Crude oil to trade with upside bias; Brent may hit $90-$95/bbl in near-term

Global crude oil prices rose sharply by 5.9 per cent over the past month crossing the…

Saudi Aramco reports 24.7 percent drop in profits for 2023, CEO says Red Sea is an issue

Saudi Aramco on Sunday reported a 24.7 percent decline in profits in 2023 compared to the…

Ships Entering Yemeni Waters Must Obtain Permit: Houthi Minister

Ships will have to obtain a permit from Yemen’s Houthi-controlled waters, Houthi minister said. Cairo: Ships…

US Conducts 5 “Self-Defence” Strikes On Houthi Weapons Systems In Red Sea

Red Sea attacks have raised insurance premiums for shipping companies. (Representational) Washington: US forces in the…

Oil rises for third straight day on large US fuel draws; Brent at $79/bbl

Brent crude futures rose 45 cents to $79.04 a barrel, while US West Texas Intermediate crude…

US President Joe Biden calls Israeli PM Netanyahu ‘Bad fucking guy’: Report

US President Joe Biden is “deeply suspicious” of Israeli PM Netanyahu and has referred to him…

Houthis vow response after airstrikes by US, UK: ‘These attacks will not…’

Yemen’s Huthis on February 4 pledged to respond, saying the US and British air strikes “will…

Red Sea attacks, rising freight rates drive shift in oil supply patterns

A slump in tanker traffic through the Suez Canal is spurring the beginnings of a split,…

Yemen’s Houthis Say They Targeted British Merchant Vessel In Red Sea

The Iran-aligned Houthi militants have launched missiles at commercial vessels since November 19. Sanaa: Yemen’s Houthis…

Red Sea Route Accounts for 50% Country’s Exports, 30% of Imports: Report – News18

India imports 30 per cent of DAP from Saudi Arabia, 60 per cent of rock phosphate…