- — India’s oil and gas crisis is a wake-up call for transport electrification
![[*]](img/ib-star_nm.png "mark favorite")
![[+]](img/ib-marked_nm.png "mark as new")
![[-]](img/ib-markold_nm.png "mark older as read")
![[x]](img/ib-delete_nm.png "delete article")
![[A+]](img/ib-fontbg_nm.png "larger font")
![[a-]](img/ib-fontsm_nm.png "smaller font")
![[l]](img/ib-link_nm.png "direct link")
at 4/17/26 3:00pmThe conflict in West Asia has once again exposed India’s vulnerability in securing oil and gas supplies. As the world’s third-largest crude oil consumer, India imports nearly 85% of its crude, and prior to the US-Iran war, 45% of those imports transited the Strait of Hormuz. When that chokepoint closed, the consequences were immediate. A ...- — Energy market defined by “striking contradiction”, according to latest Willis Energy Market Review
- at 4/17/26 3:00pmDespite mounting loss activity, rising social inflation and geopolitical volatility, the energy insurance market remains deeply soft, with abundant capacity, intense competition and continued downward pressure on rates, according to the Energy Market Review published today by Willis, a WTW business WTW. Upstream capacity has reached record levels of over $10 billion with further growth ...
- — Oil prices crater below $90 after Iran, U.S. say Strait of Hormuz temporarily open
- at 4/17/26 3:00pmOil prices tumbled below $90 a barrel on Friday after Iran and the U.S. declared the Strait of Hormuz temporarily open, removing constraints on a critical shipping bottleneck that have sparked worries over a widespread inflation spike. Investors were also assessing a media report which said the U.S. was considering a $20 billion cash-for-uranium deal ...
- — Trump’s ‘fossil fuelled war’ is the perfect opportunity to end reliance on oil and gas, experts say
- at 4/17/26 3:00pmExperts are calling on governments to ‘reduce the risk of every fossil fuel disruption turning into a global energy and economic shock’. European leaders could rewrite history at high stakes meetings in the next few weeks. During a time of massive geopolitical tension, governments will meet to discuss how to transition away from fossil fuels ...
- — The EU has cut its greenhouse gas emissions by 40% since 1990
-
![[-]](img/ib-mark_nm.png "mark as read")
at 4/17/26 3:00pmThe European Unions greenhouse gas emissions fell a further 3% between 2023 and 2024, bringing the EU’s total emission reductions to 40% below 1990 levels, according to official EU data sent to the United Nations Framework Convention on Climate Change (UNFCCC) and a European Environment Agency (EEA) analysis published today. The EU greenhouse gas inventory ... - — Oil prices hover below $100 a barrel amid hopes for Middle East peace progress
- at 4/17/26 4:00amOil prices fell on Friday after U.S. President Donald Trump suggested that negotiations between Washington and Tehran may resume this weekend, as a fragile ceasefire between Israel and Lebanon appeared to be holding. Brent oil futures declined 2.0% to $97.36 a barrel, while West Texas Intermediate crude futures dropped 2.6% to $92.19 a barrel by ...
- — US fuel supply increases in April
- at 4/17/26 4:00amThe US has supplied 15% more fuel oil per day on average in April compared to March, according to the Energy Information Administration (EIA). Changes in monthly US residual fuel oil from March to April: Production up 5,000 b/d to 309,000 b/d Supply up 44,000 b/d to 342,000 b/d Imports up 51,000 b/d to 178,000 ...
- — What’s in your gasoline? Understanding U.S. motor gasoline formulations
- at 4/17/26 4:00amMotor gasoline in the United States is a blend of hydrocarbons and chemicals, with specific formulas varying by region and season. To meet federal air quality standards, the U.S. Environmental Protection Agency (EPA) and state regulators require different formulations, depending on air quality and location, which affect performance, cost, and emissions. In addition, warmer summer ...
- — India’s LPG shortfall spurs push for storage growth, supply diversification
- at 4/17/26 4:00amIndia is accelerating plans to build strategic LPG storage and expand its stockholding strategy beyond crude oil, as the war in the Middle East highlights supply vulnerabilities in a market reliant on the region for imports, government, industry sources and analysts said April 16. Although opportunities to increase domestic LPG production in the near term ...
- — Tax oil companies’ windfall profits, says European civil society
- at 4/16/26 3:00pmEuropean NGOs call on Ursula von der Leyen to tax excess oil profits to support vulnerable households, industry and the clean energy transition. A group of 31 European NGOs, including Oxfam, WWF, CAN Europe and TE, have called on the EU to tax excess oil profits to support Europeans in the crisis. In a letter, ...
- — Pakistan launches output from largest-ever oil and gas well, eyes $329 million annual savings
- at 4/16/26 3:00pmPakistan on Wednesday launched commercial production from the largest-ever oil and gas discovery from a single well in its history, according to a statement, with the Baragzai X-01 well expected to generate around $329 million in annual foreign exchange savings by cutting reliance on imported fuels. The country relies heavily on imported energy, with oil ...
- — Running out of barrels: cumulative oil losses reach 430 mbbls
- at 4/16/26 3:00pmCumulative crude and condensate supply losses in the Middle East have reached 430 mbbls, with a recent acceleration driven by Saudi Arabia, where crude supply has fallen to around 6 Mbd, underscoring the severity of ongoing disruptions in the region. Cumulative Middle Eastern supply outages have reached 430 Mbbl as of 10 April, with disruptions ...
- — Argentina on track to produce 1 million b/d of crude in 2026 and keep growing
- at 4/16/26 3:00pmArgentina is on track to produce 1 million b/d of oil this year and sustain rapid growth as more companies apply for federal tax incentives to develop large upstream projects in the Vaca Muerta shale play, Deputy Energy Minister Daniel González said April 14. I think that we are going to touch 1 million barrels ...
- — The Commodities Feed: Oil trades lower on de-escalation hopes
- at 4/16/26 4:00amEnergy- US oil exports jump to record levels The oil market continues to edge lower amid hopes that the US and Iran extend their ceasefire by another 2 weeks, along with a potential resumption in talks to bring an end to the war. However, the physical market is becoming tighter every day that passes without ...
- — The big chart: Where does the world’s oil come from?
- at 4/16/26 4:00amIn 2025, around 20 million barrels per day (mb/d) of crude oil and oil products were passed through the Strait of Hormuz, off the southern coast of Iran, according to the International Energy Agency (IEA) accounting for around 25% of the worlds seaborne oil trade. Most of this oil heads to Asia, with China, ...
- — Technology to be integral part of shale development in US
- at 4/16/26 4:00amTechnology will continue to play a pivotal role in the US multibillion-dollar shale plays, as operators focus on increasing efficiencies and lowering well-drilling and completion costs rather than adding new barrels even as output starts to plateau, operators said late March 24. If you look back at history, even in the Permian Basin, ...
- — TTF Prices Hover Near 6-Week Lows
- at 4/16/26 4:00amEuropean natural gas futures steadied near €41 per MMBtu on Thursday but remained close to their lowest level in over six weeks as markets weighed prospects for an extension of the US-Iran ceasefire. Reports suggest both countries have been in indirect talks aimed at extending the two-week ceasefire beyond its expiry on April 22 to ...
- — Platts changes maximum incrementability for Asia crude, fuel oil, bunker MOC bids, offers for April 15
- at 4/15/26 3:00pmDue to the high volatility in crude and refined products futures markets, the maximum incrementability has been amended for eWindow markets for the following. This amendment applies to the Platts Market on Close Assessment process for April 15 only. Platts Crude: Platts increases maximum incrementability for partials to 10 cents/b per 5 seconds Platts Crude: ...
- — US Crude Oil Stocks Unexpectedly Fall: EIA
- at 4/15/26 3:00pmUS crude inventories fell by 913,000 barrels to 463.8 million in the week ended April 10, defying expectations for a 200,000 barrel increase. Stocks at the Cushing Oklahoma hub dropped by 1.7 million barrels, marking the largest decline since January 2025. Refinery activity softened, with crude runs down by 208,000 barrels per day and utilization ...
- — Trump renews criticism of UK, saying it should ‘drill, baby, drill’ for North Sea oil
- at 4/15/26 3:00pmU.S. President Donald Trump has renewed his criticism of Britain’s energy policy, deriding the ruling center-left Labour government’s decision to ban licenses for new oil and gas fields in the North Sea. “Europe is desperate for Energy, and yet the United Kingdom refuses to open North Sea Oil, one of the greatest fields in the ...
- — Kang Hoon-sik secures Qatar energy pledges and launches Korea investment talks
- at 4/15/26 3:00pmThere was a report that Qatar declared an LNG moratorium and could not keep its (supply) promise. The final layover was Qatar, and they said a cease-fire was reached the morning after we arrived. Since we were there, we thought we should also hold talks with Qatar. With active cooperation from the Ministry of Foreign ...
As of 4/18/26 2:59pm. Last new 4/17/26 3:56pm.
- Next feed in category: Shipping news - World Economy