Global Oil Supply
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Gasoline Costs 50% More In The US Than It Did Before Iran War
The price of crude oil, which is the main ingredient in gasoline, has been climbing for most of the past two months.
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Japan Receives First Russian Oil Shipment Since Iran War
Japan, which depends on the Middle East for around 95 per cent of its oil imports, has tried to diversify its sources of energy since the war began.
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Iran War, Oil Crisis Has 'Enormous Impact' In Asia-pacific: Japan PM
Roughly one-fifth of the world's oil normally flows through the Strait of Hormuz, where shipping has been throttled by Iran since its war with the US.
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PIB Fact Check Debunks Social Media Posts Citing Petrol, Diesel Price Hikes
New Delhi, April 29 (IANS) The fact-checking unit of the Press Information Bureau (PIB) on Wednesday dismissed as fake a viral message claiming that petrol and diesel prices have been hiked by up to Rs 12.50 per litre.
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UAE Exit Blindsides OPEC And Threatens To Shake Its Grip On Oil
For OPEC and its partners, the departure will dilute their ability to manage oil prices by adjusting supply, while positioning the UAE as a wild card player at a time of unprecedented upheaval in the global market.
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Only 5 Ships, Including Iranian Tanker Crossed Hormuz In Last 24 Hours
The closure of the strait has disrupted a fifth of the world's oil and liquefied natural gas (LNG) supplies and triggered a global energy crisis.
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Airlines Cancel Flights, Hike Ticket Prices As Jet Fuel Crisis Cripples Aviation
Iran has currently allowed only a trickle of ships to pass through the Strait of Hormuz, disrupting global oil shipments and causing major supply chain interruptions.
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Iran War Impacted Diesel Prices Much More Than Gasoline. Here's Why
The United States is the biggest exporter of petroleum products, including diesel. But with a fifth of the world's oil supply choked off at Hormuz, even the US could not make up for the shortfall.
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Donald Trump Weighs Shipping Waiver Renewal To Ease Oil, Gas Prices
Global energy prices have risen substantially in the past two months, with Brent crude, the international benchmark, climbing nearly 36 per cent.
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Investors Turn To Defence And Energy Stocks As Iran War Resets Markets
Traders have become more enamored with old-economy companies, which do things like transport goods and provide raw inputs.
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'Vibes All the Way Down': Iran's Jibe At Safe-Haven Tag For US Bonds
Treasuries are priced mostly on market psychology, not something as tangible as barrels of oil, said Iran's Parliament Speaker.
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Iran Shuts Hormuz Again, Accuses US Of Violating Deal To Reopen It
Iran Reimposes Restrictions On Strait Of Hormuz Amid Middle East War, Accuses US Of Violating Deal To Reopen It
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Europe Has "6 Weeks Or So" Of Jet Fuel Left Warns Energy Agency Head
IEA Executive Director Fatih Birol painted a sobering picture of the global repercussions of what he called "the largest energy crisis we have ever faced," stemming from the pinch-off of oil, gas and other vital supplies through the Strait of Hormuz.
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How An Indian Amla Tree Gave The Strait Of Malacca Its Name
An Indian amla tree, centuries ago, lent its name to one of the world's most important waterways, the Strait of Malacca
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US Says It Will Not Renew Sanctions Waiver Allowing India To Buy Russian Oil
The waivers on the purchase of Russian oil had allowed India to secure additional supplies amid global oil disruption. Reports suggest that Indian refiners have placed orders for roughly 30 million barrels of Russian oil during the period.
-
Gasoline Costs 50% More In The US Than It Did Before Iran War
The price of crude oil, which is the main ingredient in gasoline, has been climbing for most of the past two months.
-
Japan Receives First Russian Oil Shipment Since Iran War
Japan, which depends on the Middle East for around 95 per cent of its oil imports, has tried to diversify its sources of energy since the war began.
-
Iran War, Oil Crisis Has 'Enormous Impact' In Asia-pacific: Japan PM
Roughly one-fifth of the world's oil normally flows through the Strait of Hormuz, where shipping has been throttled by Iran since its war with the US.
-
PIB Fact Check Debunks Social Media Posts Citing Petrol, Diesel Price Hikes
New Delhi, April 29 (IANS) The fact-checking unit of the Press Information Bureau (PIB) on Wednesday dismissed as fake a viral message claiming that petrol and diesel prices have been hiked by up to Rs 12.50 per litre.
-
UAE Exit Blindsides OPEC And Threatens To Shake Its Grip On Oil
For OPEC and its partners, the departure will dilute their ability to manage oil prices by adjusting supply, while positioning the UAE as a wild card player at a time of unprecedented upheaval in the global market.
-
Only 5 Ships, Including Iranian Tanker Crossed Hormuz In Last 24 Hours
The closure of the strait has disrupted a fifth of the world's oil and liquefied natural gas (LNG) supplies and triggered a global energy crisis.
-
Airlines Cancel Flights, Hike Ticket Prices As Jet Fuel Crisis Cripples Aviation
Iran has currently allowed only a trickle of ships to pass through the Strait of Hormuz, disrupting global oil shipments and causing major supply chain interruptions.
-
Iran War Impacted Diesel Prices Much More Than Gasoline. Here's Why
The United States is the biggest exporter of petroleum products, including diesel. But with a fifth of the world's oil supply choked off at Hormuz, even the US could not make up for the shortfall.
-
Donald Trump Weighs Shipping Waiver Renewal To Ease Oil, Gas Prices
Global energy prices have risen substantially in the past two months, with Brent crude, the international benchmark, climbing nearly 36 per cent.
-
Investors Turn To Defence And Energy Stocks As Iran War Resets Markets
Traders have become more enamored with old-economy companies, which do things like transport goods and provide raw inputs.
-
'Vibes All the Way Down': Iran's Jibe At Safe-Haven Tag For US Bonds
Treasuries are priced mostly on market psychology, not something as tangible as barrels of oil, said Iran's Parliament Speaker.
-
Iran Shuts Hormuz Again, Accuses US Of Violating Deal To Reopen It
Iran Reimposes Restrictions On Strait Of Hormuz Amid Middle East War, Accuses US Of Violating Deal To Reopen It
-
Europe Has "6 Weeks Or So" Of Jet Fuel Left Warns Energy Agency Head
IEA Executive Director Fatih Birol painted a sobering picture of the global repercussions of what he called "the largest energy crisis we have ever faced," stemming from the pinch-off of oil, gas and other vital supplies through the Strait of Hormuz.
-
How An Indian Amla Tree Gave The Strait Of Malacca Its Name
An Indian amla tree, centuries ago, lent its name to one of the world's most important waterways, the Strait of Malacca
-
US Says It Will Not Renew Sanctions Waiver Allowing India To Buy Russian Oil
The waivers on the purchase of Russian oil had allowed India to secure additional supplies amid global oil disruption. Reports suggest that Indian refiners have placed orders for roughly 30 million barrels of Russian oil during the period.
