Massive Mourning for Khamenei in Tehran; OPEC+ Increases Oil Production Quotas
US-Iran War Live Updates: Three of Khamenei’s sons — Mostafa, Meysam, and Masoud — were observed praying next to the coffins, while…
Doha Negotiations Set to Restart Following Khamenei’s Funeral; Trump Remarks on Rapidly Falling Oil Prices
The US and Iran have agreed to resume indirect talks following the funeral of Iran’s former Supreme Leader Ali Khamenei, as President…
Analyzed: How India Navigated the West Asia Oil Crisis and Its Implications for Future Energy Security
India came through the recent Gulf oil crisis with minimal economic fallout, yet the incident highlighted the ongoing vulnerability of global…
Ukraine Strikes Oil Refinery in Russia’s Krasnodar Region Overnight
On Sunday, Krasnodar region governor Veniamin Kondratiev announced via Telegram that a fire had erupted at the refinery in…
Oil Prices Surge Following Attack on Cargo Ship, Halting Hormuz Evacuation
US-Iran War Live Updates: Tensions in the Gulf have escalated once more following an attack on a merchant vessel near the Strait of Hormuz,…
Kirloskar Oil Engines secures 192 MW power contract for AI data center.
Kirloskar Oil Engines Limited (KOEL) announced on Friday, June 19, that it has secured an order from HyperNext for the deployment of power…
Increasing insurance costs and war-risk coverage are driving up India’s oil import expenses, advises the Finance Minister.
Finance Minister Nirmala Sitharaman stated on Monday (June 15) that the rising prices of crude oil are not India’s only concern, as…
India’s Russian Oil Imports Increase in May as Refiners Heighten Acquisitions
In May, India was the world’s second-largest importer of Russian fossil fuels, with an estimated 5.8 billion euros ($6.7 billion) worth…
Rubio informs Jaishankar that the US will not accept breaches of the Iranian oil embargo in Hormuz.
US Secretary of State Marco Rubio stated on Saturday (June 13) that any breach of the American blockade and unauthorized transport of Iranian…
Traders and Shippers Claim Gulf Oil Export Losses Are Much Lower Than Previously Estimated
Following the onset of the Iran war and Tehran’s declaration that the Strait of Hormuz was “closed,” the market has struggled to…