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Crude Oil News

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Strait of Hormuz Cleared for Two India-Bound Oil Ships, Navy on High Alert

The impact of the increasing conflict between America, Israel and Iran is now clearly visible on the sea routes. Meanwhile, important information has come to light regarding the movement of ships belonging to India....
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Indian vessel Jag Laadki with 81,000 MT crude oil arrives at Gujarat port

The crude oil vessel, which was loaded at UAE's Fujairah Port, is expected to support refinery operations in India, amidst the ongoing tension in the Gulf region....
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Rising Crude Oil Prices Push Global Fuel Rates Higher, What Next for India?

The impact of the ongoing war in the Middle East is now visible on the fuel market around the world. The prices of petrol and diesel have reached record levels in many countries....
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What Makes Kharg Island Strategic and How Much Oil Is Exported From It Daily?

Amidst the increasing tension in the Middle East, US President Donald Trump has claimed that the US Central Command launched a major military operation on Iran's Kharg Island....
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First Tanker Through Strait of Hormuz to India Now Heads Back, Risk Still Looms in Gulf Waters

Amidst the increasing military tension in West Asia, the Liberian tanker Shenlong, which reached India with crude oil, is now preparing to return....

'Oil Sanctions May Be Lifted,' Trump Says as War Pushes Prices Higher

Trump said that due to the war, the price of crude oil in the international market has reached around $100 per barrel, but this increase will not last...
Middle East War triggers oil crisis in Pakistan amid rising prices, panic on the streets

Middle East War triggers oil crisis in Pakistan amid rising prices, panic on the streets

There's a global crude oil crisis triggered by the Middle East War between the US, Israel and Iran. For Pakistan, the war with Afghanistan has exacer...
Oil Prices Cross $100 After 2022 Amid War Tensions, Pakistan and Bangladesh Feel the Heat

Oil Prices Cross $100 After 2022 Amid War Tensions, Pakistan and Bangladesh Feel the Heat

There has been a sudden sharp rise in the prices of crude oil in the global market. Due to the war between America, Israel and Iran, the price of crud...
Russia ready to ship 9.5 million oil barrels to India as Strait of Hormuz crisis hits supplies

Russia ready to ship 9.5 million oil barrels to India as Strait of Hormuz crisis hits supplies

About 9.5 million barrels of Russian crude in vessels near Indian waters and able to arrive within weeks, according to media reports, citing an indust...
Iran Claims ‘Complete Control’ of Strait of Hormuz, Warns Ships of Missile and Drone Threat

Iran Claims ‘Complete Control’ of Strait of Hormuz, Warns Ships of Missile and Drone Threat

Brigadier General Jabbari said that the Strait of Hormuz is closed. Whoever dares to pass through, the braves of the IRGC Navy and the Iranian Army wi...
India Holds 25 Days Of Crude And Refined Oil; No Immediate Petrol-Diesel Price Hike: Sources

India Holds 25 Days Of Crude And Refined Oil; No Immediate Petrol-Diesel Price Hike: Sources

According to sources, as the global oil prices are rising sharply due to geopolitical tensions, the officials are looking for alternative countries to...
Iran Declares Strait of Hormuz Closed, Vows to Burn Any Ship That Tries to Pass

Iran Declares Strait of Hormuz Closed, Vows to Burn Any Ship That Tries to Pass

Iran's influential military unit the Islamic Revolutionary Guard Corps claimed on Monday that the sea route through the Strait of Hormuz has been clos...
Middle East War Escalation Pushes Global Oil Prices Higher

Middle East War Escalation Pushes Global Oil Prices Higher

A major concern for oil traders is the situation in the Strait of Hormuz, which is one of the world's most important oil shipping routes. ...

Venezuela Ships Massive 2-Million-Barrel Oil Cargoes to India as Trade Rebounds

Venezuela has once again started sending crude oil to India on a large scale. The special thing is that this time instead of small ships, the world's ...
'India free to buy Oil from any country': Russia on Trump's Venezuelan oil talks with New Delhi

'India free to buy Oil from any country': Russia on Trump's Venezuelan oil talks with New Delhi

Kremlin spokesperson Dmitry Peskov on Wednesday, while addressing a presser, said that Russia has never been India's sole energy partner....

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