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OIL NEWS

IEA warns oil supply crunch amid the West-Asia war

May 13, 2026 9:10 pm

IEA oil market report warned of a severe global supply shortfall in 2026 due to disruptions caused by the Iran conflict and Gulf instability.

West Asia war: Impact of disruptions on global fuel supply, with potential for coal and n-power switch

April 21, 2026 11:52 am

About 80% of oil and oil products transiting the Strait of Hormuz in 2025 were destined for Asia. The war has significantly affected fuel deliveries, and could force a shift to both conventional and renewable alternatives.

Oil prices rise after US-Iran standoff in the Strait of Hormuz strands tankers

April 20, 2026 6:54 am

The market reaction followed more than two days of growing hopes and dashed expectations involving the strait.

Trump's oil power play: US President's suggestion to allies — buy US oil and 'grab Hormuz'

April 02, 2026 9:00 am

During his address to the nation, Trump said, the US is producing more more oil and gas than Saudi Arabia and Russia combined. 

Trump may have triggered the process of regime change — but not in Iran

March 30, 2026 12:56 pm

It would be ironic if the theocratic regime in Iran survives, but the Republican Party loses its hold over the US Congress in November in a prelude to the loss of the Presidency in 2028

Govt measures have helped mitigate LPG crisis, says Vaishnaw; oil ministry says large number of LPG cargoes lined up

March 24, 2026 10:40 pm

The government ordered refiners to maximise LPG production, and directed them to divert propane, butane, and other streams from petrochemical manufacturing to LPG production.

IEA agrees to release 400 million barrels of emergency oil in effort to calm surging prices

March 11, 2026 10:16 pm

IEA member countries currently hold over 1.2 billion barrels of public emergency oil stocks, with a further 600 million barrels of industry stocks held under government obligation.

Video: US seizes another sanctioned vessel in the Caribbean

January 09, 2026 7:58 pm

The Olina, which was falsely flying the flag of Timor Leste, had previously sailed from Venezuela and had ​returned to the region.

Trump says US to get 30 to 50 million barrels of Venezuelan oil worth up to $2.8 billion

January 07, 2026 8:05 am

Venezuela’s acting President, Delcy Rodríguez, rejected Trump’s remarks.

The ‘healthy oil’ myth: Why refined vegetable oils may be slowing your metabolism

December 18, 2025 2:28 pm

The question to ask is whether this oil will nourish or stress my body

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