Topic
Oil Imports
21 stories related to this topic, newest first.
freepressjournal.inbusiness11 days ago
India Plans Stake Sales in Eight State Firms After Oil-Price Spike from Iran War
India is speeding up plans to sell stakes in eight state-owned companies, including major insurers and banks, to raise billions of dollars. The sales aim to cover higher energy import bills after supply disruptions from the Iran war.
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investopedia.comfinance21 days ago
China Refining Falls to Four-Year Low in May as Imports Drop and Stocks Are Drawn Down
Processing reached 54 million tonnes while imports dropped to 33 million tonnes. The declines followed disruptions in the Strait of Hormuz and drew down inventories by 2 million tonnes.
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Japan Timesfinance32 days ago
Japan to Match Prior-Year Crude Imports in July
Prime Minister Sanae Takaichi said Japan will import the same volume of crude oil in July as it did a year earlier. The country has diversified its supply sources away from the Middle East.
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Japan Timesworld32 days ago
Japan to Import Same Volume of Crude Oil in July 2026 as in July 2025
Prime Minister Sanae Takaichi said Japan secured the same volume of crude oil imports for July 2026 as the prior year. She credited diversification away from the Middle East.
rediff.comfinance38 days ago
India Launches E85 Fuel Blend in New Delhi
India introduced an 85 percent ethanol fuel on Friday as part of efforts to lower crude oil imports. The launch took place at a ceremony attended by the petroleum minister.
azernews.azfinance38 days ago
Spain Crude Oil Imports Rise 15.8 Percent Year-Over-Year in April
Spain imported 5.6 million tonnes of crude oil in April, a 15.8 percent increase from the same month last year. The data were released by CORES.
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rte.iefinance53 days ago
China Cuts Oil Imports by One Quarter Since Pre-War Levels
Chinese oil imports have fallen sharply since the start of the war. Available data do not fully explain the scale of the reduction.
JA
ibtimes.co.ukpolitics58 days ago
U.S. Senators Urge Administration Not to Extend Russian Oil Sanctions Waiver
Two senators sent a letter to the Trump administration opposing any extension of a sanctions waiver that allows imports of Russian oil into countries that purchase it. The waiver, first issued under the former Biden administration, is set to expire soon. The senators argued that…
world59 days ago
Cuba Urged US to Lift Oil Embargo
Cuba's president has called on the United States to end its restrictions on oil shipments entering the country. The United Nations has warned that the humanitarian situation is worsening as the energy crisis deepens. The development was reported by Al Jazeera.
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thehindu.comfinance61 days ago
US Imports of Venezuelan Crude Oil Reach 7.5-Year High
US imports of Venezuelan crude oil rose to a 7.5-year high last week. The increase elevated Venezuela to the second-largest source of US crude imports, behind only Canada. The data reflect a shift in sourcing patterns for American refiners.
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world63 days ago
Last Middle Eastern Oil Tanker Delivers Final Shipment to California
A supertanker docked in Long Beach and delivered California’s last incoming shipment of Middle Eastern oil. California drivers are paying the nation’s highest fuel prices as the milestone arrives. The delivery marks the end of a long-standing supply chain for the state.
Substrate placeholder — needs reviewpolitics63 days ago
Modi Calls for Reduced Fuel Use and Gold Imports
Prime Minister Narendra Modi called on citizens to adopt austerity measures to conserve fuel and foreign exchange as the Iran war disrupts global oil supplies. Speaking in Hyderabad, he framed responsible daily choices as a form of patriotism. The appeal comes as India's rupee hi…
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Japan Timesworld64 days ago
15 Tankers from Middle East and North Africa Still Heading to Japan, Avoiding Strait of Hormuz
Japan is rerouting tankers from the Middle East and seeking new procurement sources in the United States and Russia amid an ongoing effective blockade of the Strait of Hormuz. As of 8 a.m. Tuesday, 15 tankers from the Middle East and North Africa were heading for Japan, according…
abcnews.go.compolitics69 days ago
Oil Tanker Arrives in Long Beach as Three Refineries Shut Down
The last oil tanker from the Middle East arrived in Long Beach on Monday amid California's ongoing oil supply challenges. President Trump signed an executive order to restart a Santa Barbara pipeline, prompting a state lawsuit and court injunction. Gas prices in the state average…
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Rapplerfinance70 days ago
Asia Grapples with Economic Effects of Energy Crisis from Iran War
Governments in Asia are seeking alternative energy sources and implementing measures to mitigate the impacts of the energy crisis triggered by the Iran war. The Asian Development Bank has lowered its growth forecasts for the region. Currency depreciations and rising fiscal strain…
upi.comworld70 days ago
Japan's Strait of Hormuz Oil Imports Paused, Government Confirms Naphtha Supply Stability
Japan's oil imports through the Strait of Hormuz have stopped, prompting concerns over petroleum-derived naphtha supplies across industries. Worries are particularly high in agriculture and food packaging sectors. Prime Minister Sanae Takaichi stated that polyethylene supplies re…
New York Postworld71 days ago
California Faces Oil Supply Challenges Amid Iran War and Local Production Phase-Out
California has received its last shipment of Middle Eastern oil since the start of the Iran War, arriving at the Port of Long Beach. The state relies on imports due to policies phasing out local oil production. Gas prices may rise further as a result.
abcnews.go.comfinance71 days agoUpdated
Oil Tanker Arrives in California
The final oil tanker to navigate the Strait of Hormuz since the start of the U.S.-Iran conflict has docked at the Port of Long Beach, delivering two million barrels. California faces potential fuel shortages as Middle East imports halt, prompting lawmakers to demand an emergency…
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insurancejournal.comworld78 days ago
U.S. Ships 910,000 Barrels of Texas Crude to Japan via Panama Canal
Japan typically imports 90% of its oil from the Middle East, but disruptions attributed to Iran prompted an alternative shipment. The U.S. sent 910,000 barrels of Texas crude by sea, routing around the Panama Canal to avoid the Strait of Hormuz. This move bypasses a key chokepoin…
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Substrate placeholder — needs reviewfinance83 days ago
South Korea Mandates Weekly Driving Ban for Government Workers Amid Middle East Fuel Disruptions
South Korea has implemented measures to conserve fuel, including driving restrictions for government employees and calls for reduced energy use among residents, as oil imports from the Gulf region falter. European nations face jet fuel shortages due to the Strait of Hormuz closur…
Substrate placeholder — needs reviewworld92 days ago
US Official Highlights Oil Import Dependence of Japan and South Korea on Strait
A US official stated that Japan imports about 93% of its oil through a critical strait, while South Korea imports roughly 45%. The official noted the presence of approximately 45,000 US troops in Japan and 50,000 in South Korea for protection. The remarks addressed the contributi…
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