Approximately 10% of global refining capacity is currently offline due to a combination of geopolitical tensions…
Tag: oil
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…
Norwegian Tanker Hit by Projectile Amid US-Iran Tensions
A Norwegian chemical tanker was struck by an unidentified projectile off the coast of Oman on…
Oil Prices Surge 5% as Trump Reimposes Iran Blockade
Oil prices increased by more than 5% on Monday following President Donald Trump's announcement that the…
Oil Prices Surge 4% Amid US-Iran Airstrike Escalation
Oil prices climbed sharply on Monday following a series of airstrikes between the United States and…
U.S. and Iran Continue Peace Talks Amid Escalating Strikes
The United States and Iran will persist with peace negotiations despite escalating military actions between the…
Oil Prices Surge 6% After Trump Ends Iran Ceasefire
Crude oil prices surged more than 6% on Wednesday following U.S. President Donald Trump's declaration that…
Oil Prices Climb After US Strikes and Iran Sanctions Return
Oil prices rose sharply on Wednesday following new U.S. military strikes in Iran and the reinstatement…
Cambodia, Thailand Clash Over $300 Billion Oil and Gas
In a significant escalation of a long-standing maritime dispute, Cambodia has taken its territorial claims against…