The United States military has intercepted at least three Iranian-flagged oil tankers in Asian waters and redirected them away from positions near India, Malaysia and Sri Lanka, amid an ongoing mariti...
India faces greater exposure. It depends heavily on the Gulf region not just for crude oil but also for liquefied petroleum gas. (AI image) India and China, among the largest economies in Asia, are st...
Iran’s parliament speaker Mohammad Bagher Ghalibaf on early Monday took a shot at the US, warning that energy pricing is increasingly being driven by sentiment rather than fundamentals, as tensions ar...
The US administration has decided to extend a narrow window for global buyers to purchase Russian oil shipments already at sea, despite earlier indications that such relief would not continue.Late Fri...
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...