Harsha accuses Govt. of misrepresenting HSBC CEO’s remarks on oil prices
2026-04-18
Opposition MP Harsha de Silva has accused the JVP/NPP government and officials at the state-owned petroleum distributor of attempting toContinue Reading
US renews Russia oil waiver after pressure from nations
2026-04-18
The Trump administration has renewed a waiver allowing nations to buy sanctioned Russian oil at sea for about a month.Continue Reading
Japan PM pledges $10 Bn in financial aid to Asia to tackle oil shortage
2026-04-15
The Japanese government said Wednesday it will provide a total of $10 billion in financial support to other Asian nationsContinue Reading
US treasury secretary says China ‘not going to be able to get their oil’
2026-04-15
US Treasury Secretary Scott Bessent said on Tuesday China had been an unreliable global partner during the Middle East warContinue Reading
Indian tanker delivers 36,000 MT of fuel to Colombo Port
2026-03-30
Indian oil tanker, Hari Anand, arrived at the Dolphin Jetty of the Colombo Port at 1.30 pm on Sunday (29).Continue Reading
Japan starts release of state-held oil to stabilize supplies
2026-03-26
The Japanese government on Thursday started releasing state-held oil to stabilize supplies amid the ongoing U.S.-Israeli war with Iran, asContinue Reading
Oil prices tumble back below $100 on ceasefire optimism
2026-03-25
Oil prices fell sharply in early asian trade on Wednesday, with both major benchmarks dropping more than 5% as tradersContinue Reading
Iran ready to supply oil to Sri Lanka on request
2026-03-23
Iran is ready to assist Sri Lanka at any time, reaffirming its friendship with the country, Iranian Ambassador to SriContinue Reading
US temporarily lifts Sanctions on Iranian Oil stuck at sea
2026-03-21
The Trump administration has issued a 30-day sanctions waiver for the purchase of Iranian oil at sea to ease energyContinue Reading
Ras Laffan attacks slash Qatar’s LNG exports, Hitting Asia and Europe
2026-03-20
QatarEnergy, the country’s state-owned petroleum company, has confirmed that missile attacks on Ras Laffan Industrial City on March 18–19 causedContinue Reading
Oil prices hit $112 as Iran expands strikes on Gulf energy sites
2026-03-19
Oil prices climbed sharply in early Asian trading on Thursday as the Middle East conflict continued to escalate and energyContinue Reading
Trump administration temporarily lifting sanctions on Russian oil stranded at sea
2026-03-13
The Trump administration on Thursday issued a new license allowing countries to temporarily purchase certain Russian oil products, the sameContinue Reading
Trump announces new US refinery backed by India’s Reliance
2026-03-11
President Donald Trump announced Tuesday that the U.S. will get its first oil refinery in 50 years, funded by investmentsContinue Reading
Oil falls as Trump predicts Middle East de-escalation
2026-03-10
Oil prices fell on Tuesday after hitting an over three-year high in the prior session as U.S. President Donald TrumpContinue Reading
South Korea introduces first fuel price cap in 30 years as oil soars past $100
2026-03-09
South Korea will impose its first fuel price cap in almost 30 years as global jitters deepen over spiraling oilContinue Reading
Oil soars 25%, gold drops as Iran war jolts global commodity markets
2026-03-09
Oil prices surged around 25% on Monday to their highest since mid-2022, with Brent on track for a record one-dayContinue Reading
India gets 30-day waiver from US to buy Russian Oil amid Iran war
2026-03-06
India’s access to crucial energy supplies received a temporary boost on Friday after US Treasury Secretary Scott Bessent announced aContinue Reading
Trump threatens tariffs on countries selling oil to Cuba
2026-01-30
US President Donald Trump on Thursday signed an executive order that would slap additional tariffs on goods from countries thatContinue Reading