News

Indian Oil raises spot crude buying to record share

Bloomberg reports that Indian Oil Corp. sourced as much as 84% of its crude through spot-market purchases during the April–June quarter, compared with its usual approach of securing about half of its requirements through long-term contracts…

Houthi attacks put Saudi oil routes in market focus

News

Yemen’s Iran-aligned Houthi movement said it launched ballistic missiles and drones at Saudi Aramco facilities in Yanbu and Jazan on July 25. Saudi officials had not confirmed the attacks when The Washington Post published its report, although…

U.S. crude supply reaches 45-year low relative to demand

News

Seeking Alpha reported on July 20, 2026, that U.S. crude oil supply measured against domestic demand had reached its lowest level in 45 years. The report referenced market data shared by Barchart and attributed to Bank of America, indicating…

Oil rises above $75 as U.S. reinstates Hormuz blockade

News

Oil prices moved higher during Monday trading after President Donald Trump announced that the United States would reinstate restrictions targeting Iranian ships and customers entering or leaving through the Strait of Hormuz. West Texas Intermediate…

Hormuz developments lift Brent crude above $90September 2, 2026 - 6:30 am
Iran moves Strait of Hormuz service fee proposal forwardAugust 26, 2026 - 6:30 am

News

Indian Oil raises spot crude buying to record share

Houthi attacks put Saudi oil routes in market focus

U.S. crude supply reaches 45-year low relative to demand

Oil rises above $75 as U.S. reinstates Hormuz blockade

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