OPEC+ Raises Oil Quotas for the Third Consecutive Time Amid UAE Exit and Hormuz Restrictions
Seven countries within the OPEC+ alliance will increase their targeted oil production levels by 188,000 barrels per day in June.…
Hormuz Strait
India Resumes Import of Iranian Oil Amid Hormuz Strait Blockade
India has resumed the purchase of Iranian oil after a multi-year hiatus, occurring against the backdrop of escalating tensions in…
Saudi Arabia Changes Oil Export Routes Due to Threat of Hormuz Strait Blockade
Saudi Arabia is redirecting part of its oil supplies to the Yanbu port on the Red Sea, offering long-term customers…