruit farm. Grows apples, dates and dragon fruit; earns Rs 2 crore annuallyAnantapur farmer Mekala Shiva Shankar Reddy transformed arid land into a thriving orchard. He adopted water-saving drip irrigation and fert...
Crude oil rally nears $100: Will geopolitical risks push prices higher?Crude oil prices are nearing $100 per barrel, driven by escalating geopolitical tensions between the US and Iran. While physical supply rem...
Iran-US attacks restart: Refiners in the crosshairs again as some Gulf cargoes stand delayed, cancelledIndian refiners face mounting crude supply disruptions from the Gulf region. Rising vessel attacks and transit bottlenecks are causing sign...
Ships adopt makeshift anti-drone defences as Black Sea attacks intensifyTo counter the escalating risk of drone assaults from Russia and Ukraine in the Black Sea, vessels passing through the Bosphorus are equipp...