Keywords: Oil trade
The United Arab Emirates has announced plans to accelerate the construction of a new oil pipeline designed to reduce dependence on the strategically important Strait of Hormuz, a vital maritime route for global energy supplies. Authorities in Abu Dhabi confirmed that the project will help strengthen......
The United States and China have reached a rare point of diplomatic alignment by opposing Iran’s proposed transit charges for ships crossing the Strait of Hormuz. The position was confirmed by the US State Department ahead of a summit between President Donald Trump and Chinese President Xi Jinping,......
The United Arab Emirates has warned it may begin settling oil and gas transactions in Chinese yuan if the United States does not provide a dollar liquidity backstop. The message was delivered during high-level meetings in Washington between the UAE central bank governor Khaled Mohamed Balama, US Treasury......
India has broadened its list of approved Russian marine insurers, allowing more companies to provide coverage for vessels calling at its ports. The move reflects New Delhi’s effort to maintain stable maritime operations while adapting to evolving geopolitical and energy market conditions. According......
Tensions in the Middle East remain high as the United States announced it will continue its maritime restrictions on Iran, even after reports that the Strait of Hormuz has been reopened to commercial shipping under a temporary ceasefire agreement. Iran’s foreign minister stated that the passage......
Indian refiners have reportedly begun settling payments for limited Iranian crude oil shipments using Chinese yuan, channeling transactions through ICICI Bank’s overseas operations, according to sources familiar with the matter. The purchases were made under a temporary United States sanctions......
Australian Prime Minister Anthony Albanese is set to visit Brunei and Malaysia this week as part of efforts to strengthen energy security and secure fuel supplies amid ongoing global disruptions. According to his office, the visit will take place from April 14 to 17 and will include meetings with Brunei’s......
India’s largest state-run refiner, Indian Oil Corporation, has reportedly secured several crude oil cargoes scheduled to be loaded from the Red Sea port of Yanbu, according to industry sources familiar with the matter. The move reflects ongoing adjustments in global energy supply chains as geopolitical......
Nigeria’s non oil exports have climbed to a historic high, underscoring the country’s drive to reduce its long standing dependence on crude revenues and broaden its economic base. According to recent figures released by the Nigerian Export Promotion Council (NEPC), non oil exports reached......
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