US sanctions strand Iran, Russia oil on tankers, driving up crude costs
The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of ...
U.S. crude stockpiles rose 9M barrels last week, API says
The American Petroleum Institute reportedly shows a build of 9.04M barrels of oil in U.S. commercial stockpiles, much larger than expected, for the week ending February 7. Gasoline inventories ...
CPI, Powell testimony, and oil data in focus for Wednesday
As traders approach another pivotal day for financial markets, Wednesday, February 12, 2025, brings a series of crucial economic data releases and decisions that could sway market dynamics. The ...
Russia's Sakhalin Island Oil Is Backing Up After US Sanctions
Crude shipments from Russia’s Sakhalin Island projects aren’t being discharged after the tankers carrying them were ...
US Sanctions Bite With Russia’s Crude Exports Facing Delays Offloading
Russia’s crude exports have yet to be curtailed by the latest US sanctions to target its oil, with flows broadly stable. But ...
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Budget 2025: ₹5,876 crore allocated for strategic oil reserves, LPG subsidy sees cut
The ISPRL project, managed by Indian Strategic Petroleum Reserve Limited, a wholly-owned subsidiary of the Oil Industry ...
Majhi unveils projects worth Rs 1000cr for Jajpur
Bhubaneswar: CM Mohan Charan Majhi on Saturday inaugurated Jajpur district festival, ‘Jajati-2025', and unveiled development ...
Over 320,000 litres of crude palm oil worth more than RM1.3mil seized in Johor
KULAI: Some 325,400 litres of crude palm oil worth more than RM1.3mil have been seized during a raid at an illegal palm oil ...