Oil trapped in Strait of Hormuz set to surge into Asia, threatening to swamp supplies that offset recent losses
A wave of oil trapped in the Strait of Hormuz is set to be released toward Asia, potentially overwhelming a region that had recently compensated for reduced supply.
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Russia-to-India oil flows hit 2.8 million barrels per day in July, the highest since 2022, The Times of India reports.
Russia's oil deliveries to India reached 2.8 million barrels per day in July, the highest level since 2022, according to The Times of India.
Hungary will shut its sole Paks nuclear power plant on Sunday for the first time, forced offline by record-low water levels on the Danube.
Hungary will shut its sole Paks nuclear power plant on Sunday for the first time, forced offline by record-low water levels on the Danube.
OPEC+ agreed Sunday to raise September oil production cap by 188,000 bpd from August levels following a virtual meeting, per OPEC+ statement.
OPEC+ countries agreed on Sunday to raise the oil production cap in September by 188,000 barrels per day from August levels, according to a statement published after a virtual meeting of OPEC+.
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