oil transportation
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Pipeline Expansion as Gulf States Diversify Exports
New Delhi, April 5 – With the ongoing conflict in the Middle East showing no signs of abating, Gulf nations are intensifying their efforts to reduce their dependence on the Strait of Hormuz, a vital transit chokepoint through which nearly 20 million barrels of oil pass daily, according to a... - H
Indian Vessels Continue Passage Through Conflict-Ridden Strait of Hormuz
New Delhi, April 5 – An Indian-flagged vessel, the Green Asha, has safely crossed the Strait of Hormuz, marking the ninth Indian tanker to transit the crucial maritime corridor since the onset of the ongoing West Asia conflict.The development comes even as tensions remain high and security... - K
Sanctions Eased on Russian Oil – A Temporary Measure
United States Temporarily Authorizes Sale of Russian Oil Amid Middle East TensionsWashington, March 13 The United States is temporarily allowing the sale of Russian oil already at sea, the Treasury Department announced on Thursday, as global energy prices surge following US-Israeli strikes on... - 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...