TagsCrude Oil Trade

Tag: Crude Oil Trade

IOC plans to acquire Crude Oil and LPG carriers as West Asia crisis highlights India’s shipping vulnerabilities

Maritime November 11, 2026

NEW DELHI: Indian Oil Corporation (IOC), India's largest oil refining and marketing company, is planning to acquire its own crude oil and liquefied petroleum...

West Asia crisis drives India’s crude oil shipping costs up nearly fivefold; Strait of Hormuz remains in focus

Maritime November 11, 2026

NEW DELHI: The escalating geopolitical crisis in West Asia has significantly disrupted India's crude oil shipping economics, with tanker freight rates on some Gulf-to-India...

Global seaborne crude oil shipments down 16% since start of the Iran war: BIMCO

Fuel April 15, 2026

LONDON: Since the beginning of the Iran war, global seaborne crude oil shipments have fallen 16% compared to the first nine weeks of 2026,...

Ship rates spiking 467% marks upended trade across commodities

Fuel December 5, 2025

LONDON: Rates to ship commodities from energy to bulk ores across the world’s oceans are heading for a rare year-end surge as conflicts, sanctions,...

Israel’s attack on Iran bullish for oil prices but unlikely to last unless exports affected: Report

Economy June 16, 2025

NEW YORK : Israel's airstrikes on Iranian nuclear sites have rattled global energy markets, sending oil prices soaring and raising concerns about wider regional...