Oil Supply Middle East
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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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Haj Airfares Hiked By Rs 10,000 Over Jet Fuel Costs, Opposition Protests
The government has defended the hike by pointing to fighting in the Middle East - the US and Israel's war on Iran - that has choked crude oil supply worldwide, and noting the increase has been capped at "just $100" after intense talks.
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Iran's Supreme Leader Vows To Protect Nuclear, Missile Capabilities
Mojtaba Khamenei's remarks come as Iran's economy is reeling and its oil industry is being squeezed by a US Navy blockade halting its tankers.
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Opinion | Can Saudi Arabia, Now Alone At The Top, Manage To Keep Oil Stable?
With the UAE's exit, Saudi Arabia will remain the only swing producer with sufficient spare capacity to exert market influence and respond to supply shocks. This will constrain the grouping's leveraging power.
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UAE Quits OPEC: What It Means For India's Oil Prices, Fuel Bills
Being able to deal with the UAE as a separate seller should give Indian refineries the chance to re-adjust risk levels and pricing, particularly if some volume of crude is routed via overland pipelines to bypass the Hormuz blockade.
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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.
-
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.
-
Haj Airfares Hiked By Rs 10,000 Over Jet Fuel Costs, Opposition Protests
The government has defended the hike by pointing to fighting in the Middle East - the US and Israel's war on Iran - that has choked crude oil supply worldwide, and noting the increase has been capped at "just $100" after intense talks.
-
Iran's Supreme Leader Vows To Protect Nuclear, Missile Capabilities
Mojtaba Khamenei's remarks come as Iran's economy is reeling and its oil industry is being squeezed by a US Navy blockade halting its tankers.
-
Opinion | Can Saudi Arabia, Now Alone At The Top, Manage To Keep Oil Stable?
With the UAE's exit, Saudi Arabia will remain the only swing producer with sufficient spare capacity to exert market influence and respond to supply shocks. This will constrain the grouping's leveraging power.
-
UAE Quits OPEC: What It Means For India's Oil Prices, Fuel Bills
Being able to deal with the UAE as a separate seller should give Indian refineries the chance to re-adjust risk levels and pricing, particularly if some volume of crude is routed via overland pipelines to bypass the Hormuz blockade.
-
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.
