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In 22 Days, Iran Will Run Out Of Place To Store Oil It Produces. What's Next?
The looming storage crunch is threatening to accelerate production cuts in what was once the second-largest source of crude under the Organisation of Petroleum Exporting Countries (OPEC). P
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Saudi Oil Output Capacity, Pipeline Flows Cut in Supply Risk
Missile and drone barrages have damaged swaths of Saudi Arabia's vast energy infrastructure, including refineries, oil fields deep in the desert and petrochemical plants.
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OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From Iran War
Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day during a video conference.
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Iraq Restarts Oil Exports Via Turkey Amid Strait Of Hormuz Disruptions
Iraq announced on Wednesday it had resumed limited oil exports of 250,000 bpd through the Turkish port of Ceyhan after the country's output plunged due to disruptions in the Strait of Hormuz.
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Saudi Arabia Starts Reducing Oil Production As Hormuz Closure Fills Storage
Saudi Arabia has started reducing oil production as the near-blockage of the critical Strait of Hormuz starts filling storage tanks, according to a person familiar with the matter, even as it rushes to reroute some supplies through the Red Sea.
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"Kick Out China, Russia, Iran": Team Trump's New Oil Warning To Venezuela
US President Donald Trump reportedly wants Venezuela's new regime under interim president Delcy Rodriguez to "kick out" and "sever" economic ties with China, Russia, Iran and Cuba before being allowed to pump more oil.
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India's 8 Core Industries Post 1.7% Growth In June
India's core industries comprising eight sectors reported 1.7 per cent growth in June 2025, down from 5 per cent in the same month of 2024, data released on Monday by Ministry of Commerce and Industry showed.
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Drone Strikes Norwegian Oilfield In Iraq, 2nd Such Attack This Week
A drone attack targeted an oilfield operated by Norwegian oil and gas firm DNO in Tawke, in the Zakho Administration area of northern Iraq
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OPEC+ To Hike Petrol Output To 548,000 Barrels Per Day In August
Saudi Arabia, Russia and six other key members of the OPEC+ alliance said they would further increase oil output in August to 548,000 barrels per day.
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US Urges China To Keep Iran From Shutting Strait Of Hormuz, A Key Trade Route
Analysts have said Iran may opt to retaliate to Washington's early Sunday attack by shutting the Strait, a waterway through which one-fifth of global oil output passes.
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How Gas Inferno At Iran Refinery Mirrors Operation Desert Storm Devastation
In the early hours of Saturday, a fireball lit up the Iranian skyline as an Israeli drone strike hit Phase 14 of the South Pars gas field, one of the world's most vital energy hubs.
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Israel Bombed World's Largest Gas Field In Iran. Why It Is A Big Deal
Iran was forced to partially halt gas production at the world's largest gas field, South Pars, after an Israeli airstrike caused a fire at one of its key processing units on Saturday.
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Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
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Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
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War Of Words That Rocked US-Saudi Rapport Cools As Oil Steadies
The US and Saudi Arabia are looking beyond last year's oil spat to focus on billions of dollars-worth of defense and aviation deals and potential nuclear cooperation.
-
In 22 Days, Iran Will Run Out Of Place To Store Oil It Produces. What's Next?
The looming storage crunch is threatening to accelerate production cuts in what was once the second-largest source of crude under the Organisation of Petroleum Exporting Countries (OPEC). P
-
Saudi Oil Output Capacity, Pipeline Flows Cut in Supply Risk
Missile and drone barrages have damaged swaths of Saudi Arabia's vast energy infrastructure, including refineries, oil fields deep in the desert and petrochemical plants.
-
OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From Iran War
Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day during a video conference.
-
Iraq Restarts Oil Exports Via Turkey Amid Strait Of Hormuz Disruptions
Iraq announced on Wednesday it had resumed limited oil exports of 250,000 bpd through the Turkish port of Ceyhan after the country's output plunged due to disruptions in the Strait of Hormuz.
-
Saudi Arabia Starts Reducing Oil Production As Hormuz Closure Fills Storage
Saudi Arabia has started reducing oil production as the near-blockage of the critical Strait of Hormuz starts filling storage tanks, according to a person familiar with the matter, even as it rushes to reroute some supplies through the Red Sea.
-
"Kick Out China, Russia, Iran": Team Trump's New Oil Warning To Venezuela
US President Donald Trump reportedly wants Venezuela's new regime under interim president Delcy Rodriguez to "kick out" and "sever" economic ties with China, Russia, Iran and Cuba before being allowed to pump more oil.
-
India's 8 Core Industries Post 1.7% Growth In June
India's core industries comprising eight sectors reported 1.7 per cent growth in June 2025, down from 5 per cent in the same month of 2024, data released on Monday by Ministry of Commerce and Industry showed.
-
Drone Strikes Norwegian Oilfield In Iraq, 2nd Such Attack This Week
A drone attack targeted an oilfield operated by Norwegian oil and gas firm DNO in Tawke, in the Zakho Administration area of northern Iraq
-
OPEC+ To Hike Petrol Output To 548,000 Barrels Per Day In August
Saudi Arabia, Russia and six other key members of the OPEC+ alliance said they would further increase oil output in August to 548,000 barrels per day.
-
US Urges China To Keep Iran From Shutting Strait Of Hormuz, A Key Trade Route
Analysts have said Iran may opt to retaliate to Washington's early Sunday attack by shutting the Strait, a waterway through which one-fifth of global oil output passes.
-
How Gas Inferno At Iran Refinery Mirrors Operation Desert Storm Devastation
In the early hours of Saturday, a fireball lit up the Iranian skyline as an Israeli drone strike hit Phase 14 of the South Pars gas field, one of the world's most vital energy hubs.
-
Israel Bombed World's Largest Gas Field In Iran. Why It Is A Big Deal
Iran was forced to partially halt gas production at the world's largest gas field, South Pars, after an Israeli airstrike caused a fire at one of its key processing units on Saturday.
-
Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
-
Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
-
War Of Words That Rocked US-Saudi Rapport Cools As Oil Steadies
The US and Saudi Arabia are looking beyond last year's oil spat to focus on billions of dollars-worth of defense and aviation deals and potential nuclear cooperation.
