Tag:

Oil

US sanctions Chinese refinery, 40 shipping firms for Iran oil

The Trump administration is imposing economic sanctions on a major China-based oil refinery, along with around 40 shipping companies and tankers involved in the transport of Iranian oil.

24 Apr 2026-22:42
Iran says it bypasses US blockade via Jask port to sustain oil exports to China

Iran says it has managed to circumvent what it describes as a US maritime blockade in the Strait of Hormuz by using the southern Jask port to maintain oil exports.

24 Apr 2026-13:02
Japan expands oil reserve release over Hormuz risk

24 Apr 2026-12:58
How the Druzhba oil pipeline works: Europe’s main oil artery

The Druzhba (Friendship) oil pipeline system is one of the largest and longest oil pipeline networks in the world. Constructed in the early 1960s during the Soviet era, it was designed to integrate the energy systems of Eastern Bloc countries and ensure a stable supply of crude oil to industrial centres across Europe.

24 Apr 2026-10:51
Oil prices surge above $106 on Hormuz crisis

Oil prices surged above $106 per barrel amid rising tensions between the United States and Iran in the Strait of Hormuz, following tit-for-tat seizures of commercial vessels by Washington and Tehran.

24 Apr 2026-09:51
Cuba sees short-term relief as Russian oil begins to flow

Cubans this week began to reap the benefits of a recent 100,000 metric ton delivery of Russian oil, a temporary lifeline for the energy-starved nation and the first major shipment of oil ‌to the island since the United States moved to cut off its fuel early this year.

23 Apr 2026-23:15
US seizes another Iranian-linked oil tanker in Indian Ocean - VIDEO

The United States has seized another oil tanker linked to Iran in the Indian Ocean.

23 Apr 2026-16:44
S&P Global lowers oil demand outlook on Iran war

S&P Global Energy has reduced its global oil demand forecast for 2026 by 700,000 barrels per day, as the U.S.–Iran war disrupts energy supplies from the Middle East and weakens demand in the second quarter, consultant Ethan Ng said on Thursday.

23 Apr 2026-11:57
Oil extends rally as US–Iran standoff chokes Hormuz

Oil prices rose for a fourth consecutive day as tensions between the United States and Iran escalated over control of the Strait of Hormuz following the collapse of efforts to restart peace talks.

23 Apr 2026-11:13
Druzhba – a pipeline turned into a source of discord

23 Apr 2026-10:02