-
Deja vu for India trade as Iran attacks threaten exports, crude oil imports
01 Mar 2026 00:19 GMT
… put India's exports and oil imports into a disarray … of Africa significantly increases fuel consumption and labour costs. … approximately 65% of its crude oil through the Suez Canal … , chairman of the Apparel Export Promotion Council, expressed “grave …
-
Gulf Conflict Raises Oil Price and Hormuz Shipping Risk
01 Mar 2026 06:05 GMT
… 90% of Iran’s crude oil exports typically pass. However, … nearly 20 million barrels of crude oil and refined products pass each … the world’s largest oil exporter, has increased shipments in … is also expected that OPEC+ (OPEC countries and allies, including …
-
OPEC+ prepares for a massive increase in oil production due to the war between the US and Iran
01 Mar 2026 05:26 GMT
… facilities, OPEC+ countries are considering an emergency expansion of oil production to … the initial 137,000 barrels per day, OPEC+ participants may agree to … of Brent crude has already exceeded $73 per barrel, the largest exporters are …
-
Iran crisis leaves Korea’s oil, gas supplies unthreatened — for now
01 Mar 2026 07:13 GMT
… crisis unfolds.
An oil tanker transfers crude to a buoy for … of Korea National Oil Corp.
“Korea’s total exports to the Middle … percent of the country’s crude oil imports come from the region … is Korea’s largest nonregional crude supplier, followed by Russia, …
-
OPEC+ mulls oil production increase in shadow of war
01 Mar 2026 04:25 GMT
… Organization of the Petroleum Exporting Countries and allied nations (OPEC+) known as the … .
Brent, the global benchmark for crude oil, jumped more than three percent … which around 20 million barrels of crude pass each day -- around …
-
‘Could have serious consequences:' Tensions in Iran Could Affect Oil Prices, Experts Say
01 Mar 2026 05:34 GMT
… fourth-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), and … to 3 to 4 million barrels of oil very easily,” he said … takes time for crude oil to move through refineries and into gasoline supplies …
-
Trump Touts Surge in Venezuela Crude Oil
01 Mar 2026 07:04 GMT
… a dramatic surge in crude oil exports from Venezuela on Friday, … export figures he described as rising by hundreds of thousands of barrels … "Think 80 million barrels of oil. Think of what that … fact, 360,000 barrels of Venezuelan crude are right now …
-
OPEC Plus may hike output, says report
01 Mar 2026 06:05 GMT
… members of OPEC+, which groups the Organization of the Petroleum Exporting Countries and … Strait of Hormuz. Oil hit $73 a barrel on Friday, the … of 137,000 barrels per day in oil output for April … driving season, and as crude prices had already risen on …
-
Iran blocks Strait of Hormuz: What it means for global oil and China's energy security
01 Mar 2026 05:49 GMT
… . Around 20 million barrels per day of crude and refined products move through … days of net imports of crude oil and refined products in strategic reserves … closely matched Venezuela’s average crude exports to China in 2025, suggesting …
-
Israel-Iran war to oil prices: Top 5 triggers likely to dictate stock market
01 Mar 2026 04:25 GMT
… IT companies and select export-oriented businesses may find relative … missiles were intercepted.
2] Crude Oil Prices
Market experts believe … the global supply of crude oil and send prices soaring … India’s total crude oil imports (2.6 million barrels per day) …