A truck drives past an ADNOC Gas a subsidiary of the Abu Dhabi National Oil Company facility in Abu Dhabi on March 3, 2026. Ryan Lim | AFP | Getty Images The United Arab Emirates’ decision to leave OPEC and OPEC+ was based on the country’s economic vision and not on politics, the country’s energy…
Global oil inventories are falling at a record pace to compensate for the big supply disruption in the Middle East and they will approach critical levels if the Strait of Hormuz does not reopen. Higher prices for oil and fuel are likely ahead of peak demand this summer as a consequence, the International Energy Agency…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. For more than two decades, consecutive U.S. administrations have seen India as a counterbalance to China’s growing influence in the Indo-Pacific. But the current U.S…
The Ateela 2 Oil Tanker boat navigates the sea on April 28, 2026 on Qeshm Island, Iran in the Strait of Hormuz. Asghar Besharati | Getty Images Oil rose Thursday as the International Energy Agency flagged greater impending volatility, while OPEC lowered its demand outlook for the year. International benchmark Brent crude futures for July were 0.34% higher…
A pedestrian walks past monitors displaying a figure of the Nikkei 225 Stock Average outside a securities firm on May 07, 2026 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images Asia-Pacific markets traded mixed Tuesday as investors shrugged off fresh doubts over the fragile U.S.-Iran ceasefire after President Donald Trump warned…
In this picture obtained from Iran’s ISNA news agency and taken on May 2, 2026, the Gambia-flagged tanker vessel Bili is pictured anchored in the Strait of Hormuz off Bandar Abbas in southern Iran. (Photo by Amirhossein KHORGOOEI / ISNA / AFP via Getty Images) / Amirhossein Khorgooei | Afp | Getty Images U.S. President…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. Rising incomes and a large population base make India a key market for global consumer-focused companies. But now, celebrity endorsements and wide distribution are not…
Oil/Chemical Tanker “Bald Man” at the Port of Fujairah, as the U.S.-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6, 2026. Amr Alfiky | Reuters Oil prices rose Thursday in volatile trading as investors continue to assess the latest developments in the Middle East amid…
Exxon Mobil CEO Darren Woods warned Friday that the market has not absorbed the full impact of the unprecedented oil supply disruption triggered by the Iran war and the closure of the Strait of Hormuz. The disruption has been mitigated by the large number of loaded oil tankers that were in transit during the first…
United States Marine Corps soldiers seen staged outside of the Federal Building in downtown Los Angeles during the ‘No War On Iran’ protest after conflicts arise with Iran and Israel on June 19, 2025 in Los Angeles, United States. Anadolu | Anadolu | Getty Images Oil prices climbed Friday, a day after a volatile session…
