Crude Oil Supply

Senior industry officials say that New Delhi is ignoring a cleaner burning fuel, which offered more supply security during the war compared to crude oil and LPG

We can hope for peace opening the Strait of Hormuz, but must prepare for war closing it

Brent and WTI fall about 3 per cent as supply concerns ease with higher tanker movements through the Strait of Hormuz despite fresh security risks in the region

Eleven India-bound ships have transited through the Strait of Hormuz after the US and Iran finalised a Memorandum of Understanding (MoU) to end the West Asia conflict, the Ministry of External Affairs (MEA) said on Tuesday. With the US withdrawing sanctions on Iranian petroleum products as part of the peace deal, New Delhi said it is monitoring the developments in West Asia and that its energy sourcing is guided by national interest. "As of today, we have 10 Indian-flagged vessels still in the Persian Gulf region. In addition, two have recently arrived there," MEA spokesman Randhir Jaiswal said at a media briefing. "Since the signing of the MoU on June 17, 11 India bound vessels have transited through the Strait of Hormuz," he said. The vessels include three Indian-flagged crude oil tankers, each carrying over 285,000 MT (Metric Tonnes) of crude oil; one foreign-flagged LPG carrier, one foreign-flagged crude oil tanker and six foreign-flagged bulk carriers , carrying fertilisers, h

India's energy security depends on diversifying both suppliers and transport routes as West Asia tensions expose risks linked to the Strait of Hormuz

Indian refiners expect Russian crude discounts to widen as additional supplies from Iran and West Asia enter the market following the US-Iran ceasefire agreement

The agreement is aimed at diversifying crude sourcing, strengthening feedstock security and improving working-capital efficiency for Essar's refining operations

High oil and gasoline prices and energy supply problems won't be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday. It will likely take months before energy companies can resume operations to the point of meeting the world's demand, according to energy experts. The slow pace of the process of shipping and refining crude oil, and doubts about the security of traveling through the strait mean the effect won't be seen immediately, they said. Ships loaded with crude oil have been stranded in the Persian Gulf for more than three months, unable to safely travel through the waterway, through which about a fifth of the world's oil and gasoline supplies typically traveled before the war began. "It's going to take time for people to feel comfortable and for insurance to be in place ... particularly to get people on the ground to restart some of these assets," said Daniel Evans, global head of fuels and refining research at S&P Global ..

The 2026 oil shock is testing emerging economies, with fuel pricing, exchange-rate flexibility and inflation control set to determine growth outcomes

Delcy Rodriguez will visit energy installations, meet industry leaders and discuss bilateral cooperation as India increases Venezuelan oil imports amid West Asia disruptions

The ships are among a handful of supertankers exiting the Gulf this month via a transit route that Iran has ordered ships to use

State-run oil major says recent increase in retail fuel prices has eased pressure amid soaring crude prices and mounting under-recoveries

From the rise of transactional geopolitics to oil shock risks and Pakistan's strategic missteps, BS Opinion examines the global uncertainties shaping politics and business

Under the latest US waiver, countries have been allowed to purchase Russian crude oil and petroleum products until May 16 that were loaded onto vessels on or before April 17

Iranian Deputy Foreign Minister Kazem Gharibabadi said Tehran is considering a framework for charging vessels using the Strait of Hormuz for maritime services

Work-from-home can reduce commute-linked fuel use in major cities, but experts say the overall energy impact depends on office and household power use

The Islamic Republic has enough unused storage capacity to last another 12 to 22 days

The crude oil market remains on a knife-edge. Brent's surge above $105 reflects genuine supply risks from Hormuz disruptions.

Pakistan still trying to bring both sides together for negotiations

Crude import bill declines despite higher prices as supply disruptions from West Asia reduce volumes, while petroleum exports and net oil imports also fall