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Oil Supply News

Trump teases ‘massive’ oil deals with Iraq during visit from PM

US President Donald Trump shakes hands with Iraqi Prime Minister Ali al-Zaidi during a meeting at the White House.

Published 20 hours ago

‘76 days of fuel, no immediate risk’: Oil minister Puri amid global disruptions

Hardeep Puri said that the government had already been looking at diversified sources for exports outside the Gulf region

Updated 37 days ago

What is OPEC, OPEC+ and why the UAE no longer want to be a part of it

The UAE announced on Tuesday it will exit OPEC and OPEC+ effective May 1, 2026.

Published 78 days ago

What can governments do when petrol prices rocket?

What can governments do when petrol prices rocket?

Published 96 days ago

15 ships a day, subject to approval: Curbs remain on Hormuz as Iran regulates

15 ships a day, subject to approval: Curbs remain on Hormuz as Iran regulates

Updated 97 days ago

Why India-bound Iran oil shipment rerouted mid-voyage to China? Centre explains

Iran crude tanker changes course to China, govt says no payment issues

Updated 101 days ago

Russia ‘doesn't need permission’ to supply oil, calls it ‘matter of sovereignty’

As Western sanctions loom, Russia shifts focus to alternative markets, signalling its independence in energy strategies.

Published 102 days ago

‘US will take control of Straits’: US Treasury Secretary amid tensions with Iran

US Treasury Secretary Scott Bessent said several countries have cut their deals with Iran, which is building supply of oil in the global market.

Updated 107 days ago

Which countries are allowed to pass through Strait of Hormuz and which aren't?

Which countries are allowed to pass through Strait of Hormuz and which aren't?

Updated 109 days ago

Want ships to cross Hormuz safely? Pay a toll. Report says Iran mulling new law

Cargo ships and tankers are seen off coast city of Fujairah, in the Strait of Hormuz in the northern Emirate.

Updated 111 days ago

Philippines declares Emergency as energy supplies run short

Philippine President Ferdinand Marcos Jr. speaks during a press conference after declaring a state of national emergency amid rising fuel prices due to the ongoing conflict in the Middle East, at Malacanang Palace in Manila, Philippines.

Published 112 days ago

Cost of the war in West Asia

The damage to production facilities will take significantly more time and money to restore after the war has ended or traffic in the Strait of Hormuz has been restored. We are talking years and billions of dollars here. (Reuters)

Published 117 days ago

How the Iran war is weakening Donald Trump

President Donald Trump holds a model of a B-2 stealth bomber as he speaks after signing an executive order in the White House

Published 118 days ago

The Iran war may be about to escalate

Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026.

Updated 121 days ago

Petrol, diesel prices today: Hyderabad tops metros list, Delhi remains cheapest

Fuel prices in Delhi remained the most affordable among major metro cities on Thursday. (Gurinder Singh/HT)

Published 133 days ago

AAI denies taking fuel stock as fear looms over ‘closure’ of Strait of Hormuz

Amid the ongoing US-Iran war and airspace restrictions, 36 departures and 44 arrivals were cancelled at Delhi's IGI airport on Tuesday.

Updated 134 days ago

Oil prices rise as Iran conducts naval drills ahead of fresh US talks

Oil has rallied more than 10% this year as escalating tensions with Iran — and potential supply disruptions in a region that pumps about a third of the world’s crude — outshone concerns over a global glut.

Updated 149 days ago

No need to worry, we have sufficient energy reserves: Hardeep Puri

Union minister for petroleum and natural gas Hardeep Singh Puri on Thursday reassured that there is no reason to worry about energy count in wake of the conflict situation in the Middle East and that we have sufficient energy reserves to last for weeks. (ANI File)

Published 384 days ago

Relief for Tehran as Donald Trump says China can continue to buy Iranian oil

Last month the United States announced fresh sanctions on Iranian oil sales to Beijing.

Published 386 days ago

Oil supply via Strait of Hormuz unlikely to be hit despite Iran-Israel war

India and global markets remain watchful, hoping that the vital Strait of Hormuz stays open.

Published 387 days ago

Iran’s Strait of Hormuz Gambit

Iran’s Strait of Hormuz Gambit

Published 388 days ago

Hardeep Puri assures fuel stability amid Middle East tensions over Hormuz

Around one-fifth of the world's oil consumption passes through the Strait of Hormuz, which is situated between Iran and Oman.

Updated 388 days ago

ONGC seeks foreign partners for Mumbai High oilfield as output falls

ONGC is India's top oil and gas producer.

Published 766 days ago

Biden Plans Sweeping Effort to Block Arctic Oil Drilling

HT Image

Updated 824 days ago

US overtakes Saudi Arabia to become India's second largest oil supplier

In contrast, February imports from Saudi Arabia fell by 42% from the previous month to a decade-low of 445,200 bpd, the data showed. Saudi Arabia, which has consistently been one of India's top two suppliers, slipped to No. 4 for the first time since at least January 2006. (Representative Image)

Published 1948 days ago

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