🛢️ Oil Prices Rise Above $106 as US-Iran Tensions Threaten Strait of Hormuz
London/Singapore, September 28, 2026: Global oil prices moved sharply higher on Monday as uncertainty over the US-Iran conflict renewed concerns...
Global Oil Market
Oil Prices Ease as Markets Assess Possible U.S.-Iran Truce
LONDON: Global oil prices edged lower as traders assessed the possibility of a diplomatic breakthrough between the United States and...
Oil Prices Fall as Saudi Supply Improves and Hopes for Diplomacy Grow
Global oil prices moved lower on Wednesday as traders responded to signs that crude supplies from the Gulf region could...
Oil Prices Fall More Than 2% as Diplomatic Hopes Ease Supply Concerns
Global oil prices fell by more than 2% on Monday, reaching their lowest levels in more than a week as...
Oil Prices Decline as Easing Saudi Supply Concerns Weigh on Global Market
London, September 18, 2026: Global oil prices moved lower for a third consecutive trading session on Friday as signs that...
NEW DELHI — India’s currency market is facing renewed pressure as elevated crude oil prices increase concerns over the country’s import bill and external financial position.
The rupee has come under strain as international oil prices remain above the $100-a-barrel mark. Because India imports a substantial...
Russia Defends Oil Supplies to India as Western Pressure Intensifies
Russia has stepped up its defense of its oil relationship with India as Western governments increase pressure on countries that...
OPEC+ Freezes October Oil Output Policy Amid Global Supply Uncertainty
RIYADH — OPEC+ has decided to keep its oil production policy unchanged for October, pausing further adjustments as major producers...
US Unveils Major Oil Deal Expanding Control Over Venezuelan Reserves
The United States has announced what the White House describes as the largest oil deal in world history, giving the...
US Turns to Venezuela for More Oil, but Cheaper Gas May Still Take Time
Washington, The United States is moving deeper into Venezuela’s oil industry through a major new energy arrangement, but the deal...
US and Venezuela Announce Major Oil Deal Covering More Than 65 Billion Barrels
Washington, August 29, 2026: The United States and Venezuela have reached a major oil agreement that would give American interests...
Iran Sets Conditions for Strait of Hormuz Reopening as Diplomatic Efforts Intensify
Tehran, August 28, 2026: Diplomatic activity surrounding the conflict between Iran and the United States has intensified, with the future...
China Emerges as Iran’s Main Oil Buyer as US Tightens Economic Pressure
August 21, 2026 Beijing/Dubai — China has emerged as the most important destination for Iran’s oil exports, creating a major...
Trump Warns of Broad Economic Pressure on Countries Supporting Iran
August 20, 2026 President Donald J. Trump, joined by Secretary of War Pete Hegseth, Physicist John M. Martinis, Science and...
Strategic Oil Reserves Explained: Why Countries Are Stockpiling Crude for the Next Energy Shock
When global oil supplies are disrupted, governments have one emergency tool that can be used almost immediately: strategic petroleum reserves....
Strait of Hormuz Uncertainty Keeps Global Oil Prices Under Pressure as Markets Await a Clear Reopening Deal
August 8, 2026 Global oil markets remain highly sensitive to developments surrounding the Strait of Hormuz, with traders struggling to...
OPEC Launches 2025 Statistical Bulletin: A Vital Tool for Global Energy Insights
On July 2, 2025, the Organization of the Petroleum Exporting Countries (OPEC) released its 60th Annual Statistical Bulletin (ASB) from...
