#crude oil
6 articles with this tag
EconomyUS to Repurpose Sanctioned Oil Tankers for Legitimate Crude Transport, Energy Secretary Announces
The US administration is enabling the repurposing of sanctioned oil tankers for legitimate crude oil transport, aiming to reduce energy prices. Energy Secretary Chris Wright stated that investors will buy and refurbish these vessels, moving them from a "bad-guy fleet" to a "good-guy fleet."
EconomyIraq Prepares to Launch Crude Oil Transport by Lorry to Syria by Mid-October Amid Strait of Hormuz Disruptions
Iraq plans to begin transporting crude oil to Syria by lorry from mid-October to boost energy exports affected by disruptions in the Strait of Hormuz.
EconomyUAE Fuel Prices Surge by Up to 16% in October Amid Continued Global Oil Market Pressures
UAE petrol prices will rise for the third consecutive month in October, driven by elevated global oil markets and ongoing geopolitical tensions. Consumers will see increases of up to 16.6 per cent across various fuel grades.
EconomySupertanker Earnings Skyrocket Near $650,000 Per Day Amid Deepening Middle East Supply Disruptions
Supertanker earnings have surged to nearly $650,000 per day as ongoing Middle East disruptions squeeze global shipping capacity and force tankers into longer journeys.
EconomySevere Global Refining Shortage Threatens to Keep Fuel Prices High Until 2027
A severe global shortage of refining capacity is expected to keep petrol, diesel, and jet fuel prices high well into 2027, despite potential surges in crude supply.
EconomyDecoding Petrol Prices: How Global Markets and Government Policies Shape Fuel Costs
Global oil market volatility and regional conflicts influence petrol prices, while governments utilize various mechanisms like taxes, subsidies, and pricing formulas to manage fuel costs at the pump.