Strategic oil reserves are used to smoothen supply disruptions during emergencies. But China is using it to bring down oil…
The United States has reached a deal with Germany to prevent Russia from using its Nord Stream 2 gas pipeline.…
India is particularly vulnerable as any increase in global prices can affect its import bill, stoke inflation, and widen trade…
Oil prices climbed in early Asian trade on Monday, underpinned by the bright outlook for fuel demand growth in the…
Oil prices climbed on Monday (May 03) as optimism about a strong rebound in fuel demand in developed countries and…
Oil prices have went down in early Asian trade on Monday after OPEC+ agreed last week to gradually ease some…
The lead investigator in the Suez Canal blockage probe has boarded the Ever Given. The investigator has said that the…
In a huge setback of trade, the massive container ship blocking the Suez Canal may take weeks to clear out.…
A massive container ship has blocked the Suez Canal. Reportedly, the blockage is costing about $400 million an hour. There…
Free efforts are still underway at the Suez Canal after a massive container ship the size of a skyscraper became…
Global oil prices jumped higher after the organisation of the petroleum exporting nation’s OPEC and its allies agreed to extend…
A group of major oil producers has agreed to extend production cuts for another month despite a recent price surge.…