India's government has nearly doubled the windfall tax on diesel and aviation turbine fuel (ATF) exports…
Tag: oil
US Strikes Oil Tanker in Strait of Hormuz Amid Tensions
The U.S. military disabled an unladen oil tanker in the Strait of Hormuz on Thursday, escalating…
U.S. Crude Inventories Fall 1.7 Million Barrels Amid
U.S. crude oil inventories decreased by 1.7 million barrels for the week ending July 10, according…
Iran War’s Aftermath Could Disrupt Global Oil Supply Chains
The ongoing conflict in Iran is expected to have lasting effects on global oil supply chains,…
US and Iraq Discuss Oil Deals Amid Iran Tensions
During a meeting at the White House on Tuesday, U.S. President Donald Trump and Iraqi Prime…
Oil Prices Rise as Iran Threatens to Close Export Corridors
Oil prices increased for the fourth consecutive day on Wednesday as tensions escalated in the Strait…
Iranian Oil Tankers Seek Refuge in Pakistan Amid US Blockade
Two tankers carrying a combined 1 million barrels of Iranian crude oil have redirected to Karachi,…
Global Refining Capacity Down 10% Amid Supply Chain Crisis
Approximately 10% of global refining capacity is currently offline due to a combination of geopolitical tensions…
Nomura Warns India Oil Imports Vulnerable Amid Tensions
Nomura has warned that over 50% of India's oil imports are vulnerable due to rising geopolitical…
Trump Abandons 20% Hormuz Fee Amid Escalating Iran Conflict
U.S. President Donald Trump has reversed his plan to impose a 20 percent fee on cargo…