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Searched Tag: brent
EU Russia Ban Puts $15 bn India Oil Trade in Danger.

New EU sanctions on Russia put India’s oil trade at risk

July 21, 2025, 04:54 PM - 3 min read

India’s petroleum product exports worth $15 billion to the European Union could be at risk as Brussels tightens sanctions on Russian crude refined in third countries, according to a report by economic think tank Global Trade Research Initiative (GTRI).

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Strait of Hormuz. Image for representative use only.

Iran plans to shut Strait of Hormuz

June 22, 2025, 07:46 PM - 3 min read

Iran's parliament has voted to shut the strategically critical Strait of Hormuz in response to recent United States military attacks on its nuclear facilities, state television Press TV said on Sunday.

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Oil Prices Drop as OPEC+ Plans Output Hike US WTI Down 4 pc.

Brent posts biggest weekly loss in 4 months amid OPEC moves

March 8, 2025, 04:16 PM - 6 min read

Oil prices witnessed significant volatility this past week as Brent crude posted its biggest weekly loss in four months, while US West Texas Intermediate (WTI) recorded a sharp 4 pc decline.

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