global oil market Archives

May 23, 2026 by: web admin

Venezuela Emerges as India’s Oil Safety Net Amid Hormuz Crisis

News Desk: As tensions escalate around the strategically vital Strait of Hormuz, India is rapidly reshaping its energy strategy to avoid overdependence on volatile Middle …

May 16, 2026 by: web admin

UAE’s ADNOC Expands India Oil Storage with 30 Million Barrel Deal

India and the UAE (ADNOC) have signed a major energy agreement allowing Abu Dhabi to store up to 30 million barrels of crude oil in India’s strategic petroleum reserves, boosting energy security amid global market uncertainty.

March 11, 2026March 12, 2026 by: web admin

IEA Plans Record Release of 400 Million Barrels from Emergency Oil Reserves Amid West Asia Tensions

The International Energy Agency (IEA) plans a record release of 400 million barrels from emergency oil reserves to stabilise global energy markets amid escalating tensions in West Asia.

March 11, 2026 by: web admin

Trump Announces First New U.S. Oil Refinery in 50 Years; Reliance Industries Backs $300 Billion Project

US President Donald Trump announces the first new American oil refinery in 50 years at Brownsville, Texas, backed by Reliance Industries in a historic $300 billion energy project.

March 4, 2026March 4, 2026 by: web admin

Russia Ready to Divert Crude to India as Middle East Tensions Threaten Oil Supplies

Russia is ready to divert about 9.5 million barrels of crude oil to India to offset potential Middle East supply disruptions, with tankers near Indian waters capable of delivering cargo within weeks.

February 19, 2026February 19, 2026 by: web admin

Russia Rejects US Claim That India Will Stop Buying Russian Oil

Russia has dismissed US claims that India agreed to halt Russian crude imports, saying there is no evidence New Delhi has changed its energy policy.

World-Renowned Classical Vocalist Pandit Ajoy Chakrabarty to Mesmerize Bokaro Audience

World-Renowned Classical Vocalist Pandit Ajoy Chakrabarty to Mesmerize Bokaro Audience

Tag: global oil market

Venezuela Emerges as India’s Oil Safety Net Amid Hormuz Crisis

UAE’s ADNOC Expands India Oil Storage with 30 Million Barrel Deal

IEA Plans Record Release of 400 Million Barrels from Emergency Oil Reserves Amid West Asia Tensions

Trump Announces First New U.S. Oil Refinery in 50 Years; Reliance Industries Backs $300 Billion Project

Russia Ready to Divert Crude to India as Middle East Tensions Threaten Oil Supplies

Russia Rejects US Claim That India Will Stop Buying Russian Oil