Ukraine’s drone attacks ignite blaze at Russia’s Tuapse oil terminal on the Black Sea
A fire erupted at Tuapse, Russia’s Black Sea port, following a Ukrainian drone assault overnight, as officials work to address the damage to…
UAE’s upcoming oil pipeline avoiding the Strait of Hormuz set to launch by 2027.
The United Arab Emirates (UAE) has announced that its new oil pipeline, designed to avoid the Strait of Hormuz, is approximately 50% finished.…
US Oil Reserves Reach Two-Year Low; Lebanon’s Death Toll Exceeds 3,000
US-Iran War Live Updates: US President Donald Trump announced that he has postponed a planned strike on Iran but cautioned that the US is…
India and UAE Reveal $5 Billion Investment, Oil Reserve, and AI Agreements During Modi’s Visit
India and the United Arab Emirates deepened their collaboration in energy, defense, infrastructure, and technology during Prime Minister…
Live Updates on the US-Iran Conflict | Iraq and Pakistan Secure Oil and Gas Shipping Agreements with Iran
US-Iran War Live Updates | Israeli strikes in southern Lebanon resulted in 13 fatalities as tensions in the ongoing US-Iran conflict continued…
China’s Dependence on Iranian Oil: A Desire for Resources, Not Conflict
On Wednesday, Iranian Foreign Minister Abbas Araghchi arrived in Beijing for his first trip to China since the war started, bringing a…
US-Iran Conflict LIVE Updates: US Futures Steady, Oil Stays Near $108 as Asian Stocks Tick Upward
US-Iran War LIVE Updates: The United States is preparing to launch “Project Freedom,” a military-supported endeavor aimed at reinstating…
Oil Prices Remain Steady as Trump Promises to Maintain Strait of Hormuz Blockade
Oil experienced its second consecutive weekly gain after US President Donald Trump announced the continuation of the naval blockade of Iranian…
US extends exemption permitting nations to purchase Russian oil until May 16.
Donald Trump’s administration has extended a temporary waiver permitting the sale and delivery of specific oil shipments from Russia, offering…
Traders wager $760 million on declining oil prices ahead of Hormuz announcement.
Investors made a significant wager of approximately $760 million on a declining oil price roughly 20 minutes prior to the announcement from…