Crude Oil Supply

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

US renews Russia oil waiver, offering relief to India amid Hormuz disruptions, as refiners rely on diversified crude sources to maintain supplies

Paying tolls to use the Strait of Hormuz is a dark omen for the future of global trade

The waiver comes despite earlier US reluctance, as war-linked supply disruptions and Strait of Hormuz curbs push oil prices higher and test Western efforts to restrict Russia's revenues

Indian refiners plan to continue sourcing Russian crude from non-sanctioned suppliers and vessels despite US decision not to renew temporary sanctions waivers

BPCL says investment in Brazil's SEAP-I project will provide access to equity crude, helping strengthen India's energy security and diversify supply sources

Brent futures are currently trading near $95/bbl after a 4.6 per cent correction, yet remain up 31 per cent since the start of the conflict, 56 per cent year-to-date

As the US plans a blockade of the Strait of Hormuz after failed Iran talks, here's a look at how wartime blockades -- from world wars to today -- have disrupted trade and daily life globally

War-driven oil disruptions are reshaping global energy markets, accelerating the shift to renewables while exposing deep vulnerabilities in energy security worldwide

India has also ramped up oil purchases from alternate sources such as Nigeria and Angola

Iran's warning over a possible Bab al-Mandeb closure has raised concerns over global trade. The strategic strait carries oil and goods between Asia, Europe and West Asia