Oil shipments through the CPC terminal at Novorossiysk are suspended after drone attacks heighten risks for tanker operators. Kazakhstan has suspended crude oil exports through the Caspian Pipeline Consortium terminal at Russia’s Novorossiysk port. The halt follows a serie
Crude prices rise 25.48% since July 2 low, lifting gasoline averages to $4.02 per gallon amid geopolitical tensions. Crude oil futures settled at $84.91, up $1.68 or 2.02% on the day, marking a sixth gain in seven sessions. The rally extends a 25.48% surge from the July 2
State-owned Indian refiners suspend crude loadings from Iraq after tanker attacks escalate risks in the Strait of Hormuz. India’s largest state refiners, Indian Oil Corp. and Mangalore Refinery & Petrochemicals, have suspended crude shipments from Iraq due to heightened ri
US Treasury Secretary states expanded sanctions on Chinese teapot refiners reduced Iran’s oil revenue amid Washington’s campaign to curb Tehran’s exports. China has reduced its Iranian crude oil purchases by approximately 40% over recent months, according to US officials.
Investment bank forecasts Brent crude could exceed $120 next quarter if Strait of Hormuz tensions persist amid U.S.-Iran hostilities. Goldman Sachs analysts project Brent crude could surpass $120 a barrel next quarter if disruptions in the Strait of Hormuz continue. The fo
WTI Crude Oil advances on US-Iran supply disruption fears as traders await API report West Texas Intermediate (WTI) trades around $84.40 at the time of writing on Tuesday, up 2.58% on the day, as concerns over global Oil supplies continue to support prices despite hopes for a...<
Geopolitical tensions in the Middle East drive oil prices higher as traders weigh supply disruption risks ahead of key inventory data. West Texas Intermediate crude climbed 2.58% to $84.40 on Tuesday, fueled by escalating geopolitical risks in the Middle East. U.S. airstri
Magnolia Oil & Gas Corporation (NYSE: MGY) shares fell about 3% on Tuesday after the company announced a definitive agreement to acquire private equity-backed WildFire Energy for approximately $4 billion. The transaction, which has been unanimously approved by Magnolia's b
Houthi attacks are expanding the Middle East conflict into the Red Sea, forcing tankers to reroute and pushing Brent above $91 amid growing fears of prolonged supply disruptions. Aramco Floods the Red Sea With Crude Ahead of Houthi Escalation - Perhaps foreshadowing an esc
India emerged as the world’s most active long-term LNG buyer market in 2025 with a total of 8.4 million tons per year contracted, according to the annual 2026 report of the International Group of LNG Importers, known by its French acronym GIIGNL. Last year, India added its
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