Trafigura has proudly completed its inaugural crude oil shipment via Argentina’s cutting-edge Derivación pipeline, a landmark achievement that boosts the nation’s energy infrastructure and dramatically expands its export potential, Pipeline and Gas Journal reports
Former US President Donald Trump revealed bold plans for the US to ‘take control’ of Venezuela and tap into its enormous crude oil reserves. Yet, experts remain skeptical, suggesting this move is unlikely to make a major dent in India’s oil costs due to minimal trade ties and India’s wide array of alternative suppliers
Oil prices soared as strong US economic growth sparked optimism for increased demand, while ongoing supply worries driven by geopolitical tensions and production cuts kept the markets on edge, Reuters reports
India is boldly navigating the challenges of international sanctions to keep its Russian oil flowing. Through clever financial maneuvers and strategic diplomacy, the country is securing a steady energy supply even as geopolitical tensions escalate, Al Jazeera reports
US sanctions on Russian oil are set to disrupt global markets by tightening supply and driving prices upward. Energy experts warn this shift could unleash greater volatility, as countries rush to adjust trade routes and secure alternative energy sources
Trump’s sanctions deliver a “crude” shock as Russia’s oil shipments to India plunge by 66%. Experts warn of a sharp decline in supplies, sparking concerns over escalating tensions and major disruptions looming in the market
A daring Ukrainian strike has halted oil exports from Russia’s Novo terminal, slashing about 2% of the global supply, sources told Reuters. This unexpected blow is fueling new fears of mounting turmoil in the energy markets
India’s BPCL is set to launch a spot crude oil tender designed to replace Russian supplies, a source told Reuters. This bold step underscores India’s determination to diversify its crude oil sources amid the shifting dynamics of the global energy market
Oil prices slipped on Wednesday, dragged down by persistent concerns over a global supply glut. Heightening market unease, escalating US-China trade tensions added further strain, Reuters reports. Investors are proceeding with caution as demand forecasts remain uncertain
China’s crude oil imports in September rose by 3.9% compared to last year, though they slipped 4.5% from August, Reuters reports. This slight year-on-year gain paired with a monthly decline reveals the shifting demand and dynamic market forces shaping the industry
Crude oil prices surged dramatically on Wednesday as escalating sanctions and mounting geopolitical tensions ramp up pressure on Russia’s energy exports, fueling fears of widespread disruptions to the global supply, Yahoo Finance reports
India’s imports of Russian oil are poised to skyrocket in September, boldly challenging U.S. efforts to curb trade. This striking surge underscores New Delhi’s determined strategy to lock in vital energy supplies amid a rapidly changing global geopolitical landscape
Volatility surged on China’s oil futures following the US sanctions on Yangshan Port, Reuters reports. Traders sprang into action as market uncertainty escalated amid mounting geopolitical tensions
Argentina has boldly risen as a South American oil titan, dramatically boosting crude production and exports. With soaring output and strong policy support, the nation is rapidly becoming a dominant player on the global energy stage
Indian Oil and BPCL have reignited their Russian oil purchases for September, sources told Reuters, marking a bold strategic shift as global sanctions continue to disrupt supply chains. This move highlights India’s agile energy strategy in the face of escalating geopolitical tensions
India finds itself in the spotlight of U.S. scrutiny, despite its crude oil imports remaining unsanctioned. Washington is sharply focused on New Delhi’s energy ties with Russia, underscoring the intricate geopolitical tensions that go well beyond simple oil trade
Enbridge unveils a booming demand to boost oil pipeline capacity from Canada to the U.S. Gulf Coast, spotlighting a dramatic rise in cross-border energy trade amid environmental concerns and regulatory hurdles
Russia’s crude oil shipments have dropped to their lowest level since February, underscoring the ongoing challenges shaking the global energy market. This steep fall exposes growing export pressures driven by rising geopolitical tensions
U.S. crude oil inventories plunged by 4.3 million barrels last week, signaling a tightening supply amid robust demand, according to the latest data from the Energy Information Administration (EIA)
The Kremlin is experiencing heightened concern as the price of Russian Urals crude oil approaches the critical $50 threshold. This significant drop could hamper state revenues, further exacerbating the economic challenges faced amid ongoing sanctions.
