Global Oil Supply

US Secretary - (Web Desk) - US Secretary of State Marco Rubio spoke on Thursday about the Strait of Hormuz. He said every G7 country has a reason to push for its reopening. Iran has been blocking the strait and it is hurting the global…

Moscow - (Web Desk) - Asian countries including Vietnam, Thailand, the Philippines, Indonesia and Sri Lanka are now rushing to buy Russian oil. The reason is simple. The ongoing war involving Iran has blocked a major oil supply route, and…

Qatar - (Web Desk) - Tension in the Gulf is rising fast, and energy markets are feeling the pressure. Saad al‑Kaabi, Qatar’s energy minister, warned that the growing conflict with Iran could force Gulf countries to stop oil exports within a…