Why the Next Billion Barrels of Oil Demand Could Come From Storage
The closure of the Strait of Hormuz and the stranding of more than 10 million barrels per day…
India Orders Major Strategic Oil Reserve Expansion After Supply Crisis
India’s government has asked state-owned Oil and Natural Gas Corp (ONGC) to build and fill a new site…
Rotterdam’s Growing Oil Storage Fraud Problem Is Costing Traders Millions
The port of Rotterdam has seen, in recent years, increasingly sophisticated attempts by fraudsters to scam millions of…
Kuwait considers new oil storage hubs amid Gulf shipping crisis
(Bloomberg) – Kuwait will consider increasing oil storage abroad to boost its ability to supply global markets after…
Iran oil tanks on cusp of being full? Why Tehran can’t just turn it off
As tensions in the Persian Gulf escalate, a less visible but critical crisis is building beneath the surface…
Floating Oil Storage Surge Puts Market Balance on Edge
A shadow fleet is quietly swelling across the world’s oceans, packed with sanctioned barrels from Russia, Iran, and…
Iran’s Crude Builds as Tankers Drift in Limbo
President Trump’s return to the Oval Office saw US authorities sanction Iranian traders, middlemen and infrastructure with fervent…
India Eyes New Sites to Boost Strategic Oil Reserves
India, the world’s third-largest crude oil importer, which depends on imports for about 85% of its daily consumption,…
Oil Set for Weekly Dip on OPEC+ Output Plans
By Irina Slav – May 23, 2025, 1:24 AM CDT
Oil prices are expected to fall for…