Oil prices rose due to escalation between the US and Iran and tensions in Lebanon
Global oil prices showed a significant increase of over 2% amid escalating tensions in relations between the US and Iran,…
crude oil
Oil prices rise due to US strikes near the Strait of Hormuz
West Texas Intermediate (WTI) crude oil prices rose nearly to $92 per barrel on Tuesday amid increased US military activity…
Japanese tanker Idemitsu Maru crossed the Strait of Hormuz and delivered oil
The Japanese oil tanker Idemitsu Maru successfully arrived at the port of Aichi Prefecture, becoming the first Japanese vessel to…
US cancels licenses for the sale of Russian oil due to sanctions
The administration of US President Donald Trump has decided not to renew licenses that allowed temporary operations for the sale…
Production and export of Russian oil sharply declined due to the war in Iran and Ukraine’s strikes
In April 2026, crude oil production in the Russian Federation decreased by 460,000 barrels per day compared to the same…
Russia has reduced oil exports from the port of Novorossiysk and lost millions of dollars
Shipments of crude oil from the Russian port of "Novorossiysk" on the Black Sea saw a significant reduction last week.…
Oil prices rose after Trump rejected Iran’s response to the US deal
On Monday, May 11, global oil prices showed a significant increase amid rising tensions between the US and Iran. The…
Marine Oil Exports from Russia Reached a Monthly High
The Russian Federation has sharply increased marine deliveries of crude oil, reaching the highest level in over a month. This…
US Extends License for Serbian Oil Company NIS Until June 2026
The United States has extended the temporary license for the Serbian oil company NIS, which is under sanctions, until mid-June…
The USA Allows the Sale of Russian Oil Loaded Before April 17, 2026
The United States has issued a new license that permits the supply and sale of crude oil and petroleum products…