New Delhi: Using the one-month window provided by a temporary US sanctions waiver, Indian refiners purchased Iranian oil and settled payments in Chinese yuan, people aware of the development said on F...
An oil spill in the Gulf of Mexico in March that polluted beaches, killed wildlife and spread hundreds of miles was triggered by a leak near the Abkatun field operated by state energy company Pemex, M...
The United States has decided not to extend the temporary waiver that allowed the sale of Russian and Iranian oil already at sea. The announcement comes as US treasury secretary Scott Bessent on Wedne...
A US Navy destroyer on Tuesday intercepted two oil tankers attempting to leave Iran, a day after US President Donald Trump announced a blockade aimed at pressuring Tehran, according to a US official c...
Tensions in the Middle East have sent shockwaves through financial markets worldwide, with the Strait of Hormuz emerging as the focal point of concern. The crucial passage, which carries nearly 20% of...
Shockwaves from the Strait of Hormuz supply disruption are rippling across global oil markets, setting off a frantic race to rush in crude. As availability tightens, refiners and traders are scramblin...
US President Donald Trump reacted to a social media post suggesting that a “wave of empty tankers” is heading towards the United States to collect crude oil. Sharing the post on Truth Social on Saturd...
Two US senators have called for a federal probe into suspicious oil trading activity that took place shortly before major announcements by US President Donald Trump on the Iran conflict, raising conce...
Oil prices rose on Friday with Brent Crude climbing above $96 a barrel and West Texas Intermediate (WTI) crude near $99 a barrel, as markets reacted to renewed supply risks in the Middle East.In the e...
Oil prices inched higher on Thursday after suffering their steepest single-day fall since April 2020, as uncertainty around the Strait of Hormuz and renewed tensions in the Middle East kept markets on...