Crude Oil
Global shipping stocks hit records: Torm, Hafnia rally as Hormuz disruptions lift freight rates
Shipping stocks hit record highs as Middle East tensions disrupted key routes, lifted tanker freight rates and increased oil transportation costs. Tanker companies and shipping funds rallied while attacks near the Strait of Hormuz tightened vessel availability and added a premium to crude shipments.
2 min read12 Oct 2026China is now the world’s great oil power
Forget OPEC. The Chinese Communist Party calls the shots
6 min read9 Oct 2026Mint Quick Edit | The Mecca alliance versus Iran-backed Houthis: Will it escalate conflict?
Pakistan and Türkiye acting in defence of Saudi Arabia could broaden West Asia’s theatre of war. How this works out for the global oil market may depend on how Iran reacts to the trilateral Mecca pact’s all-for-one clause being invoked.
2 min read7 Oct 2026Petrol and diesel prices today, October 7: How much does fuel cost in Delhi, Mumbai, Bengaluru
Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels.
3 min read7 Oct 2026Oil is flowing from Hormuz again—just not the kind the world needs most
The scramble is on for diesel, while damaged refineries and tight fuel supplies keep prices elevated around the world.
3 min read6 Oct 2026Ecuador in talks with India for sale of crude oil, critical minerals, copper: ambassador Buchelli
India has been increasing crude oil imports from South American countries as it looks to diversify its energy purchases beyond war-stricken West Asia.
5 min read6 Oct 2026Mint Quick Edit | If barrels of oil are flowing freely from West Asia again, shouldn’t prices soften?
Despite data showing high volumes of crude oil flowing from West Asia, thanks to pipelines that bypass the Strait of Hormuz, global prices remain in shock. What explains this and when can oil importers like India expect relief?
1 min read6 Oct 2026Why Oil Is Still Stuck Near $100 a Barrel
Hundred-dollar oil is hard to leave behind.
3 min read4 Oct 2026Diesel Diplomacy! Trump says Europe will release ‘massive amount’ of diesel as China cuts fuel exports
Trump says Europe will release diesel reserves as China restricts fuel exports, adding pressure to a global market already facing supply disruptions.
4 min read2 Oct 2026Trump weighs diesel export ban; Macron rallies G7 leaders over surging energy prices — inside transatlantic energy clash
French President Emmanuel Macron plans a G7 leaders’ call on surging fuel prices as the US pressures European allies to release emergency diesel stocks. France has urged coordinated action without export curbs, while EU countries weigh releasing additional diesel and crude reserves.
2 min read2 Oct 2026Wait for it…
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