India is actively considering raising its strategic petroleum reserves, according to reports citing the Indian Foreign Minister
India's consideration to raise its strategic petroleum reserves signals a proactive approach to energy security, particularly amid fluctuating global supply dynamics.
Russian President Putin is to hold a call with Saudi Crown Prince MBS, Tass reports
Indonesia Finance Minister Purbaya says Indonesia is on track to hit 6% GDP growth in 2026; says Trump is unlikely to allow high oil prices over the long term
India is actively considering raising its strategic petroleum reserves, according to reports citing the Indian Foreign Minister
Transocean (RIG) awarded USD 1.0bln in contracts for three rigs and retires USD 358mln of senior secured notes
Iranian General Hatami says "If the enemy tries to carry out ground operations, not a single person should survive", ISNA reports
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This move could bolster demand for crude oil in the near term, influencing prices, especially if it points to a long-term strategy of enhanced reserves amid geopolitical tensions.
Related headlines
- Iraq reportedly seeks significant output quota increase during OPEC+ audits, wanting to target 6mln bbls/day, Bloomberg reports2 hours ago
- Qatar Interior Ministry says civil defence brought a fire on an oil tanker at the Al Wakra port under control and there were no injuries2 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 1.55 HIGHER AT USD 93.03/BBL12 hours ago
- Stocks of crude oil in the US SPR fell by about 1.2mln barrels to 285.4mln barrels last week, lowest since 198215 hours ago
- Germany's Economy Minister says German gas storage levels are in the range of 60-70% at the start of winter; there are import options, which are sufficient enough to meet expected winter demand17 hours ago
- HSBC raises its H2'26 Dutch TTF gas price forecast to USD 22.5/MMBtu and its 2027 forecast to USD 17/MMBtu20 hours ago
- UK government says a general licence will enable the continued operation of Azerbaijan’s Shah Deniz gas field20 hours ago
- Iraqi Oil Minister says the Basra-Baniyas pipeline is under negotiation with US and Qatari companies21 hours ago
- Iraqi Oil Minister says they will soon announce refinery development and construction opportunities for investors22 hours ago
- Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations 1 day ago
- US President Trump posts: "Oil prices will drop precipitously, like everything else is dropping (but more!), when we WIN the war with Iran. Three Dollars a gallon, but ultimately, below Two Dollars a gallon. It will all happen quickly"1 day ago
- Germany said to discuss gas storage help with SEFE and Uniper (UN0 GY)1 day ago
- Qatar LNG vessel closes in on Strait of Hormuz for exit, according to reports, citing data1 day ago
- Saudi Aramco Jizan oil facilities were reportedly hit in new strikes, the FT reports citing sources; hit on Monday, damage is being assessed1 day ago
- CRUDE WRAP: WTI (V6) SETTLES USD 0.18 HIGHER AT USD 91.48/BBL; BRENT (X6) SETLES USD 0.76 HIGHER AT USD 96.28/BBL4 days ago
- [MARKET UPDATE] Energy benchmarks continue to bid higher, Brent X26 extending above USD 95/bbl while WTI V26 nears USD 91/bbl; follows unconfirmed social media reports of a missile fired from Iran (REMAINS UNCONFIRMED)4 days ago
- Iraq's oil ministry says August crude exports reached around 70mln barrels4 days ago
- Citadel reportedly looking to buy US Shale oil production assets, according to sources4 days ago
- The Times reports that "Rosebank is very unlikely to be approved", government sources say4 days ago
- Iranian Oil Minister says Tehran is trying to completely bypass the blockade and when it is lifted, oil will be transferred to the other side of the Sea of Oman4 days ago
The whole workspace, free to try.
Try it free