There's fear that Iran might try to choke the Strait of Hormuz, through which 20% of global crude oil is traded. India, ...

“Subsequently, on 13 June 2025, two additional sites were dismantled at Oteghele, also within Obodo Omadino, leading to the recovery of 8,400 litres of stolen crude oil stored in 21 dugout pits.

India plans to source crude oil from outside the Persian Gulf and to cut its own refined‑product exports, Oil Minister Hardeep Puri said Thursday, as a potential blockage of the Strait of Hormuz ...

According to the Nigerian National Petroleum Company Limited (NNPC Ltd), around 200,000 barrels of crude oil are diverted each day in Nigeria. At this rate, annual losses amount to more than $7 ...

Iran ramps up oil exports amid conflict with iran. Satellite images show Kharg Island tanks full, up from partial fills on June 11, after a 44% export surge. Tankers are now loading quickly. Listen to ...

While the Israel-Iran tension has kept crude oil on the boil with an 8% jump in the past eight days and 23% over a month, the black gold is unlikely to breach the $80 per barrel mark, according to ...

1556 ET – Crude oil futures settle slightly lower, closing down 0.3% to $74.93 a barrel. The two-week timeframe given by President Trump to decide what to do with Iran was a chief reason that ...

Sellers of Iranian oil to China are offering deeper discounts this month as they look to reduce inventories and as independent refiners slow their buying due to a jump in crude prices, traders and ...

Geopolitical shock sends oil markets higher Global oil markets surge as Israel-Iran tensions escalate, with Brent crude oil jumping over 13% amid fears of supply disruption through the Strait of ...

NORWALK – A group of state, local, and federal elected officials gathered at 200 Woodward Ave. on Manresa Island on the morning of Friday, June 20, to mark the “passing” of three oil tanks ...

Iran’s crude oil production is around 3.3 mbd, of which it exports 1.8-2.0 mbd. Emkay Global noted that Iran has partially shut down its South Pars gas field following Israeli strikes.

India is preparing to source crude oil from outside the Persian Gulf and cut its own refined-product exports should the Strait of Hormuz be blocked to ship traffic, Oil Minister Hardeep Puri said.