China’s crude oil imports fell sharply in May, dropping to their lowest level since October 2017 as higher prices and disruption in Persian Gulf tanker traffic weighed on purchases by the world’s largest crude importer. China Crude Oil Imports Decline China imported 42.03 million metric tons of
Oil prices rose more than 2 percent on Monday as Israel stepped up its military incursion into Lebanon, increasing fears that the conflict with Hezbollah could disrupt wider West Asian stability and affect global energy supplies. Oil Prices Rise On Israel Lebanon Conflict Brent crude futures climbed as markets reacted to Israel’s deeper ground operation […]
Ukrainian drone strikes hit oil infrastructure in southern Russia overnight, damaging facilities in Taganrog and Armavir as the war’s energy front widened again. Ukrainian Drone Strikes In Russia Russian regional officials and Ukrainian military sources said drones targeted oil-related sites in southern Russia. In Taganrog, fires were reported on a tanker and at the port
Oil prices rose sharply after the United States launched fresh attacks on Iranian targets, raising fears of wider supply disruption in the Gulf and renewed pressure on shipping through the Strait of Hormuz. Oil Prices Rise After US Iran Attacks Brent crude climbed by more than 3% to trade near $98 per barrel, while US […]
India’s foreign direct investment inflows rose sharply to $7.7 billion, signalling a recovery after a weak phase in foreign capital flows. However, economists and analysts remain cautious about the near-term outlook because of global uncertainty, especially the continuing West Asia crisis. India FDI Inflows Recover After Weak Phase The latest FDI numbers show a clear […]
Venezuela has emerged as India’s third-largest crude oil supplier in May, overtaking Saudi Arabia and the United States as Indian refiners turned to cheaper crude amid West Asia supply disruptions. Venezuela Crude Oil Supply To India Venezuela supplied around 417,000 barrels per day of crude oil to India so far in May, a sharp rise […]
US President Donald Trump has said talks with Iran are in the “final stages”, even as he warned that Washington could still resume military action if Tehran does not agree to a deal. US-Iran Peace Talks Trump said negotiations with Iran were “on the borderline” between a possible agreement and renewed strikes. He added that […]
U.S. President Donald Trump has said oil prices will “plummet” as he claimed the Iran war could end “very quickly”, easing some pressure on global energy markets. Trump Predicts Oil Price Drop Trump said there was enough oil available in the market and predicted that prices would come down sharply once the conflict with Iran […]
India and the United Arab Emirates have signed a major energy agreement under which Abu Dhabi will store up to 30 million barrels of crude oil in India’s Strategic Petroleum Reserve, strengthening New Delhi’s emergency energy security framework. India UAE Strategic Petroleum Reserve Pact The agreement was announced after talks between Prime Minister Narendra Modi […]
The United Arab Emirates will accelerate construction of a new oil pipeline to expand its ability to export crude without relying on the Strait of Hormuz, as regional tensions continue to threaten one of the world’s most important energy shipping routes. UAE Oil Pipeline To Bypass Hormuz The Abu Dhabi Media Office said the West-East […]








