Tag - oil

 
 

OIL

Indian Prime Minister Narendra Modi and Chiese President Xi Jinping in 2016. Modi has said he’s looking forward to meeting Xi during a visit China later this month — his first trip to the country in seven years.
ASIA PACIFIC / Politics
Aug 20, 2025
Modi hails China ties as Washington takes swipe at India's 'richest families'
New Delhi has been recalibrating its foreign policy more toward China and other BRICS group members after U.S. President Donald Trump threatened to boost tariffs.
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi during a signing ceremony at the Shanghai Cooperation Organization summit in Qingdao, Shandong Province, China, in 2018.
ASIA PACIFIC / Politics
Aug 19, 2025
Modi hails ‘friend’ Putin and boosts China ties in tilt from U.S.
The move is another sign the South Asian nation is tilting away from the U.S. in the face of Donald Trump’s tariff threats.
A Pertamina fuel storage facility at Tanjung Priok port in Jakarta in 2022
BUSINESS / Companies
Aug 18, 2025
Indonesia’s ‘gasoline godfather’ targeted in $18 billion graft probe
Mohammad Riza Chalid is the most audacious target to date for the current administration, as it reshuffles its energy procurement and attempts to supercharge growth.
Jakarta and Kuala Lumpur have overlapping claims to the continental shelf and exclusive economic zone off the eastern coast of Borneo — known as Ambalat in Indonesia and Sulawesi Sea in Malaysia.
ASIA PACIFIC / Politics
Aug 13, 2025
Indonesia says it will continue talks with Malaysia over disputed sea
The dispute involves overlapping claims to the continental shelf and exclusive economic zone off the eastern coast of Borneo.
A farmer removes weeds from a soybean farm in Nashik, India, on July 28.
BUSINESS / Markets
Aug 12, 2025
India's ethanol drive imperils its push for edible oil self-sufficiency
New Delhi is working to make more ethanol to meet its target of blending 20% of it with gasoline, but the process produces a protein-rich byproduct flooding the animal feed market.
The World Energy refinery in Paramount, California
ENVIRONMENT / Energy
Aug 12, 2025
The airline industry's dirty secret: Clean jet fuel failures
An analysis has found that the airline industry's plans to go green before regulators start penalizing them are little more than a pipe dream.
Wind turbines beyond an array of solar panels on the hillside in the Canical district of Madeira, Portugal, on Feb. 9, 2023. Renewables are now among the cheapest forms of electricity, especially after an energy crunch and the Ukraine war bolstered gas, oil and coal.
ENVIRONMENT / Energy
Aug 11, 2025
Hedge funds flip on green energy and start betting against oil
The outlook for solar and wind stocks is starting to improve.
Oil prices are currently low, but a potential recovery around 2027-2029 is expected as demand growth slows and reduced investment in non-OPEC  production tightens supply.
COMMENTARY / World
Aug 10, 2025
The bullish case for oil is real — but far, far away
With oil benchmarks down almost 20% over the last two years, upbeat investors are, out of necessity, waiting.
Activists stage a demonstration in front of the United Nations Offices in Geneva on Monday.
ENVIRONMENT / Sustainability
Aug 5, 2025
Pressure from oil producers and U.S. threaten global pact on plastics pollution
Plastic production is set to triple by 2060 without intervention, choking oceans, harming human health and accelerating climate change, according to the OECD.
U.S. President Donald Trump (left) and Indian Prime Minister Narendra Modi shake hands at the conclusion of a joint news conference in the White House in Washington on Feb. 13.
WORLD / Politics
Aug 5, 2025
Trump again threatens India with harsh tariffs over Russian oil purchases
A spokesperson for the Indian foreign ministry said in response that India will "take all necessary measures to safeguard its national interests and economic security."
India's Prime Minister Narendra Modi gestures as he addresses a public gathering during the inauguration of various projects on the outskirts of the city of Varanasi, in the Indian state of Uttar Pradesh, on Saturday.
ASIA PACIFIC / Politics
Aug 4, 2025
India to keep buying Russian oil despite Trump's 25% tariff blow
India has become one of U.S. President Donald Trump’s top targets as he looks to pressure Russian President Vladimir Putin to end his war in Ukraine.
A drone view shows the Zubair Oil Field in Basra, Iraq, on January 16.
BUSINESS / Markets
Aug 4, 2025
China's independent oil firms elbow into Iraq's majors-dominated market
Smaller Chinese producers are on track to double their output in Iraq to 500,000 barrels per day by around 2030.
An oil tanker unloads imported crude oil at Qingdao port in China in 2022.
BUSINESS
Jul 2, 2025
Major Chinese ports keep Iranian oil flowing despite sanctions
From January to June, terminals in the port clusters around Qingdao, Dalian and Zhoushan have helped China purchase almost 1.4 million barrels a day of Iranian crude.
U.S. President Donald Trump speaks to the press before boarding Marine One from the South Lawn of the White House in Washington on Tuesday.
WORLD / Politics
Jun 25, 2025
Trump baffles with sudden U-turn on China buying Iranian oil
U.S. Treasury and State department officials handling Iranian oil sanctions were surprised by Trump’s statement and uncertain how to immediately interpret it.
The Strait of Hormuz separating Iran (top) from the United Arab Emirates and Oman (bottom) as seen from the International Space Station in 2021. More than half of the oil imported by East Asia passes through the Strait, experts estimate.
BUSINESS / Economy
Jun 24, 2025
Asian countries most vulnerable to Strait of Hormuz blockade
Japanese customs data showed 95% of crude oil imports last year came from the Middle East.
People attend a protest following U.S. attacks on Iranian nuclear sites, amid the Iran-Israel conflict, in Tehran on Sunday.
BUSINESS / Economy
Jun 23, 2025
U.S. strikes on Iran come at fragile moment for the global economy
The biggest economic impact from a prolonged conflict in the Middle East would likely be felt via surging oil prices.
Protesters, predominantly Houthi supporters, burn Israeli and U.S. flags as they demonstrate in solidarity with Palestinians and Iran, amid the Iran-Israel conflict, in Sanaa, Yemen, on Friday.
BUSINESS / Markets
Jun 23, 2025
How a cornered Iran could wreak havoc on global oil trade
Iran has over the years threatened multiple times to shut the Strait of Hormuz — a narrow stretch of water through which a fifth of the world’s oil supply flows each day.
Smoke rises from an Israeli attack on an oil refinery in Tehran on June 15.
BUSINESS / Markets
Jun 22, 2025
Trump’s airstrikes on Iran leave oil market poised for surge
A recent rise in the price of oil is expected to restart on Monday after the U.S. assault dramatically raised the stakes in a region that accounts for a third of global oil output.
Friday's gains were the largest intraday moves for oil futures since 2022 after Russia invaded Ukraine, causing energy prices to spike.
BUSINESS
Jun 13, 2025
Oil soars more than 9% after Israel strikes Iran, rattling investors
Friday's gains were the largest intraday moves for oil futures since 2022 after Russia invaded Ukraine, causing energy prices to spike.
The Eagle S oil tanker is seen near a Finnish border guard ship and tugboat off the Porkkalanniemi Peninsula in the Gulf of Finland in December. Finland seized the Russian-linked vessel on suspicion it damaged undersea cables amid growing concerns over sanctions evasion and maritime security.
COMMENTARY / World
Jun 2, 2025
Braving the storm: It’s time to board Russia’s shadow fleet
European sanctions against the Kremlin’s oil vessels are futile without actual enforcement.

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Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past