Crude Oil

Oil Prices Surge Despite Record Reserves Release Amid Iran War

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The image captures rising oil prices, with black barrels, Iranian and American flags, and a fiery backdrop, symbolizing the geopolitical tensions fueling market instability.

Oil Prices Surge Despite Record Reserves Release Amid Iran War Oil prices have surged sharply on Thursday, despite a coordinated effort by major countries to release a record amount of oil from their emergency reserves. The International Energy Agency (IEA) who represents 32 nations has announced the plans to release 400 million barrels of oil … Read more

US Grants 30-Day Waiver for India to Buy Russian Oil

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The Image shows Scott Bessent, US Treasury Secretary, attending an official meeting as the United States announces a temporary waiver allowing India to purchase Russian oil amid global energy supply concerns.

US Grants 30-Day Waiver for India to Buy Russian Oil The United States has issued a temporary 30-day waiver that allows India to purchase Russian oil cargoes that are currently stranded at sea. This move aims to ease immediate pressure on global energy supplies amid ongoing geopolitical tensions. While announcing the decision, US Treasury Secretary … Read more