Iran war, weak yen make Japan’s crude import troublesome affair
Japan, the world's fifth-largest oil importer, got just 850,000 bpd of crude oil in April, against the established capacity of over 2.3 million bpd...
Tag : Iran War
Iran effect looms on Toyota as automaker records sales slump
Despite weathering the Iran war better than its global peers, Toyota still witnessed more than 90% export slump in the Middle East...
Uptick in LNG investments, gloom for oil: Key points from IEA report
IEA sees investments worth USD 2.2 trillion going to renewables, energy storage, power grids and low-emission fuels in 2026...
Breather for Keir Starmer as UK pulls off GCC trade deal
The trade deal will remove an estimated 580 million pounds in duties a year, based on current UK exports to the GCC, said the Department for Business and Trade...
Despite Iran headwinds, Qatar Airways finishes 2025/26 on a high
The airline carried more than 41.8 million passengers, maintaining extensive global connectivity through the Hamad International Airport...
UAE accelerates West-East Pipeline project to reduce Hormuz dependence
The West-East Pipeline project has been tasked with the goal of doubling the UAE's energy export capacity via the port of Fujairah by 2027...
US, UK relax Russian sanctions to mitigate energy price shock
US has extended the extension of the 30-day general license, to allow access to Russian oil and petroleum products stranded on tankers...
United Nations revises forecast for global economic growth
As per the United Nations, a surge in energy prices has intensified cost pressures for households and businesses...
China witnesses growth loss due to Iran war disruptions
China's factory output grew 4.1% from a year earlier (slowest growth since July 2023), compared with a 5.7% rise in March...
Egypt raises USD 1 billion in dollar-denominated social bond sale
The eight-year bonds received subscription orders exceeding USD 3.9 billion, reducing the annual yield to 7.6% from 8% due to strong demand...