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Economy

Surging Oil Prices Drive Russia's Revenue Recovery Amid Middle East Instability.

May 14, 2026 at 2:21 PM

Russia experiences a notable spike in oil and gas revenue following a rise in global oil prices to $100 per barrel, though state compensation mechanisms continue to limit the final fiscal impact.

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Surging Oil Prices Drive Russia's Revenue Recovery Amid Middle East Instability
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Economy
Global Oil Price Volatility: Why Geopolitical Tensions and Market Dynamics Hit Consumers Hard
Image Source : fxleaders.com

Global Oil Price Volatility: Why Geopolitical Tensions and Market Dynamics Hit Consumers Hard.

May 13, 2026 at 12:40 AM
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Economy
Developing Nations Face Severe Risks as Global Oil Buffers Shrink
Image Source : thesheffieldpress.com

Developing Nations Face Severe Risks as Global Oil Buffers Shrink.

May 12, 2026 at 6:55 AM
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Economy
Global Oil Markets Tense as US-Iran Ceasefire Negotiations Falter
Image Source : bbc.com

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

May 12, 2026 at 6:29 AM
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US Accelerates Oil Reserve Release to Combat Global Energy Market Volatility
Image Source : fortune.com
United States•
May 12, 2026 at 6:02 AM

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

In coordination with the IEA, the US Department of Energy is releasing 53.3 million barrels of oil from its Strategic Petroleum Reserve to alleviate supply shortages caused by the blockade of the Strait of Hormuz.

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Local News

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

May 4, 2026 at 12:18 AM

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.

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Local News
Palm Oil Industry Advocates for Policy Reform to Bolster Sri Lanka's Economy
Image Source : lankanewsweb.net

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

May 1, 2026 at 8:16 AM
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World News
Global Energy Paradigm Shifts as Conflict Reshapes Supply Chains
Image Source : irreview.org

Global Energy Paradigm Shifts as Conflict Reshapes Supply Chains.

April 30, 2026 at 11:31 AM
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Agriculture

Empowering Smallholder Farmers: The Push for Industrialized Palm Oil Production.

Industry experts and stakeholders are calling for the transition of smallholder palm oil farmers into industrial-level operators to boost global competitiveness and improve profit margins.

April 29, 2026 at 8:09 PM
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China Eyes Fuel Export Resumption as Domestic Stockpiles Surge
Image Source : klse.i3investor.com
Energy•
April 28, 2026 at 4:00 AM

China Eyes Fuel Export Resumption as Domestic Stockpiles Surge.

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.

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Finance

Global Markets Rally on AI Enthusiasm as Energy Supply Concerns Mount.

April 27, 2026 at 4:15 AM

Asian stock markets hit record highs driven by AI investment optimism, even as stalled U.S.-Iran diplomatic talks push oil prices to a three-week peak due to Strait of Hormuz supply disruptions.

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Economy
Rising Strains in Strait of Hormuz Ignite Global Food Insecurity Fears
Image Source : globaldispatches.org

Rising Strains in Strait of Hormuz Ignite Global Food Insecurity Fears.

April 21, 2026 at 9:33 AM
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Economy

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.

April 17, 2026 at 9:45 AM
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Local News
Sri Lanka Secures Fresh Crude Oil Supply Amid Regional Supply Chain Shifts
Image Source : list.lk

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

April 16, 2026 at 10:35 AM
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Escalating Geopolitical Tensions Drive Sri Lanka's Oil Import Costs to Record Highs
Image Source : sudanindependent.net
Economy•
April 16, 2026 at 4:54 AM

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

HSBC CEO Georges Elhedery reveals that global energy market disruptions have forced nations like Sri Lanka to pay as much as $286 per barrel for oil, far exceeding international benchmark prices.

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Economy

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

April 13, 2026 at 8:24 AM

As global oil prices surpass $103 per barrel due to geopolitical tensions in the Strait of Hormuz, a widening gap has emerged between physical spot prices and futures contracts. This analysis explores why market perceptions are currently diverging from real-world supply realities.

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Deciphering the Oil Market Divide: Physical Realities Versus Futures Speculation
Image Credit : npr.org
International News
Egypt Implements Stringent Energy Conservation Policies Amid Global Fuel Crisis
Image Source : asiaone.news

Egypt Implements Stringent Energy Conservation Policies Amid Global Fuel Crisis.

April 7, 2026 at 6:48 PM
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Local News
Sri Lanka Secures Energy Supplies: US Crude Oil Shipment Expected in May
Image Source : athavannews.com

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

April 7, 2026 at 4:06 PM
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Economy
The Iran Conflict: How the Middle East Energy Crisis is Rattling African Economies
Image Source : impactnews-wire.com

The Iran Conflict: How the Middle East Energy Crisis is Rattling African Economies.

April 7, 2026 at 11:41 AM
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President Dissanayake Addresses Parliament on Impending Fuel Shipments and Middle East Crisis Impact
Image Source : themorningtelegraph.com
Local News•
April 7, 2026 at 7:43 AM

President Dissanayake Addresses Parliament on Impending Fuel Shipments and Middle East Crisis Impact.

President Anura Kumara Dissanayake confirms upcoming fuel shipments despite delays caused by Middle East instability, while outlining strategic efforts to secure energy supplies through regional partnerships.

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