Keywords: Oil imports
India's fuel consumption climbed to its highest level in four months during July, reflecting resilient domestic energy demand despite mixed performance across individual petroleum products. New data released by the country's Petroleum Planning and Analysis Cell (PPAC) showed total fuel consumption......
Syria has indicated that it is prepared to significantly reduce its dependence on Russian oil imports as part of ongoing discussions with the United States over the possible removal of a major remaining sanctions designation, according to sources familiar with the negotiations. The potential shift would......
India's state-owned Mangalore Refinery and Petrochemicals Ltd (MRPL) has revised its crude procurement strategy by requesting suppliers to avoid transporting oil through the Red Sea and the Strait of Hormuz, reflecting growing concerns over the security of two of the world's most critical maritime......
Morocco has recently expanded the diversification of its energy supply sources, with new data indicating a growing role for Georgian petroleum products in its import portfolio, highlighting broader shifts in global energy trade routes. According to official Georgian statistics, Morocco ranked seventh......
Venezuela’s crude oil and fuel exports climbed to 1.25 million barrels per day in May, marking a third consecutive monthly increase. The growth reflects a steady recovery in the country’s energy sector as international buyers expand purchases of Venezuelan crude despite ongoing political......
Thailand announced Saturday it has reached an agreement with Iran allowing Thai oil tankers to transit safely through the Strait of Hormuz, a rare diplomatic breakthrough as the strategic waterway remains virtually closed to commercial shipping amid the ongoing war between the United States, Israel and......
Escalating conflict in the Middle East could reduce economic output across Asia Pacific by up to 3 percent in a prolonged war scenario, according to a new assessment by Moody’s Analytics. The report projects regional growth slowing to 4 percent in 2026 from 4.3 percent in 2025, with further moderation......
Several tankers carrying Russian crude originally bound for China have changed course mid-voyage and are now heading to India, as Indian refiners take advantage of a temporary US sanctions waiver to secure discounted supplies amid a global energy crisis. The Aframax tanker Aqua Titan, loaded with Urals......
China is drawing on years of strategic preparation to cushion the impact of escalating disruptions to global oil flows, as military tensions involving Iran enter a third week. As the world’s largest oil importer, Beijing has relied on large crude stockpiles, alternative shipping routes, and rapid......
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