India has ordered shipowners, ship managers and recruitment companies not to deploy the country's seafarers on vessels undertaking trips through the Strait of Hormuz amid renewed fighting in the…
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Brent crude, the international standard, dropped 0.3% to $84.68 a barrel. It was trading near $72 per barrel in late February before the war began.
The US struck Iran for a fifth straight day overnight and hit a sanctioned oil tanker near the country’s main export terminal, as tensions between the warring sides show little sign of abating.
Oil product inventories at Fujairah in the UAE inched up 0.2% in the week ended July 13, led by a 12% rise in light distillate stocks, according to Fujairah Oil Industry Zone data published July 15.…
Energy – Physical oil market sees renewed strength Oil prices managed to eke out a third day of gains amid few signs of de-escalation between the US and Iran. The US carried out additional strikes…
Petroleum markets in the second quarter of 2026 (2Q26) were characterized by continued disruptions to international crude oil and petroleum product flows through the Strait of Hormuz, contributing to…
The United Arab Emirates increased crude oil production by 1,707 thousand barrels per day to 3.818 million barrels per day in June 2026, the highest since April 2020, according to OPEC’s monthly…
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