Saudi Aramco and Abu Dhabi National Oil Company are among the firms still transporting limited crude shipments through the Strait of Hormuz, despite persistent threats and disruptions linked to the conflict with Iran.

Soaring oil prices amid rising tensions in the Strait of Hormuz are starting to affect global financial markets, sparking worries about possible impacts on cryptocurrencies and other high-risk assets.

Mexican state energy company Pemex narrowed losses sharply in the fourth quarter, booking a net loss of 155.23 million pesos ($8.62 million), a filing to the Mexican stock exchange showed on Friday.

Azerbaijan has restarted crude oil exports to India after a 10-month break, according to the State Customs Committee.

In the first half of 2025, Azerbaijan saw an increase in its oil exports, reaching 12.05 million tons of crude oil and petroleum products derived from bituminous rocks, with a total value of $6.41 billion, according to the State Customs Committee.

U.S. exports of crude oil to India surged to their highest level in more than two years last month, as Indian refiners sought alternative supplies due to tighter Washington's sanctions on Russian producers and tankers.

Global crude exports saw a 2% drop in 2024, marking the first decline since the COVID-19 pandemic, according to shipping data.