oil supply
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Securing Energy Lifelines: How SK is Re-routing Oil Imports After Strait Disruptions
Korea to Reroute Energy Lifeline: Saudi Pledges Priority Oil Shipments Amid Red Sea Push Seoul authorities are rapidly pivoting energy strategies as crucial Middle Eastern shipping lanes face disruption. South Korea is actively seeking alternative oil supply routes, with Saudi Arabia reportedly... - H
Geopolitical Risks Drive Crude Price Surge
New Delhi, April 7 – Global crude oil prices soared on Tuesday, hitting new highs with more than a 3 per cent jump, amid geopolitical tensions and US President Donald Trump's deadline on Tuesday to reopen the Strait of Hormuz to Iran.Brent crude futures rose as much as 1.69 per cent, or $1.86... - H
Korea's Oil Strategy Amid Strait of Hormuz Disruptions
Seoul, April 7 – South Korea has secured an additional 60 million barrels of alternative oil supplies for May, which will replace supplies from the Middle East that have been disrupted due to the effective closure of the Strait of Hormuz, the government said on Tuesday.The country has secured... - H
Crude Oil Prices Fall as US-Iran De-escalation Hopes Rise
New Delhi, April 1 International crude oil prices on Wednesday trimmed early gains and fell nearly 3 per cent from the day's high, as optimism over a possible easing of the US-Iran conflict weighed on markets.Brent crude futures slipped to an intraday low of $102.79 per barrel, down about 2.9... - H
Reliance Industries Refutes Oil Deal Claims
New Delhi, March 26 Reliance Industries Limited (RIL) on Thursday denied reports that it had purchased Iranian crude, calling these reports "baseless".Earlier reports claimed that RIL had purchased 5 million barrels of Iranian crude after the US administration temporarily lifted sanctions on... - H
IEA: Disruptions Equivalent to Major Oil Crises
IEA Warns of Major Economic Fallout from Middle East Energy Disruptions Iran War Damages Over 40 Energy Assets Across Nine Countries Canberra, March 23 – The International Energy Agency (IEA) Executive Director Fatih Birol has warned that the Iran war is causing severe and widespread damage to... - H
Energy Disruption: Rising Prices and Shifting Trade Flows
Gulf Energy Strikes Disrupt Global Supply, Boost Upstream Firms While Downstream Faces Pressure Energy Price Surge Shifts Sector Dynamics New Delhi, March 20 – Recent strikes at Gulf energy facilities have triggered sharp disruptions in global oil and gas flows, driving prices higher and... - K
Oil Prices Drop as Iran War De-escalation Hopes Rise
Crude Oil Prices Drop Nearly 6% As Hopes of Middle East De-escalation Emerge Crude oil prices declined sharply on Tuesday, retreating from the previous session’s highs as markets reacted to growing expectations of easing tensions in the Middle East.Brent crude futures fell by $6.51, or 6.6... - K
Treasury Department Issues 30-Day Waiver for Indian Refineries to Buy Russian Oil
US Allows India to Purchase Russian Oil Already at Sea to Ease Global Supply Pressure The United States has allowed India to purchase Russian oil that is already loaded on vessels in waterways, as part of a temporary measure aimed at easing global supply pressures during the ongoing conflict in...