At times, things go wrong even when you try with all your might to ensure they are right. It was in the 1970s, that Times Beach, a small town in Missouri, attempted to solve a common problem for dirt roads by spreading residual oil to reduce dust. Years later, it was discovered that some of […]
Gulf drivers enjoy potential fuel savings as OPEC+ announces November oil production boost, sending global prices down over 3% / Illustration generated using AI Good news for Gulf residents! The OPEC+ alliance, which includes key Gulf oil producers like Saudi Arabia, the UAE, and Kuwait, has announced a modest increase in oil production. This move […]
Jaipur, July 14: In response to a decline in crude oil production in recent years, the Rajasthan government has urged oil-producing companies to adopt new technologies to enhance output. Aparna Arora, Additional Chief Secretary (Mines and Petroleum), stated that increasing the refining of the state’s crude oil within Rajasthan would significantly boost value addition and […]
Oil prices soared sharply on Monday as the Middle East was once again embroiled in chaos. Crude prices jumped 4% as fresh military action between Iran and the United States fuelled concerns over the security of the Strait of Hormuz, a key global energy route.As of 7:30 am, Brent crude was up 4.28% at $79.26 […]
Mumbai, July 11: The International Energy Agency (IEA) has reported that global crude oil demand is beginning to recover. In May, oil demand fell to 97.9 million barrels per day, a decrease of 5.3 million barrels per day compared to the previous year. However, the agency estimates that by October, global oil demand will increase […]
According to two US officials, Iran’s military fired at least two missiles at commercial vessels in the Strait of Hormuz on Monday night An oil tanker caught fire after being struck by an “unknown projectile” while transiting the Strait of Hormuz off the coast of Oman, British maritime authorities said on Tuesday, in an incident […]
24 Indian seafarers aboard a vessel reportedly attacked off the coast of Oman (image credit X)) An unladen oil tanker, MT Marivex, with 24 Indian crew members, was disabled and later caught fire in the Gulf of Oman on Monday after a US military action, according to officials.The US military said an F/A-18 Super Hornet […]
A routine shift at a McDonald’s restaurant turned horrific when a 20-year-old employee was doused with scalding hot oil by a co-worker in an unprovoked attack.Jacob Smith remains in ICU more than a week after suffering second-degree burns to his face, neck, arm and back during the incident on 30 May in Yuba City, California. […]
Ukraine drones strike St Petersburg oil terminal Ukraine launched one of its deepest drone strikes inside Russia overnight, targeting energy and military facilities in St Petersburg just as the city prepared to host President Vladimir Putin’s flagship economic forum.Meanwhile, Russian authorities accused Ukraine of carrying out a separate drone strike on a passenger bus in […]
Venezuela has emerged as India’s third-largest crude oil supplier so far in May, overtaking Saudi Arabia and the United States, as Indian refiners increased purchases of cheaper heavy crude amid disruptions linked to the ongoing West Asia conflict.The South American nation supplied around 417,000 barrels per day (bpd) to India this month, sharply higher than […]
