Oil import News

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Energy

Brazil Emerges as Strategic Energy Alternative Amidst Middle East Conflict.

May 25, 2026 at 1:24 PM

As the US-Iran conflict disrupts oil transit through the Strait of Hormuz, Asian importers are increasingly relying on Brazilian crude to maintain energy security, significantly boosting Brazil's export revenues.

13 sources

Brazil Emerges as Strategic Energy Alternative Amidst Middle East Conflict

Image Credit : oilprice.com

Local News

Image Source : magzter.com

Sri Lanka’s Fuel Import Spending Spikes: CPC Reports Significant Increase in 2026 Outlays.

May 18, 2026 at 4:07 AM

18 sources

Local News

Image Source : cnbc.com

Sri Lanka Imposes 50% Duty Surcharge on Vehicle Imports to Protect Forex Reserves.

May 18, 2026 at 12:00 AM

5 sources

International Relations

Image Source : wionews.com

Trump Claims Breakthrough in US-China Trade and Geopolitical Cooperation.

May 15, 2026 at 5:16 AM

5 sources

Global Oil Markets Tense as US-Iran Ceasefire Negotiations Falter

Image Source : bbc.com

Economy•

May 12, 2026 at 6:29 AM

Global Oil Markets Tense as US-Iran Ceasefire Negotiations Falter.

Oil prices have climbed as diplomatic efforts to resolve the US-Iran conflict show signs of fragility, raising concerns over global supply chain disruptions, particularly in the Strait of Hormuz.

8 sources

Economy

Global Oil Prices Surge Amid Heightened Tensions in the Strait of Hormuz.

May 12, 2026 at 6:20 AM

Oil prices have climbed as geopolitical tensions between the U.S. and Iran threaten global energy supplies, with markets bracing for potential disruptions in the Strait of Hormuz.

10 sources

Global Oil Prices Surge Amid Heightened Tensions in the Strait of Hormuz

Image Credit : nytimes.com

United States

Image Source : fortune.com

US Accelerates Oil Reserve Release to Combat Global Energy Market Volatility.

May 12, 2026 at 6:02 AM

9 sources

Local News

SINOPEC Reevaluates $3.7 Billion Hambantota Refinery Amid Local Market Share Disputes.

China’s SINOPEC has stalled the $3.7 billion Hambantota oil refinery project, citing concerns that the current 20% local market allocation is insufficient for economic sustainability, with reports suggesting they are seeking a 30% share.

May 4, 2026 at 12:18 AM

4 sources

Local News

Image Source : lankanewsweb.net

Palm Oil Industry Advocates for Policy Reform to Bolster Sri Lanka's Economy.

May 1, 2026 at 8:16 AM

10 sources

Global Energy Paradigm Shifts as Conflict Reshapes Supply Chains

Image Source : irreview.org

World News•

April 30, 2026 at 11:31 AM

Global Energy Paradigm Shifts as Conflict Reshapes Supply Chains.

Escalating conflict in Iran is causing a seismic shift in global energy markets, forcing nations to prioritize energy independence, accelerating the transition to renewables, and challenging traditional oil-producing blocs like OPEC.

8 sources

Energy

China Eyes Fuel Export Resumption as Domestic Stockpiles Surge.

April 28, 2026 at 4:00 AM

State-owned Chinese oil giants, including Sinopec and CNPC, are seeking government approval to restart gasoline and diesel exports in May, following a period of reduced processing and high domestic inventory levels.

7 sources

Image Credit : klse.i3investor.com

International News

Image Source : aljazeera.com

US Imposes Sanctions on Chinese Oil Giant Over Iranian Crude Purchases.

April 25, 2026 at 7:25 AM

17 sources

Energy

Geopolitical Tensions Drive India and China into Fierce Competition for Russian Oil.

The ongoing Iran war and the effective closure of the Strait of Hormuz have triggered a desperate scramble for Russian crude as both India and China struggle to secure energy supplies amid global shipping disruptions.

April 23, 2026 at 9:06 AM

14 sources

World News

Image Source : channelnewsasia.com

Southeast Asian Nations Pivot to Russian Oil Amid Escalating Energy Supply Crises.

April 19, 2026 at 10:41 AM

19 sources

Economy•

April 17, 2026 at 9:45 AM

Ceylon Petroleum Corporation Clarifies High-Cost Fuel Imports Amid Market Volatility.

The CPC Chairman clarified that reports of crude oil being purchased at $286 per barrel were inaccurate, explaining that the high cost applied to refined diesel due to global supply chain pressures.

10 sources

Local News

Sri Lanka Secures Fresh Crude Oil Supply Amid Regional Supply Chain Shifts.

April 16, 2026 at 10:35 AM

Sri Lanka is set to receive a major shipment of 97,500 metric tonnes of crude oil as the CPC stabilizes fuel supply chains despite global geopolitical tensions.

9 sources

Sri Lanka Secures Fresh Crude Oil Supply Amid Regional Supply Chain Shifts

Image Credit : list.lk

Economy

Image Source : sudanindependent.net

Escalating Geopolitical Tensions Drive Sri Lanka's Oil Import Costs to Record Highs.

April 16, 2026 at 4:54 AM

12 sources

Economy

Image Source : npr.org

Deciphering the Oil Market Divide: Physical Realities Versus Futures Speculation.

April 13, 2026 at 8:24 AM

5 sources

Local News

Image Source : athavannews.com

Sri Lanka Secures Energy Supplies: US Crude Oil Shipment Expected in May.

April 7, 2026 at 4:06 PM

2 sources

Laugfs Gas Secures 7,000 MT Stock to Stabilize Festive Season Supply

Image Source : tamil.indianexpress.com

Local News•

April 7, 2026 at 12:05 PM

Laugfs Gas Secures 7,000 MT Stock to Stabilize Festive Season Supply.

LAUGFS Gas has successfully imported 7,000 metric tons of LP gas, which has arrived at the Hambantota Port, ensuring uninterrupted supply for the festive season.

2 sources