Russian oil import
International

Philippines Refinery Buys Russian Crude

By BPN News Desk
Petron Corp, the Philippines’ only oil refinery, has secured nearly 2.5 million barrels of crude from Russia after losing access to around 4 million barrels in cancelled shipments since the start of the US-Israel war on Iran. The move reflects the growing pressure on Asian fuel markets as the conflict disrupts normal crude flows and […]
oil
International

Kuwait Oil Price Rises Above $118 Per Barrel

By BPN News Desk
Kuwait’s crude price climbed sharply to $118.93 per barrel after rising by $8.10, as the conflict involving Iran and the disruption around the Strait of Hormuz continued to drive fears of tighter global energy supplies. The jump reflects the broader pressure on oil markets as traders remain focused on the risk of prolonged instability in […]
india oil
National

Indian Crude Near $137 Amid Gulf Conflict

By BPN News Desk
India’s crude oil basket has surged sharply since the Gulf conflict began, climbing to about $137 a barrel and sharply increasing pressure on refiners, import costs and the broader economy. The spike reflects tighter global supply, disruption around the Strait of Hormuz and a rapid rise in freight and risk premiums linked to the ongoing […]
oil
International

Oil Prices Jump After Tanker Attack Reports

By BPN News Desk
Oil prices jumped sharply after reports of tanker attacks near Iraq added fresh fears over supply disruption in an already volatile Middle East market. The rise came as traders reacted to growing risks to shipping routes and export infrastructure, with Brent crude briefly climbing back above the $100-per-barrel mark before easing from intraday highs. Oil […]
india russia
National

India Signals Interest In More Russian Oil

By BPN News Desk
India Signals Interest In More Russian Oil Imports India has reportedly signaled renewed interest in increasing crude oil imports from Russia as geopolitical tensions rise following the crisis involving Iran. Russian officials said they are receiving indications that Indian buyers may seek higher volumes of Russian crude amid concerns about potential disruptions in global

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